拉长时间看，截至1月6日，创业板ETF天弘(159977)近2周规模增长4.19亿元，近2周份额增长1.06亿份，实现显著增长。 资金流入方面，创业板ETF天弘(159977)近5个交易日合计"吸金"近2亿元。 截至2026年1月7日 14:15，创业板ETF天弘(159977)成交1.64亿元。跟踪的创业板指数(399006)上涨0.21%，成分股南大光电 (300346)上涨19.57%，中伟股份(300919)上涨11.83%，鼎龙股份(300054)上涨11.57%，珂玛科技(301611)上涨9.09%，大族数控 (301200)上涨7.06%。 【机构观点】 东方财富证券指出，春季躁动"抢跑"意味着行情的启动时点前移至上一年的11月或12月，近期春季行情的"抢跑"本质是在政策 预期乐观且景气主线明朗的背景下，由增量资金推动的一次估值上修。 政策预期方面，市场期待较高的中央经济工作会议延续积极定调；宏观流动性层面，全球与国内流动性环境宽松共振；景气线 索方面，市场呈现出科技成长与周期修复多线并进的结构。 资金面，机构和杠杆资金的边际增量入场迹象明显，居民存款搬家可能是重要增量，ETF成为本轮行情重要 ...

今日港股延续上周五涨势，港股科技ETF天弘(159128)跟踪的标的指数近两日涨4.18%，盘中获资金净 申购600万份，近20日合计净流入6.87亿元，恒生科技ETF天弘(520920)跟踪的标的指数同期上涨 3.24%。 恒生科技ETF天弘(520920)紧密跟踪的恒生科技指数，汇集30只港股科技龙头，涵盖互联网平台、半导 体、汽车等核心科技赛道；同时，可通过QDII投资于百度、网易、京东等非港股通上市公司。该 ETF2025年全年净流入额高达101.87亿元。 消息面上： 西部证券最新研报指出，站在2026年的起点，维持对港股尤其是恒生科技的坚定看好，1月2日恒生科技 大涨4%，吹响了反攻的号角。该团队强调人民币升值正在驱动跨境资本回流，港股作为"离岸中国资 产"，有望成为跨境资本回流中国的第一站。 ①上周五港股大涨迎来2026年开门红行情，恒指涨2.76%，恒科指大涨4%，美股的科技股上周五同样表 现亮眼，中概指数大涨4.38%。 ②2026年"科技春晚"消费电子展(CES)1月4日至9日举行来袭，黄仁勋、苏姿丰将发表演讲 ③百度宣布分拆昆仑芯赴港上市，本周智谱、MiniMax、天数智芯等将在港股上市 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the Tianhong Chemical ETF (159133), which saw a turnover of 4.42% and a transaction volume of 26.6075 million yuan, with the underlying index rising by 1.84% to reach a new annual high [1][3] - The Tianhong Chemical ETF has achieved a record high in size at 629 million yuan and a record high in shares at 567 million, with a net inflow of 21.9844 million yuan recently [3] - The chemical sector is characterized by its complexity and rapid rotation, with the Tianhong Chemical ETF tracking 50 leading companies, covering both traditional cyclical sectors and emerging growth areas [3] Group 2 - Recent news indicates that major companies in the lithium iron phosphate industry, including Wanrun New Energy and Hunan Youneng, have announced maintenance and production cuts, with reductions of 35% to 50% planned for January 2026 [3][4] - Research institutions suggest that the collective maintenance in the lithium iron phosphate industry is a response to rising raw material costs, leading to increased operational pressure on companies [4] - The lithium battery supply chain is experiencing a rise in both volume and price, with significant increases in production and prices for lithium carbonate and lithium iron phosphate, indicating a recovery in downstream demand [5]

截至2025年12月30日收盘，港股科技ETF天弘(159128)换手2.52%，成交4081.76万元。跟踪的国证港股通科技指数(987008)强势 上涨1.07%，成分股优必选(09880)领涨，中芯国际(00981)、地平线机器人-W(09660)、华虹半导体(01347)等个股跟涨。 拉长时间看，截至12月30日，港股科技ETF天弘(159128)最新规模达16.52亿元，最新份额达17.91亿份，均创成立以来新高。 资金流入方面，港股科技ETF天弘(159128)自上市次日以来持续净流入累计超11亿元。 【产品亮点】 作为更全面的港股科技投资工具，港股科技ETF天弘(159128)跟踪的国证港股通科技指数，聚焦港股前30大科技核心资产，前十 大成份股合计占比超75%，一键配置AI+智能车+创新药+半导体，不受QDII额度的限制，可T+0交易。 有分析认为，在本轮AI引领科技周期向上的浪潮下，具有稀缺性的港股科技资产基本面更优。展望后市，美联储降息重启，南 向资金有望持续流入，在内外资共振以及AI叙事不断强化的共同催化下，恒生科技估值重构可期。投资者或可通过恒生科技 ETF天弘(520920)一键布局 ...

