更具优势的是季度调样机制，相较于同类指数半年度调样更灵敏，可及时纳入新能源汽车、半导体等新兴赛道龙头，同步科技产业进化方向。 此外，费率成本优势显著降低投资损耗。该基金管理费仅0.2%、托管费0.05%，综合费率处于同类产品低位。场内交易无印花税及过户费，仅需支付券 商佣金。同时无双重收费结构，直接投资港股，长期复利效应突出。 上周港股震荡走弱，恒生科技ETF易方达(513010)开年以来录得3.58%的涨幅。 港股聚集了稀缺的互联网科技龙头，兼具成长属性与全球竞争力，是分享中国科技产业创新红利的重要载体。 从资金角度来看，截至上周三EPFR口径外资净流入港股19.5亿美元（vs前一周净流入28.2亿美元），其中主动型外资维持净流入2.4亿美元续创单周新 高，被动型外资净流入17.1亿美元同样维持高位。上周南向净流入港股235亿港币，较前一周100亿港币有所上行，电子、传媒、非银金融板块净流入排 名靠前。 易方达恒生科技ETF（513010）作为跟踪港股科技核心资产的标杆产品，凭借指数编制、费率成本、规模效应及港股底层价值的多重优势，成为投资者 布局港股科技赛道的优选工具，该ETF今年合计净流入超15亿元，自 ...

Group 1 - The Hong Kong stock market saw a rise in technology sectors such as integrated circuits and chips, with the Hang Seng New Economy Index, Hang Seng Technology Index, and CSI Hong Kong Internet Index all increasing by 1.1% [1] - The CSI Hong Kong Pharmaceutical and Health Comprehensive Index rose by 0.7%, while the CSI Hong Kong Consumer Theme Index experienced a slight decline of 0.1% [1] - Significant capital inflow was noted, with over 1.4 billion yuan net inflow into the E Fund Internet ETF (513040) and E Fund Hang Seng Technology ETF (513010) since the beginning of the year [1] Group 2 - According to CITIC Securities, the AI application sector is expected to be a key focus in early 2026, with ongoing catalysts for AI applications anticipated [1] - AI is gradually penetrating daily life, impacting various sectors including automotive, robotics, smart home devices, and wearables [1] - China is positioned advantageously in terms of the pace of application rollout and user scale, indicating substantial growth potential for AI applications [1]

Group 1 - The core viewpoint of the news highlights the divergence in the Hong Kong stock market, with consumer concepts showing strength while AI application sectors continue to adjust [1] - The CSI Hong Kong Stock Connect Consumer Theme Index rose by 1.7%, while the CSI Hong Kong Stock Connect Pharmaceutical and Health Index fell by 0.9%, the CSI Hong Kong Stock Connect Internet Index decreased by 1.0%, the Hang Seng Technology Index dropped by 1.2%, and the Hang Seng Hong Kong Stock Connect New Economy Index declined by 1.5% [1] - There has been a continuous inflow of funds, with the Hong Kong Stock Connect Internet ETF (513040) and the Hang Seng Technology ETF (513010) both receiving over 1 billion yuan in net inflows this year [1] Group 2 - According to CITIC Securities, the AI application sector is expected to be a main focus starting in early 2026, with multiple catalysts for AI applications anticipated in the future [1] - AI is gradually penetrating daily life through various hardware, including automobiles, robots, smart glasses, smart home devices, and wearables like smart rings and headphones [1] - On the software side, the upgrade in model inference capabilities is accelerating the deployment of enterprise-level Agentic AI, indicating significant growth potential for AI applications in China [1]

今日港股走势分化，医药产业链股集体大涨，大型互联网股表现活跃，截至收盘，中证港股通医药卫生 综合指数上涨4.0%，中证港股通互联网指数上涨1.3%，恒生港股通新经济指数上涨1.0%，恒生科技指 数上涨0.1%，中证港股通消费主题指数下跌0.4%。 2. 银行,互联网平台等相关照售机构提供可场外投资的EF联接基金。 注3) 從看到六部,其德理都清0.124/英。托瑟曼塞(0.00V)体 华泰证券表示，上周港股在科技催化驱动下收涨，2026年首个交易日实现"开门红"。当前市场情绪、资 金面环境比11月更优，布局港股胜率提升，建议一方面继续配置有业绩兑现预期的科技链，在流动性环 境催化下一季度或有高斜率空间，同时考虑到驱动因素和资金属性变化，做现金流资产的均衡配置。 24.0% 港股通消费ETF易方达 低费率 513070 跟踪中证港股通消费主题指数 该指数自2020年 今日 该指数 该指数由港股通范围内流动性 该指数涨跌 滚动市盈率 发布以来估值分位 较好、市值较大的50只消费主 题股票组成,可选消费占比近 -0. 4% 16.9倍 0. 0% 60% 注1 "训练教"排名上述基金产品周体用润的热度。数据录,fa ...

