Group 1 - The central document released on February 3, 2026, emphasizes "multiple measures to promote dairy product consumption," elevating it to a national strategic level, highlighting the importance of basic nutrition and domestic demand [1] - The document also stresses the need for a diversified food supply system, providing institutional support for the expansion of dairy products in health consumption, silver economy, and functional nutrition [1] - The 2026 economic work conference prioritizes domestic demand, indicating a strategic shift from short-term demand expansion to establishing a long-term foundation for growth [1] Group 2 - The essential consumption sector is experiencing a divergence, with basic demand recovering while luxury consumption faces pressure; January 2026 saw positive growth in condiments, frozen foods, soft drinks, and the catering industry, while dairy products and beer experienced negative growth [2] - The cost index for soft drinks decreased by 3.71% month-on-month, marking the largest decline among categories; net inflows into essential consumption stocks reached 61.73 billion yuan by the end of January [2] - The A-share food and beverage sector is currently at a historical PE percentile of 17%, indicating deep valuation levels, with significant inflows from both domestic and foreign investors [2] Group 3 - The liquor industry is preparing for the Spring Festival marketing activities, focusing on market cultivation and consumer education to boost sales [3] - As of February 4, 2026, the main consumption index rose by 2.11%, with significant increases in major stocks such as Dongpeng Beverage and Haida Group [3] - The consumption ETF has seen a scale increase of 24.23 million yuan in two weeks, with a notable net inflow of 12.92 million yuan over the last five trading days [3] Group 4 - The Consumption ETF Guangfa (560680) closely tracks the main consumption index, with significant weight in liquor (38.68%), pig farming (18.04%), and dairy (9.46%) [4] - The Hang Seng Consumption ETF (159699) focuses on new consumption stocks in Hong Kong, with a notable weight of 10.40% in Pop Mart [4] - The Food ETF Guangfa (563850) tracks the CSI Food Index, with major weights in seasoning and fermentation products (25.68%), dairy (16.56%), and meat products (9.54%) [5]

Group 1 - The Hang Seng Consumption ETF (159699) decreased by 0.29% at the opening [1] - The Hong Kong Securities ETF (513090) increased by 1.04% at the opening [1] - The Hong Kong Stock Connect Pharmaceutical ETF (513200) rose by 0.41% at the opening [1] - The Hong Kong Innovative Drug ETF (513120) increased by 0.54% at the opening [1] Group 2 - A-share accounts can conduct T+0 trading for Hong Kong stocks without the need for Stock Connect [1]

Group 1 - The Hong Kong Securities ETF (513090) increased by 1.10% [1] - The Hang Seng Consumer ETF (159699) rose by 0.98% [1] - The Hong Kong Innovative Drug ETF (513120) gained 0.95% [1] - The Hong Kong Stock Connect Innovative Drug ETF (159570) saw an increase of 0.96% [1] - The Gold ETF (518680) experienced a slight rise of 0.07% [1] Group 2 - A-share accounts can now trade Hong Kong stocks on a T+0 basis without the need for Hong Kong Stock Connect [1]

Group 1 - The Hang Seng Consumption ETF (159699) increased by 0.40% [1] - The Hong Kong Stock Connect Pharmaceutical ETF (513200) rose by 0.51% [1] - The Hong Kong Innovative Drug ETF (513120) saw a gain of 0.88% [1] - The Hong Kong Stock Connect Innovative Drug ETF (159570) increased by 0.86% [1] - The Hong Kong Innovative Drug ETF (159567) rose by 0.93% [1] Group 2 - A-share accounts can now trade Hong Kong stocks on a T+0 basis without the need for Hong Kong Stock Connect [1]

Core Viewpoint - The article discusses the performance of various ETFs in the Hong Kong market, highlighting the fluctuations in their opening prices. Group 1: ETF Performance - The Hang Seng Consumption ETF (159699) decreased by 0.51% [1] - The Hong Kong Stock Connect Pharmaceutical ETF (513200) fell by 0.11% [1] - The Hong Kong Innovative Drug ETF (513120) dropped by 0.55% [1] - The Gold ETF (518680) increased by 0.37% [1] Group 2: Trading Accessibility - A-share accounts can now facilitate T+0 trading for Hong Kong stocks without the need for Hong Kong Stock Connect [1]

Group 1 - The Hang Seng Consumption ETF (159699) decreased by 0.39% [1] - The Hong Kong Innovative Drug ETF (513120) increased by 0.34% [1] - The Alcohol ETF (512690) fell by 0.73% [1] - The Hong Kong Innovative Drug ETF (159567) rose by 0.19% [1] - The S&P Oil & Gas ETF (513350) increased by 1.50% [1] Group 2 - A-share accounts can now trade Hong Kong stocks on a T+0 basis without the need for Hong Kong Stock Connect [1]

Group 1 - The Hang Seng Consumption ETF (159699) opened with a gain of 0.10% [1] - The Hong Kong Innovative Drug ETF (513120) increased by 0.60% [1] - The Hang Seng Technology ETF (513010) rose by 0.54% [1] - The Hong Kong Innovative Drug ETF (159567) saw a rise of 0.58% [1] - The Gold ETF (518680) experienced a gain of 0.18% [1] Group 2 - A-share accounts can now buy Hong Kong stocks on a T+0 basis without the need for Hong Kong Stock Connect [1]

Group 1 - The Hang Seng Consumption ETF (159699) decreased by 0.10% [1] - The E Fund Hang Seng Technology ETF (513010) increased by 0.40% [1] - The Hong Kong Innovative Drug ETF (513120) rose by 0.44% [1] - The STAR Market Artificial Intelligence ETF (588930) fell by 0.26% [1] - The Gold ETF (518680) declined by 0.54% [1] Group 2 - A-shares accounts can conduct T+0 trading for Hong Kong stocks without the need for Hong Kong Stock Connect [1]

Group 1 - The Hong Kong innovative drug ETF (513120) increased by 0.46% [1] - The Hang Seng Consumer ETF (159699) rose by 0.58% [1] - The Hang Seng Technology ETF (513010) saw a gain of 0.69% [1] Group 2 - The STAR Market Artificial Intelligence ETF (588930) decreased by 0.09% [1] - The Gold ETF (518680) fell by 1.37% [1] Group 3 - A-share accounts can now buy Hong Kong stocks with T+0 trading without the need for Hong Kong Stock Connect [1]

Group 1 - The Hang Seng Consumption ETF (159699) increased by 0.10% [1] - The Hong Kong Innovative Drug ETF (513120) rose by 0.97% [1] - The Hang Seng Technology ETF by E Fund (513010) decreased by 0.14% [1] - The STAR Market Artificial Intelligence ETF (588930) opened flat [1] - The Gold ETF (518680) gained 0.10% [1] Group 2 - No need for Hong Kong Stock Connect, A-share accounts can conduct T+0 trading for Hong Kong stocks [1]