Group 1 - The core viewpoint of the news highlights the performance of the ChiNext ETF Tianhong (159977), which has seen significant capital inflow despite a decline in the ChiNext Index (399006) by 1.78% [1][2] - As of December 18, 2025, the trading volume of the ChiNext ETF Tianhong reached 161 million yuan, with a notable subscription of 40 million shares [1][2] - The ETF has experienced a growth of 1.26 billion yuan in the past week and an increase of 10.62 billion shares over the last six months, indicating strong demand [2] Group 2 - The ChiNext ETF Tianhong tracks a diverse index that includes high-growth sectors such as pharmaceuticals, new energy, computing power, and brokerage, which are expected to benefit from trends like innovation in pharmaceuticals and strong demand for AI computing power [2] - The current Price-to-Earnings (PE) ratio of the index is 40.51, which is in the relatively undervalued zone at the 33.79% historical percentile since its inception, suggesting attractive investment value [2] - The launch of humanoid robots in CATL's battery production line marks a significant milestone in the application of embodied intelligence in smart manufacturing [4] Group 3 - Institutional views suggest that the market is currently in a high-level consolidation phase, with expectations for a structural bull market in 2026, favoring cyclical and value styles in the first half of the year [4][5] - The economic environment for 2026 is expected to be more balanced and stable, supporting a positive trend in the equity market [5]

截至2025年12月12日收盘，港股科技ETF天弘(159128)换手4.01%，成交5232.10万元。跟踪的国证港股通科技指数(987008)强势 上涨1.77%，成分股商汤-W(00020)、康方生物(09926)、瑞声科技(02018)、中兴通讯(00763)等涨幅居前。 截至12月12日，港股科技ETF天弘(159128)最新规模达13.12亿元，创成立以来新高。港股科技ETF天弘(159128)近1周份额增长 2.20亿份，实现显著增长。 从资金净流入方面来看，港股科技ETF天弘(159128)近21天获得连续资金净流入，合计"吸金"7.60亿元。 恒生科技ETF天弘(520920)紧密跟踪恒生科技指数，精准聚焦港股科技龙头企业。通过 QDII 机制，该 ETF 还可投资网易、京 东、携程等未纳入港股通的优质科技上市公司。 【热点事件】 1、腾讯、小米领衔，港股回购持续升温！ 据Wind数据，今年11月份，港股市场上市公司合计回购股份数量超过7亿股，而8月份至10月份，港股市场每月回购股份数量分 别为2.6亿股、5.3亿股和5.3亿股。 值得一提的是，港股此轮回购潮中，龙头科技公司的带头引领作用更 ...

截至2025年12月11日 09:35，港股科技ETF天弘(159128)跟踪的国证港股通科技指数(987008)上涨0.69%，成分股药明生物(02269) 上涨2.44%，康方生物(09926)上涨2.31%，金蝶国际(00268)上涨2.15%，哔哩哔哩-W(09626)上涨1.65%，百济神州(06160)上涨 1.53%。 从资金净流入方面来看，港股科技ETF天弘(159128)近19天连续获得资金净流入，合计"吸金"6.77亿元。 恒生科技ETF天弘(520920)成交763.94万元。跟踪的恒生科技指数(HSTECH)上涨0.57%，成分股金蝶国际(00268)上涨2.15%，哔 哩哔哩-W(09626)上涨1.65%，华虹半导体(01347)上涨1.45%，比亚迪电子(00285)上涨1.11%，腾讯控股(00700)上涨1.08%。 截至12月10日，恒生科技ETF天弘(520920)最新规模达88.96亿元，最新份额达102.19亿份，均创成立以来新高。 从资金净流入方面来看，恒生科技ETF天弘(520920)近30天连续获得资金净流入，最高单日获得1.91亿元净流入，合计"吸 金"53. ...

