Market Performance - The A-share market experienced a nine-day rally, with the Shanghai Composite Index rising by 0.31% and the Shenzhen Component Index increasing by 0.03% [1] - The ChiNext Index fell by 0.32%, while the North China 50 Index rose by 0.11% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.4078 trillion yuan, a decrease of 57.8 billion yuan compared to the previous day [1] - Over 3,400 stocks in the market declined [1] Sector Performance - Leading sectors included carbon fiber, diversified finance, brain-computer interfaces, non-ferrous metals, CPO, wind power equipment, commercial aerospace, and humanoid robots [1] - Underperforming sectors were food and beverage, retail, batteries, chemicals, and influenza [1] ETF Performance - The non-ferrous metal sector saw gains, with the Dachen Fund Non-Ferrous Metal ETF rising by 2.9% [1] - The oil and gas sector performed well, with the Penghua Fund Oil and Gas ETF and the Jingshun Great Wall Fund Oil and Gas ETF increasing by 2% and 1.92%, respectively [1] - The AI sector showed signs of recovery, with the Kexin AI ETF and the Kexin Artificial Intelligence ETF rising by 2% [1] - The commercial aerospace sector continued its upward trend, with the Satellite ETF from Yifangda increasing by 1.7% [1] Declining ETFs - High-premium Hong Kong stock ETFs saw significant declines, with the Hang Seng ETF for Hong Kong Stock Connect hitting the limit down and the Hong Kong Stock Connect 50 ETF dropping by 7% [1] - The latest premium/discount rates for these ETFs were 5% and 0.27%, respectively [1] - The Hong Kong innovative drug sector declined, with the Hang Seng Innovative Drug ETF falling by 2% and the Hong Kong Stock Connect Innovative Drug ETF decreasing by 1.7% [1] - Power stocks experienced a pullback, with the Green Power ETF and Power ETF both declining by 1.6% [1]

Group 1 - The article discusses the phenomenon of certain funds, particularly small-cap Hong Kong funds, being sold at high premiums intermittently, suggesting a potential trading strategy to buy during low premium periods and sell during high premium periods [5][6][10] - Specific funds that have shown high premiums include "Hong Kong Small Cap LOF" with a premium of 9.69% and "Guotou China Value LOF" with a premium of 8.63% as of September 24 [7][6] - The underlying reason for these high premiums is attributed to the small scale of the funds, making them susceptible to speculative trading [6][10] Group 2 - QDII commodity funds, particularly those related to gold, frequently experience high premiums due to factors such as purchase limits and rising underlying asset prices [10][12] - The "Gold Theme LOF" is highlighted as a fund that often sees significant premiums, with a recent premium of 18.43% [12] - The article also notes that the "National Investment Silver LOF" had a high premium but historically has not maintained such levels consistently [10][12] Group 3 - QDII stock funds, especially those linked to the Nasdaq and S&P 500, are also mentioned as having premiums due to quota restrictions and the strong performance of U.S. stocks [17][18] - The Nasdaq Technology ETF has been noted for maintaining a long-term premium of around 20% [17] - The article suggests that if premiums disappear, investors holding related funds might consider converting their holdings from off-market to on-market [17]

Market Performance - The Shanghai Composite Index experienced a slight decline of 0.19% in the morning session, while the ChiNext Index fell by 0.15%. In contrast, the Shenzhen Component Index rose by 0.17% [1] - The total market turnover reached 1.4648 trillion yuan, an increase of 252.9 billion yuan compared to the previous day's trading volume [1] Sector Performance - The AI industry chain saw a collective pullback, with CPO, liquid cooling, and high-speed copper concepts leading the declines. Technology sectors such as robotics and photolithography machines also underwent a general correction [1] - Conversely, the lithium battery industry chain surged, with the non-ferrous metals sector accelerating. Companies like Luoyang Molybdenum and Zijin Mining reached historical highs [1] - The commercial aerospace concept began to show signs of differentiation [1] ETF Performance - Mini-sized Hong Kong stock ETFs continued to rise, with GF Fund's Hang Seng ETF and Cathay Fund's Hong Kong Stock Connect 50 ETF increasing by 7.11% and 2.84%, respectively. Their latest premium/discount rates are 16.96% and 12.35% [1] - The non-ferrous metals sector remained strong, with Southern Fund's Non-Ferrous Metals ETF, Huatai-PineBridge Fund's Non-Ferrous 50 ETF, and Yinhua Fund's Non-Ferrous Metals ETF all rising by 3% [1] - The photovoltaic sector also showed strength, with Harvest Fund's New Energy ETF and Bosera Fund's New Energy Theme ETF both increasing by 2% [1] - The semiconductor sector declined, with chip equipment ETFs and semiconductor equipment ETFs falling by 1.6%. The CPO sector also saw a pullback, with communication ETFs and 5G communication ETFs dropping by 1.6% and 1.43%, respectively [1]

