同时，恒生国企指数在本次调整中纳入泡泡玛特，权重为2.10%，而极兔速递-W则被剔除，其剔除前的 权重为0.71%。这使得恒生国企指数的成分股数量保持在50支不变。在恒生科技指数方面，则没有进行 任何成分股的调整，成分股数量保持在30支。调整的实施时间表显示，上述指数调整结果将于2025年9 月8日正式生效，而港股通的调整名单将在9月5日通过上交所网站公布。 随着资金持续净流入以及港股市场的上涨，华夏基金旗下港股ETF总规模突破1000亿元，成为全市场首 家港股ETF规模破千亿的基金管理人。据悉，华夏基金港股ETF不仅规模最大，布局也全面，港股ETF 基金数量最多，达到14只，涵盖宽基、科技、医药、红利、消费等。 2025年8月22日，恒生指数公司发布了其定期的半年度指数调整结果，涵盖恒生系列主要旗舰指数，包 括恒生指数、国企指数和科技指数。此次调整基于截至2025年6月30日的审查数据，并将在考察日期后 的8周内公布。 在恒生指数的调整中，中国电信、京东物流及泡泡玛特的纳入显著影响了成分股的构成。其中，中国电 信、京东物流与泡泡玛特的权重分别为1.44%、0.51%和0.22%。此次调整后，恒生指数的成分股 ...

Macro Economic Overview - The report indicates that the next important time point may be in the late third quarter of 2025, with a suggested asset allocation order of stocks > commodities > bonds > currency [2][4] - In the first half of 2025, China's actual GDP grew by 5.3% year-on-year, laying a good foundation for achieving the annual target of 5.0% [2][4] - Economic data from July shows signs of growth pressure, including weakened external demand due to increased tariffs from the US and sluggish domestic consumption [2][4] Asset Performance - The A-share market saw an increase, with the CSI 300 index rising by 2.37% and the CSI 300 stock index futures up by 2.83% [11][12] - Commodity futures showed mixed results, with coking coal futures up by 0.33% and iron ore down by 1.65% [11][12] - The yield on ten-year government bonds rose by 6 basis points to 1.75%, while active ten-year government bond futures fell by 0.26% [11][12] Policy Insights - The report emphasizes the importance of expanding domestic demand in the second half of the year, suggesting that policies should be implemented to enhance efficiency and release domestic demand [2][4] - It is noted that the fiscal policy may have room for further adjustments within the year, particularly in light of external pressures easing due to potential interest rate cuts by the Federal Reserve [2][4] Sector Performance - The report highlights that the TMT sector has shown significant growth, with the ChiNext index leading with an 8.58% increase, followed by the Shenzhen Component Index at 4.55% [35][36] - The report also notes that the banking sector has faced declines, with a drop of 3.22% [35][36] Financial Data - In July, new social financing amounted to 1.13 trillion yuan, while new RMB loans decreased by 500 million yuan, indicating weak financing demand in the real economy [4][17] - The M2 money supply grew by 8.8% year-on-year, reflecting a relatively strong liquidity environment despite weak economic indicators [4][17]

国庆节香港只休1天，所以今天就恢复了交易，结果涨炸了，恒生指数爆涨6.2%，恒生国企指数上涨7.08%，恒生科技指数上涨8.53%，气势如虹，全军出 击。 我今天登陆我的港股账户，发现竟然翻身了，红了！曾经最惨的时候水下250多万，全都涨回来了。之前看香港哪哪都不顺眼，现在觉得这座城市活力四 射，以后不说它是金融废墟了。东方之珠，你最闪亮。 持有a股空头头寸的现在估计看的头皮发麻，丸辣，拳丸辣 a50指数期货现在还在交易，我贴个图给你们看一下就知道具体啥形势。红色箭头就是9月30日15点a股收盘的位置，那根细细的红线就代表当时的点位， 正好是14000点，然后最新的点位是15066，又涨了7.6%。 我在心里默默算了下，假如我们没有停牌的话，现在已经超过3500点了。但局势发展到现在这个地步，我觉得大多数人已经不再满足于3500，开始期待更 高的位置，3700？3800？4000？ 我这几天一直在想这一轮行情的性质到底是什么，因为不同的性质决定了行情最终的高度。首先可以排除是周线级别的超跌反弹，如果是超跌反弹的话极 限高度不会超过2950，更不会吸引山呼海啸的增量资金往里冲。其次也可以排除政策救市的逻辑，虽然 ...