中泰证券认为，往后看指数震荡偏强，春季行情可期。春季行情可期，且更可能围绕景气产业点状演 绎。当前宏观环境仍处边际修复阶段，金融环境中性偏松，而科技产业趋势持续强化。基于"弱经济、 强产业"的历史范式，我们认为本轮春季行情更倾向围绕具备高景气度的优势产业展开结构性机会。 港股科技ETF天弘（159128）紧密跟踪港股通科技指数，成分股均属于沪深港通标的，不受QDII额度的 限制，可T+0交易，该ETF还配备了场外基金联接A（024885）联接C（024886）。 消息面上，MiniMax港股IPO申购正式收官。根据券商数据，MiniMax此次IPO孖展金额最终录得超2533 亿港元，公开发售部分超额认购倍数高达1209倍，将于1月9日正式登陆港股资本市场。 昨日（1月6日），港股市场震荡上涨，截至收盘，国证港股通科技指数涨0.76%收获三连阳，成分股 中，商汤-W涨近6%，零跑汽车、京东健康、同程旅行、小鹏汽车-W等股领涨。 相关ETF中，截至昨日收盘，港股科技ETF天弘（159128）成交额近4300万元。资金流向上，Wind金 融终端数据显示，该ETF近期持续获资金布局，截至1月5日，近20日累计"吸金" ...

来源：新浪基金∞工作室 12月30日，港股科技ETF天弘（159128）涨0.55%，成交额4081.76万元。当日份额增加2400.00万份，最 新份额为17.91亿份，近20个交易日份额增加7.55亿份。最新资产净值计算值为16.52亿元。 港股科技ETF天弘（159128）业绩比较基准为国证港股通科技指数收益率(经估值汇率调整)，管理人为 天弘基金管理有限公司，基金经理为沙川、洪明华，成立（2025-10-31）以来回报为-7.77%，近一个月 回报为-3.39%。 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。 ...

12月30日，港股午后持续走强，半导体、机器人等板块涨幅居前。热门指数方面，恒生科技指数涨超 2%，成分股中，百度集团-SW涨超8%，地平线机器人-W、中芯国际、华虹半导体等股领涨；国证港股 通科技指数涨超1.3%，成分股中，优必选涨超9%，舜宇光学科技、商汤-W等股领涨。 相关ETF中，截至发稿，港股科技ETF天弘（159128）成交额超3200万元，盘中获净申购2800万份。资 金流向上，Wind金融终端数据显示，该ETF昨日获资金净流入超2300万元。 此外，恒生科技ETF天弘（520920）成交额超2.5亿元。该ETF昨日同样获资金净流入，"吸金"超1.7亿 元。 消息面上，港股"大模型Data Agent第一股"迅策科技今日正式上市。港交所文件显示，迅策科技发售价 为48港元/股（约合人民币43.24元/股），市值为155亿港元（约合人民币139亿元）。值得一提的是，广 西腾讯创业投资有限公司持股占已发行普通股比例达5.59%。 银河证券表示，国内外货币政策宽松背景下，外资和南向资金均有望继续保持净流入趋势。在加快科技 创新、扩大内需等利好政策带动下，港股上市公司盈利水平有望实现实质性提升，市场将迎 ...

12月29日，港股科技ETF天弘（159128）跌0.54%，成交额7329.17万元。当日份额增加2500.00万份，最 新份额为17.67亿份，近20个交易日份额增加8.06亿份。最新资产净值计算值为16.13亿元。 来源：新浪基金∞工作室 港股科技ETF天弘（159128）业绩比较基准为国证港股通科技指数收益率(经估值汇率调整)，管理人为 天弘基金管理有限公司，基金经理为沙川、洪明华，成立（2025-10-31）以来回报为-8.69%，近一个月 回报为-4.36%。 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 Viewpoint - The Hong Kong Technology ETF Tianhong (159128) experienced a decline of 1.57% on December 9, with a trading volume of 63.8851 million yuan [1] Fund Performance - The fund's latest share count increased by 55 million to a total of 1.275 billion shares, with a total increase of 630 million shares over the past 20 trading days [1] - The latest net asset value is calculated at 1.199 billion yuan [1] - Since its establishment on October 31, 2025, the fund has returned -5.95%, while the return over the past month is -5.68% [1] Management Information - The fund is managed by Tianhong Fund Management Co., Ltd., with fund managers Sha Chuan and Hong Minghua [1] - The performance benchmark for the fund is the National Index Hong Kong Stock Connect Technology Index return (adjusted for valuation exchange rate) [1]