（责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 12月30日，港股震荡上行，科技股涨幅居前，截至13:50，恒生科技指数上涨1.9%。相关产品受资 金关注，Wind数据显示，截至昨日，恒生科技ETF易方达（513010）月内净流入超23亿元。 消息面上，Meta今日正式宣布收购AI智能体公司Manus，收购金额或高达数十亿美元，成为Meta成 立以来第三大收购，花费仅次于WhatsApp和Scale AI。在Meta收购前，Manus正以20亿美元估值进行新 一轮融资。根据12月初统计的数据，上线至今，Manus已处理超过147万亿个token，并创建了超过8000 万台虚拟计算机。 中信证券表示，2026年模型逻辑推理能力将进一步提升，支撑各领域Agent落地，带动企业端AI从 降本到增收打开落地空间。其中数据分析、代码生成、人力招聘、销售辅助、智能客服等场景仍是 Agent领域 ...

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing a period of low volatility and correction, yet companies are actively engaging in share buybacks, signaling confidence in future industry developments [1]. Group 1: Market Performance - As of December 16, the Hang Seng Technology Index has declined by 2.3% [1]. - Nearly 260 Hong Kong-listed companies have implemented buybacks this year, totaling approximately 170 billion HKD [1]. Group 2: Company Actions - Major technology firms such as Tencent Holdings, Xiaomi Group, and Kuaishou are among the top companies in terms of buyback amounts, indicating strong corporate confidence in the sector's future [1]. Group 3: Investment Insights - Minsheng Securities maintains a positive outlook on the revaluation of AI in China, suggesting investors focus on platform-based internet companies with computational resources and application capabilities [1]. - The Hang Seng Technology Index consists of the 30 largest stocks related to technology themes, focusing on sectors like semiconductors and robotics, with key companies including Meituan, Tencent Holdings, Alibaba, and SMIC [1]. - The current rolling price-to-earnings ratio of the index is 23 times, which is at the 31.7% percentile since its inception in 2020, indicating potential long-term investment value [1]. Group 4: ETF Performance - The Hang Seng Technology ETF (E Fund, 513010) has seen a net inflow of nearly 3.5 billion CNY over the past month, with a total product size of approximately 26 billion CNY, reflecting good liquidity for investors looking to access core Hong Kong technology companies [2].

Core Viewpoint - The Hong Kong stock market is experiencing an upward trend, particularly led by the Hang Seng Technology Index, with significant developments in AI and favorable monetary policies contributing to this momentum [1] Group 1: Market Performance - The Hang Seng Technology Index is leading the gains in the Hong Kong stock market, with the Hang Seng Technology ETF (513010) rising by 1.58% [1] - The current price-to-earnings (PE) ratio of the Hang Seng Technology Index is 23.23, which is at a historical low of 32.142% over the past five years, indicating a clear valuation advantage [1] - The Hang Seng Technology ETF (513010) has seen a cumulative decline of 15% from October 9 to December 11, during which it attracted 7.019 billion yuan in capital for bottom-fishing [1] Group 2: AI Developments - Alibaba Cloud has launched the Function Computing AgentRun, a one-stop Agentic AI infrastructure platform, showcasing Alibaba's strength in AI [1] - Meta has utilized Alibaba's Qianwen to optimize its latest AI model, and Singapore's National AI Program has adopted Alibaba's Tongyi Qianwen open-source model, replacing the previous Meta model [1] - The positive advancements in domestic AI chains, particularly among major internet companies in Hong Kong, highlight strong capabilities in AI research and development [1] Group 3: Monetary Policy Impact - The Federal Reserve is expected to lower interest rates by 25 basis points in December and has announced a $40 billion short-term debt purchase plan, which will benefit global liquidity [1] Group 4: ETF Details - The latest scale of the Hang Seng Technology ETF (513010) is 25.692 billion yuan, with an average daily trading volume exceeding 1.2 billion yuan, meeting large transaction demands and mitigating liquidity risks [2] - The management and custody fees for the ETF are 0.25% annually, which can save approximately 20,000 yuan in fees over five years compared to products with a 0.65% fee rate [2]

