【人工智能】 政策支持：八部门印发《"人工智能+制造"专项行动实施意见》，提出到2027年AI核心关键技术安全可 靠供给等目标。 产业动态：智谱AI与国产GPU公司天数智芯将于明日（1月8日）在港股上市；金融时报称Meta收购 Manus正面临监管审查；网传DKL在谷歌TPU OCS采购中获超70%份额；卖方指出单机柜电源（PSU） 价值量预计提升至少30%。 其他传闻：市场传闻春节期间将有大模型重大动作；另有传闻称科技公司被要求暂停英伟达H200芯片 订单。 相关ETF： 半导体设备ETF(场内：561980，场外：020464)、云计算ETF(场内：159890，场外： 021716)、软件龙头ETF(场内：159899，场外：018385) 【卫星互联网】 日本政府计划打造本土版"星链"系统，拟列支1500亿日元补助相关企业。 相关ETF： 卫星产业ETF(场内：159218) 【有色金属】 中国央行连续第14个月增持黄金。 相关ETF： 有色矿业ETF招商(场内：159690) 【煤炭】 多重因素催化：蒙煤短期通关下降预期；榆林部分核增产能退回；市场对反内卷政策加码存预期；行业 处于冬储补库阶段。 相 ...

来源：视频滚动新闻 12月23日，港股科技50ETF（513980）跌0.55%，成交额4.32亿元。当日份额减少3700.00万份，最新份 额为316.42亿份，近20个交易日份额增加13.38亿份。最新资产净值计算值为228.43亿元。港股科技 50ETF（513980）业绩比较基准为中证港股通科技指数收益率(使用估值汇率折算)，管理人为景顺长城 基金管理有限公司，基金经理为金璜、汪洋，成立（2021-06-21）以来回报为-27.81%，近一个月回报 为-0.62%。风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息 （包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个 人投资建议。 ...

Core Insights - The article highlights a significant rise in Hong Kong stocks, particularly in the technology sector, driven by positive U.S. inflation data and strong earnings from Micron Technology [1] - The current market cycle for Hong Kong stocks is viewed as being in the mid-stage of a bull market, with ongoing earnings recovery expected to gradually expand across various sectors [2] Group 1: Market Performance - Hong Kong stocks opened higher on December 19, with major tech stocks like Tencent, Alibaba, and Netease all experiencing gains, leading to a nearly 2% increase in the Hong Kong Tech 50 ETF [1] - The Hang Seng Index's price-to-earnings (PE) ratio is currently fluctuating between 10-11 times, indicating a recovery in valuation levels [2] Group 2: Catalysts for Growth - The recent market adjustment has increased the safety margin for investors, making valuations of core technology assets more attractive [3] - Southbound capital has seen a net inflow of over 1.4 trillion HKD this year, providing strong support for the market and reflecting long-term investment intentions [6] - Improvements in the domestic macroeconomic environment, such as a 0.7% increase in CPI and a 5.7% growth in exports, are expected to catalyze accelerated earnings recovery across various industries [6]

12月16日，港股科网股集体下跌，截至发稿，恒生科技指数跌1.83%，盘中跌破250日均线（年线）。 小鹏汽车-W、金山云跌4%，阿里巴巴跌超3%，小米集团、腾讯控股、比亚迪股份、中芯国际等跌幅居 前。 场内热门ETF方面，港股科技50ETF（159750）跌2.42%，实时成交近5900万，较前一交易日放量；行 情数据显示，盘中获资金踊跃申购。 | 净值走势 | 招商中证香港科技ETF | | 外盘 | 26.76万 内盘 | 31.20万 | | --- | --- | --- | --- | --- | --- | | 委比 | 14.77% 委差 | 11192 | 总额 | 5897.20万 振幅 | 2.03% | | 卖五 | 1.014 | 3万 | 均价 | 1.018 开盘 | 1.030 | | 卖叫 | 1.013 | 6万 | 最高 | 1.030 最低 | 1.009 | | ST V | 1.012 | 157万 | 涨停 | 1.137 跌停 | 0.931 | | 卖 | 1.011 | 127万 | IOPV | 1.0075 溢折率 | 0.15% | | 卖一 | 1. ...

Core Viewpoint - The Hong Kong Technology 50 ETF (159750) has shown a positive performance with a 0.88% increase in value on October 24, 2023, and a significant increase in shares over the past 20 trading days [1] Group 1: Fund Performance - The latest trading volume for the Hong Kong Technology 50 ETF was 123 million yuan [1] - The fund's total shares have increased by 5 million to reach 1.288 billion shares, with a total increase of 302 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 1.472 billion yuan [1] Group 2: Fund Management - The performance benchmark for the Hong Kong Technology 50 ETF is the China Securities Hong Kong Technology Index return (adjusted for exchange rates) [1] - The fund is managed by China Merchants Fund Management Co., Ltd., with Liu Chongjie as the fund manager [1] - Since its establishment on January 26, 2022, the fund has achieved a return of 14.35%, while the return over the past month has been -5.13% [1]

Core Viewpoint - The Hong Kong Technology 50 ETF (159750) experienced a decline of 3.09% on October 13, with a trading volume of 200 million yuan, indicating market volatility in the technology sector [1] Group 1: Fund Performance - The fund's total shares increased by 48 million to reach 1.223 billion, with a total increase of 381 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 1.421 billion yuan [1] - Since its inception on January 26, 2022, the fund has achieved a return of 16.23%, with a one-month return of 1.48% [1] Group 2: Management and Benchmark - The fund is managed by China Merchants Fund Management Co., Ltd., with Liu Chongjie as the fund manager [1] - The performance benchmark for the fund is the China Securities Hong Kong Technology Index return (adjusted for exchange rates) [1]