12月9日，港股震荡走低，相关ETF中，港股科技ETF天弘（159128）截至发稿跌1.67%，成交额超3600 万元，溢折率0.24%，盘中频现溢价交易，Wind金融终端数据显示，该ETF实时净申购达3000万份。 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。 中银国际表示，近期股市剧烈波动，投资者应保持定力，不易过度担忧，牛市中股市出现调整属于正常 现象，短期震荡不改港股上行趋势。 此外，恒生科技ETF天弘（520920）截至发稿跌1.58%，成交额超2.4亿元，溢折率0.58%，盘中亦频现 溢价交易。 值得一提的是，恒生科技ETF天弘（520920）昨日同样获资金净流入，拉长时间线看，该ETF已连续28 个交易日获资金净流入，累计"吸金"超50亿元。 港股科技ETF天弘（159128）紧密跟踪港股通科技指数，成分股均属于沪深港通标的，不受QDII额度的 限制，可T+0交易，该ETF还配备了场外基金联接A（024885）联接C（024886）。 成分股中，地平线机器人-W、药明生物涨 ...

Group 1 - The Hong Kong technology sector experienced a decline, with the Hang Seng Technology Index falling by 0.37% and the Hong Kong Stock Connect Technology Index down by 0.42% as of the close on December 2 [1] - Notable gainers among constituent stocks included BYD Company, Lenovo Group, which both rose over 2%, while other stocks like BYD Electronics, Midea Group, Alibaba-W, Xiaomi Group-W, NetEase-S, Kuaishou-W, and Baidu Group-SW also saw increases [1] - The Hong Kong Technology ETF Tianhong (159128) recorded a net subscription of 75 million units yesterday, with a total trading volume exceeding 50 million yuan [1] Group 2 - The Tianhong Hang Seng Technology ETF (520920) closely tracks the Hang Seng Technology Index, focusing on leading technology companies in Hong Kong [2] - The ETF utilizes the QDII mechanism to invest in high-quality technology companies not included in the Hong Kong Stock Connect, such as NetEase, JD.com, and Trip.com [2] - Recent reports indicate that the market is nearing a "bad news fully priced" state, with core risk points impacting the profitability of the Hong Kong internet sector having been sufficiently released during the recent corrections [2]

Core Viewpoint - The Hong Kong Technology ETF Tianhong (159128) experienced a decline of 0.73% on December 2, with a trading volume of 51.48 million yuan, indicating a challenging market environment for technology-focused investments [1] Fund Performance - The latest share count for the Hong Kong Technology ETF Tianhong is 1.036 billion shares, with an increase of 75 million shares on the same day [1] - The latest net asset value of the fund is 988 million yuan [1] - Since its inception on October 31, 2025, the fund has recorded a return of -4.62%, with the same return noted over the past month [1] Management Information - The fund is managed by Tianhong Fund Management Co., Ltd., with fund managers Sha Chuan and Hong Minghua overseeing its operations [1] - The performance benchmark for the fund is the National Index Hong Kong Stock Connect Technology Index return (adjusted for valuation exchange rate) [1]

Group 1 - The Hong Kong Technology ETF Tianhong (159128) experienced a decline of 1.24% on November 27, with a trading volume of 75.28 million yuan [1] - The fund's shares increased by 45 million, bringing the total shares to 897 million [1] - The latest net asset value of the fund is calculated to be 856 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Technology ETF Tianhong is the National Index of Hong Kong Stock Connect Technology Index return (adjusted for valuation exchange rate) [1] - The fund is managed by Tianhong Fund Management Co., Ltd., with fund managers Sha Chuan and Hong Minghua [1] - Since its establishment on October 31, 2025, the fund has recorded a return of -4.51% [1]

Group 1 - The Hong Kong stock market is experiencing fluctuations, with the National Index of Hong Kong Stock Connect Technology down by 0.54% as of the report date [1] - Notable performers among the index constituents include Kangfang Biotech rising over 4%, Li Auto increasing over 3%, and Xiaomi Group-W up nearly 3% [1] - The Tianhong Hong Kong Stock Technology ETF (159128) saw a net subscription of 45 million units on the reporting day, continuing a trend of net inflows for nine consecutive trading days, totaling 222 million yuan [1] Group 2 - The Tianhong Hang Seng Technology ETF (520920) recorded a trading volume of 287 million yuan, with a real-time premium rate of 0.31% [2] - This ETF has accumulated a net inflow of 3.265 billion yuan throughout November, indicating strong investor interest [2] - The ETF closely tracks the Hang Seng Technology Index and allows investment in quality tech companies not included in the Hong Kong Stock Connect through the QDII mechanism [2] Group 3 - Dongwu Securities suggests that short-term risk factors for the Hong Kong stock market are decreasing, but a catalyst is needed for a confirmed rebound [3] - The expectation of a potential interest rate cut by the Federal Reserve in December could positively impact the Hong Kong stock market [3] - The current market position is seen as attractive for medium to long-term allocation, despite ongoing macroeconomic and geopolitical risks [3]