Group 1 - The core viewpoint of the article highlights the performance of various indices related to Hong Kong stocks, with the Consumer Theme Index rising by 0.7% and the Hang Seng Technology Index increasing by 0.5% [1] - The net inflow for the Hang Seng Technology ETF and the Hong Kong Internet ETF in the current month reached 960 million and 450 million respectively, indicating strong investor interest [1] - Analysis suggests that Hong Kong internet companies have a first-mover advantage in AI-native applications and smart hardware integration due to their platform scale, data resources, and cloud computing infrastructure [1] Group 2 - The article notes that as super applications, intelligent agent platforms, and full-link AIGC capabilities mature, the profitability structure of leading internet companies in advertising, cloud services, local life, and e-commerce efficiency is expected to improve [1] - The industry valuation is currently at a historically low level, and the trend of AI investment converting to revenue is becoming clearer, enhancing the long-term allocation value of the sector [1]

Core Viewpoint - The Hong Kong stock market showed a strong performance today, particularly in sectors such as semiconductors, new energy vehicles, internet, and new consumption, with the Hang Seng Technology Index rising by 2.0% and other related indices also experiencing gains [1]. Sector Performance - The Hang Seng Technology Index increased by 2.0% [1] - The Hang Seng Hong Kong Stock Connect New Economy Index rose by 1.9% [1] - The CSI Hong Kong Stock Connect Consumption Theme Index saw an increase of 1.3% [1] - The CSI Hong Kong Stock Connect Internet Index grew by 1.2% [1] - The CSI Hong Kong Stock Connect Pharmaceutical and Health Comprehensive Index declined by 0.3% [1] Index Composition - The CSI Hong Kong Stock Connect Consumption Theme Index consists of 50 major consumer stocks within the Hong Kong Stock Connect, with nearly 60% of the index composed of discretionary consumption [4] - The rolling price-to-earnings ratio of the index is 21.0 times, with a valuation percentile of 17.0% since its inception in 2020 [4]

Group 1 - The Hong Kong stock market indices have risen, with Baidu Group increasing by over 14% following a strategic cooperation agreement with China Merchants to explore "AI + industry" new paths [1] - Other companies such as JD Group, Meituan, and SMIC have also seen increases of over 5%, while Alibaba rose by 4.69%, reaching a nearly four-year high [1] - The Hang Seng Technology ETF (513010) has gained 3.08% year-to-date, with a total increase of over 39% [1] Group 2 - Significant capital inflow has been observed in Hong Kong stocks this year, with ETFs becoming a crucial tool for capital allocation [1] - The Hang Seng Technology ETF (513010) has received a net inflow of 3.278 billion yuan in the last 20 days, bringing its latest scale to 19.202 billion yuan [1] - The ETF tracks the Hang Seng Technology Index, bundling core Chinese technology assets, including Tencent, NetEase, Alibaba, SMIC, Xiaomi, and Baidu, with a low comprehensive fee rate of 0.25% [1] Group 3 - The profitability of Hong Kong stocks is improving, with the Hang Seng Technology Index showing the highest growth rates [1] - By Q2 2025, the revenue and net profit growth rates for the Hang Seng Technology Index are expected to lead among major indices, with year-on-year revenue growth of 14.43% and net profit growth of 16.18% [1] - In comparison, the revenue and net profit growth rates for the Hang Seng Index and other indices are lower, indicating a stronger performance for the technology sector [1] Group 4 - Guolian Minsheng Securities notes that the ROE-TTM of the Hang Seng Technology Index remains relatively superior [2] - Bloomberg consensus forecasts suggest that the ROE of the Hang Seng Technology Index may further recover in the next two years, narrowing the gap with other emerging markets [2] - The sector is expected to benefit from a continuation of favorable market conditions and global capital reallocation [2]