部分港股相关ETF早盘再度活跃，恒生ETF港股通涨超5%，溢价超15%。 此外，港股通50ETF溢价超13%。 值得注意的是，相关基金公司昨日均发布溢价风险提示公告，特此提示投资者关注基金二级市场交易价格溢价风险，投资者如果盲目投资于高溢 价率的基金份额，可能遭受重大损失。 | 代码 现价 类型 名称 | | 涨跌 涨跌幅▼ 益折率 | | --- | --- | --- | | 159312 | | 0.078 5.72% 15.43% | | 159712 跨 港股通50ETF T+0 | 0.055 3.91% 13.51% | | | 159318 跨 恒生港股通ETF T+0 1.472 | | 0.041 2.87% 6.07% | | 159788 跨 港股通100ETF T+0 1.418 | | 0.033 2.38% 5.80% | （文章来源：每日经济新闻） ...

贵金属板块回调，矿业ETF、有色金属ETF分别跌2%和1.98%。黄金股走低，黄金股票ETF、黄金股 ETF跌1.9%。 格隆汇12月25日｜上证指数午盘涨0.29%，创业板指跌0.37%。保险股再度走强，造纸、包装行业同步 拉升，商业航天概念股反复活跃，稳定币、机器人题材表现强势。能源金属产业链回调，锂矿方向领 跌；半导体板块走弱。 ETF方面，迷你规模港股ETF连续第二日上涨，广发基金恒生ETF港股通、国泰基金港股通50ETF分别 涨7.31%、4%，最新溢折率分别为11.72%和15.11%。商业航天板块延续涨势，永赢基金卫星ETF、华泰 柏瑞基金航空航天ETF和卫星ETF广发分别涨4.5%、4.23%和3.94%。 ...

Market Performance - The Shanghai Composite Index rose by 0.53%, the Shenzhen Component Index increased by 0.88%, the ChiNext Index gained 0.77%, and the Northbound 50 Index was up by 0.39% [1] - The total market turnover was 1,897.2 billion yuan, a decrease of 24.1 billion yuan compared to the previous day [1] Sector Performance - The power and commercial aerospace sectors were active, while the precious metals and Hainan sectors experienced adjustments [1] - The commercial aerospace sector rebounded, with several ETFs such as the招商基金卫星产业ETF, 广发卫星ETF, 富国基金卫星ETF, and 永赢基金卫星ETF all rising over 5% [1] ETF Performance - In the ETF market, the mini-sized Hong Kong stock ETFs saw significant gains, with the国泰基金港股通50ETF hitting the daily limit, and the广发基金恒生ETF港股通 and 易方达基金港股通100ETF rising by 3.75% and 3.24% respectively, with latest premium/discount rates of 10.48%, 3.92%, and 4.32% [1] - The agricultural sector saw declines, with畜牧ETF, 农业ETF易方达, and 养殖ETF all dropping by 1% [1] - The Hong Kong innovative drug ETFs expanded their afternoon losses, with the 恒生生物科技ETF鹏华 down by 0.95% [1]