Market Overview - The Hong Kong stock market is experiencing a downturn, with the Hang Seng Technology Index dropping over 3% and the Hang Seng Index down 2.5% [1] - Notable declines include Sunny Optical Technology and WuXi AppTec, both falling over 7%, while BYD Electronics, Xiaomi Group, and Bilibili saw declines exceeding 6% [1] ETF Performance - The Hong Kong Technology 50 ETF (159750) decreased by 3.93%, with a trading volume of 115 million CNY, and saw a net inflow of nearly 38 million CNY during the session [1][2] Market Sentiment and Analysis - Huatai Securities highlights that the rising global market volatility, driven by discussions around the AI "bubble" and escalating trade tensions, is impacting market conditions [2] - Despite the volatility, the long-term outlook for the technology sector remains relatively unaffected, with structural opportunities expected to emerge post-market correction [2][3] Investment Strategy - The investment approach is shifting from a broad-based speculative strategy to a more discerning selection process, focusing on high-quality technology companies primarily listed in Hong Kong [3] - The capital expenditure (Capex) of non-financial companies has significantly increased, with a year-on-year rise of 12%, indicating a positive cycle for leading firms [3]

Core Viewpoint - The Hang Seng Tech Index has reached a nearly four-year high, attracting significant capital through ETFs, despite being less popular compared to sectors like innovative drugs and computing power [1][2]. Group 1: Market Performance - The Hang Seng Tech Index has shown robust growth, with major stocks like Alibaba and SMIC contributing to its rise [2]. - Year-to-date, the Hong Kong Internet ETF has surged by 53.66%, with its shares increasing from over 30 billion to approximately 90 billion [2]. - The Hang Seng Tech Index's components reported a revenue growth of 14% and a profit growth of 16% year-on-year in Q2, outperforming other sectors in Hong Kong [2][3]. Group 2: Investment Trends - The influx of foreign capital into the Hong Kong market is increasing, driven by the Federal Reserve's interest rate cuts, which are expected to continue [1][5]. - Southbound capital has consistently supported the Hong Kong market, with net purchases exceeding 100 billion for three consecutive months from July to September [5][6]. - The valuation of the Hang Seng Tech Index components remains attractive, with P/E ratios at historical low percentiles, indicating no bubble despite rising global stock valuations [3][4]. Group 3: AI and Growth Potential - The application of AI technology is enhancing profitability for internet giants in advertising, cloud computing, and enterprise services, indicating a positive outlook for these companies [4][5]. - The growth logic for internet companies is shifting due to advancements in AI, suggesting a re-evaluation of their valuation based on new growth opportunities [5][6]. Group 4: Future Outlook - The combination of improved liquidity and upward industry trends is expected to benefit the Hong Kong tech sector, with strategic allocation becoming increasingly valuable [6]. - The anticipated decline in the US dollar and the easing of domestic liquidity constraints may further attract foreign investment into the Hong Kong market [6].

Core Viewpoint - The Hang Seng Technology Index has reached a nearly four-year high, attracting significant capital inflow through ETFs, despite being less popular compared to sectors like innovative drugs and computing power [1][2] Group 1: Market Performance - The Hang Seng Technology Index has shown robust growth, with individual stocks like Alibaba and SMIC contributing to its rise [2] - The Hong Kong Internet ETF has increased by 53.66% year-to-date, with its shares rising from over 30 billion to approximately 90 billion [2] - Eight ETFs focused on the Hong Kong technology sector have seen their shares increase by over 10 billion this year [1][2] Group 2: Fundamental Analysis - The Hang Seng Technology Index has become a "value" choice, with a year-on-year revenue growth of 14% and profit growth of 16% in Q2 [2] - Excluding the impact of the "takeout war," the net profit growth of the index's constituent stocks is 25%, indicating strong performance [2] - The valuation of major companies within the index, such as Tencent, Baidu, and Alibaba, remains reasonable compared to global standards, with P/E ratios around 20, 13, and 17-18 respectively [3] Group 3: AI and Growth Potential - The application of AI technology is expected to significantly enhance the profitability of internet giants in advertising, cloud computing, and enterprise services [3][5] - The growth logic of internet companies is being reshaped by AI advancements, opening new avenues for growth [5] Group 4: Liquidity and Investment Trends - The improvement in liquidity, driven by the Federal Reserve's interest rate cuts, is a key factor in the positive outlook for the Hang Seng Technology Index [6][7] - Southbound capital has consistently supported the Hong Kong market, with net purchases exceeding 1 trillion this year, marking a historical high [6] - The expectation of continued capital inflow into the Hong Kong market is bolstered by the Fed's easing monetary policy [6][7]

Group 1 - The "Second Golden Unicorn Best Investment Advisor Selection" event is currently ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions [1] - The event aims to provide a platform for investment advisors to showcase their capabilities, expand services, and enhance skills, while also facilitating communication between outstanding advisors and the public [1] Group 2 - The top ten ETFs by buy frequency as of September 30 include the Hong Kong Securities ETF, Gaming ETF, and Hong Kong Technology 50 ETF, among others [2] - The top ten ETFs by buy amount include the Hong Kong Securities ETF, Hong Kong Technology 50 ETF, and Hong Kong Innovative Drug ETF, indicating strong investor interest in these sectors [3] Group 3 - The data for the top buy stocks/ETFs is compiled from the most frequently purchased stocks/ETFs by all participating advisors, while the buy amount data reflects the top ten by total investment [4] - The competition includes a performance evaluation segment divided into stock simulation, on-site ETF simulation, and public fund simulation, with specific trading rules regarding holding proportions, maximum drawdown, and rebalancing frequency [4]