Group 1 - The core viewpoint of the news highlights the significant growth in the Securities ETF (159841), with a turnover of 5.38% and a transaction volume of 578 million yuan as of December 5, 2025, alongside a strong performance of the underlying index, which rose by 2.54% [1] - The Securities ETF has seen a notable increase in scale, growing by 19.2 million yuan over the past two weeks and 514 million shares in the last month, reaching a total of 9.999 billion shares [1] - In terms of capital inflow, the Securities ETF attracted a total of 562 million yuan over the last 20 trading days, indicating strong investor interest [2] Group 2 - The Securities sector is characterized by a strong beta attribute, closely linked to the performance of the capital market, and is often referred to as the "flag bearer of bull markets" [3] - A recent notification from the National Financial Regulatory Administration aims to enhance the role of insurance funds as "patient capital," which is expected to further open up space for insurance capital in the market [4] - The notification includes adjustments to risk factors for insurance companies, such as reducing the risk factor for stocks held over three years from 0.3 to 0.27, which is anticipated to encourage long-term investments and positively impact the capital market [5][7] Group 3 - According to Zhongyuan Securities, the overall performance of the equity market is expected to remain relatively strong in 2026, with the securities industry continuing to be in an upward cycle [8] - It is anticipated that the brokerage sector will experience wide fluctuations in 2026, with leading listed brokerages likely to play a pivotal role during the next market rally [8]

Core Insights - The Hong Kong Technology ETF Tianhong (159128) has seen a turnover of 6.85% and a transaction volume of 60.69 million yuan as of December 1, 2025, with the underlying index rising by 0.45% [1] - The fund has achieved a new high in size at 920 million yuan and shares at 961 million, with a net inflow of 326 million yuan over the past 12 days [1] - The Hang Seng Technology ETF Tianhong (520920) also reported a turnover of 6.14% and a transaction volume of 466 million yuan, with its size reaching 7.759 billion yuan and shares at 8.819 billion, both new highs [1] Fund Performance - The Hong Kong Technology ETF Tianhong (159128) has consistently attracted net inflows, totaling 326 million yuan over the last 12 days [1] - Since its launch, the Hang Seng Technology ETF Tianhong (520920) has accumulated net inflows of 4.172 billion yuan [2] Market Outlook - Analysts suggest that the current AI-driven technology cycle presents a favorable environment for Hong Kong technology assets, with expectations of continued inflows from southbound capital as the Federal Reserve may resume interest rate cuts [3] - The Hang Seng Technology ETF Tianhong (520920) closely tracks the Hang Seng Technology Index, focusing on the top 30 Hong Kong technology companies across key sectors [3] Recent Developments - Alibaba's 1688 platform has launched an AI-powered cross-border e-commerce agent named "Ao Xia," which automates various supply chain processes, indicating a shift towards international markets for domestic manufacturers [4] - The platform's cross-border business has seen significant growth, with annual transaction volume exceeding 200 billion yuan [4] Institutional Perspectives - Recent policies from mainland China aimed at enhancing consumer goods supply and demand have positively impacted the valuation expectations for technology and consumer companies listed in Hong Kong [5] - The technology growth sector is anticipated to remain a market focus, supported by government initiatives promoting technological self-sufficiency [5]

Core Insights - The Hong Kong Technology ETF Tianhong (159128) has seen a turnover of 6.85% with a transaction volume of 60.69 million yuan, while the tracked National Index of Hong Kong Stock Connect Technology (987008) rose by 0.45%, led by ZTE Corporation (00763) [1] - The Hong Kong Technology ETF Tianhong (159128) has reached a new high in size at 920 million yuan and shares at 961 million as of December 1 [1] - The Hong Kong Technology ETF Tianhong (520920) has also achieved a new high in size at 7.759 billion yuan and shares at 8.819 billion, with a turnover of 6.14% and transaction volume of 466 million yuan [2] Fund Performance - The Hong Kong Technology ETF Tianhong (159128) has experienced continuous net inflows for 12 days, totaling 326 million yuan [2] - The Hong Kong Technology ETF Tianhong (520920) has accumulated net inflows of 4.172 billion yuan since its listing [2] Market Outlook - Analysts suggest that the current AI-driven technology cycle presents a favorable outlook for Hong Kong technology assets, with expectations of continued inflows from southbound capital as the Federal Reserve may restart interest rate cuts [3] - The Hong Kong Technology ETF Tianhong (159128) allows investors without a Hong Kong Stock Connect account to easily invest in core Chinese AI assets [3] Industry Developments - Alibaba's 1688 platform has launched an AI smart agent "Ao Xia," which automates the entire process of cross-border e-commerce, indicating a shift towards digital solutions in supply chain management [4] - The cross-border business of 1688 has seen significant growth, with annual transaction volume exceeding 200 billion yuan [4] Institutional Perspectives - Zhongtai Securities highlights that the recent performance of the Hong Kong technology sector is driven by improved sentiment and policy expectations in the mainland market, with government policies enhancing the valuation outlook for mainland technology and consumer companies listed in Hong Kong [5] - The push for technological self-reliance by the government is expected to keep the technology growth sector as a market focus, with potential structural opportunities arising from the development of Hong Kong's biotechnology industry [5]