因平安夜、圣诞节，港股下午开始休市，且周四、周五也休市，场内规模较小的港股ETF纷纷溢价上 涨，这类规模普遍不足1亿份的迷你ETF，在港股休市窗口下成为资金炒作焦点，再现"港股假期溢 价"奇观。。 此前，国泰基金港股通50ETF、易方达基金港股通100ETF、广发基金恒生ETF港股通和银华基金恒生港 股通ETF分别涨10%、8.41%、7.82%和6.4%，最新溢折率分别为10.41%、9.47%、7.93%和6.36%。但发 稿时除了国泰港股通50ETF依旧维持8.8%涨幅，其余三只港股ETF涨幅均回落。 | | 序号 类型 代码 | | 名称 | 现价 | ※跌 | 涨跌幅 | ▼ 管理公司 | 估算规模 | 溢折率 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 跨 159712 | 港股通50ETF T+0 | 1.410 | 0.114 | 8.80% | 国交证等 | 5663.23万 | 9.24% | | 5 | 主 | 159218 | DEALETF | 1.480 | 0.074 | 5.26% ...

Group 1 - The core viewpoint of the news highlights a significant increase in cross-border ETFs, with the Hong Kong Stock Connect 50 ETF hitting the upper limit, while the Hong Kong Stock Connect 100 ETF and Hang Seng ETF saw gains exceeding 7%, albeit with substantial premiums [1] - Due to the Christmas holiday, the Hong Kong stock market will be closed from December 24 (Wednesday) afternoon, with trading resuming on December 29 (Monday) [1] Group 2 - Specific performance data shows the following ETFs: - Hong Kong Stock Connect 50 ETF (code: 159712) rose by 10.03% to a price of 1.426 with a premium rate of 10.39% [2] - Hong Kong Stock Connect 100 ETF (code: 159788) increased by 8.19% to 1.467 with a premium rate of 9.22% [2] - Hang Seng ETF (code: 159312) gained 7.50% to 1.347 with a premium rate of 7.59% [2] - Other ETFs also showed positive performance, with varying increases and premium rates [2] - Analysts suggest that investors should be cautious of the premium risk in the secondary market, as purchasing at high premiums may lead to significant losses [2]

Market Overview - The Shanghai Composite Index rose by 0.24% and the ChiNext Index increased by 0.08% [1] - Commercial aerospace concept stocks showed active trading, with strength in sectors such as computing hardware, AI smartphones, smart transportation, chips, and nuclear fusion [1] - Coal, insurance, and gold sectors experienced adjustments [1] ETF Performance - The Hong Kong stock market was closed in the afternoon, with mini-sized Hong Kong stock ETFs leading in gains [1] - The Cathay Pacific Hong Kong Stock Connect 50 ETF, GF Fund Hang Seng ETF, and E Fund Hong Kong Stock Connect 100 ETF rose by 8.8%, 5.91%, and 5.75% respectively, with latest premium/discount rates of 9.13%, 5.97%, and 6.84% [1] - The commercial aerospace sector rebounded from previous declines, with the招商基金 satellite industry ETF, GF satellite ETF, and Yongying Fund satellite ETF all increasing by over 4% [1] Sector Performance - The agriculture sector declined, with the E Fund agriculture ETF and livestock ETF both falling by 1.2% [1] - The gaming sector weakened, with the gaming ETF and Huatai-PB gaming ETF both down by 1.2% [1]

每经记者：叶峰 每经编辑：肖芮冬 多只港股相关ETF早盘大幅上涨，港股通100ETF涨约4%，港股通50ETF涨约3%，但溢价均超3%。 此外，还有恒生港股通ETF、恒生ETF港股通等溢价超2%。 | 代码 | 类型 名称 | 现价 | | 涨跌 涨跌幅 ▼ | 溢折率 | | --- | --- | --- | --- | --- | --- | | 159788 | 港股通100ETF T+0 跨 | 1.410 | 0.054 | 3.98% | 4.90% | | 159712 | 跨 港股通50ETF T+0 | 1.334 | 0.038 | 2.93% | 3.27% | | 159318 | 跨 恒生港股通ETF T+0 | 1.428 | 0.037 | 2.66% | 2.65% | | 159312 | 跨 恒生ETF港股通 T+0 | 1.282 | 0.029 | 2.31% | 2.38% | 有分析认为，在海外流动性预期改善和AI叙事持续发酵的背景下，港股互联网板块有望迎来估值修复 行情。 ...