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。 港股通恒生科技ETF（520840）业绩比较基准为恒生港股通科技主题指数收益率(经汇率调整)，管理人 为华安基金管理有限公司，基金经理为王超，成立（2025-08-14）以来回报为3.76%，近一个月回报 为-6.01%。 来源：新浪基金∞工作室 10月22日，港股通恒生科技ETF（520840）跌1.97%，成交额1.07亿元。当日份额增加1150.00万份，最 新份额为9.74亿份，近20个交易日份额减少3350.00万份。最新资产净值计算值为10.10亿元。 ...

Group 1 - The "Second Golden Kylin 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, thereby promoting the healthy development of China's wealth management industry [1] Group 2 - The top ten ETFs by buy frequency as of September 29 include the Hong Kong Securities ETF, Hong Kong Bank LOF, and multiple battery ETFs [2] - The top ten ETFs by buy amount include the Hong Kong Securities ETF, battery ETFs, and a robotics ETF, indicating strong investor interest in these sectors [3] - The data for the top buy stocks/ETFs is based on the aggregated buy counts and amounts from all participating advisors, reflecting current market trends [4]

与此同时，该基金最新成交量为2.30亿份，最新成交额达2.53亿元，全市场排名较上一交易日下降18 位。 2025年9月18日，港股通恒生科技ETF（520840.SH）收跌1.36%，主力资金（单笔成交额100万元以上） 净流出529.28万元，居可比基金首位。 ...

港股通恒生科技ETF（520840）业绩比较基准为恒生港股通科技主题指数收益率(经汇率调整)，管理人 为华安基金管理有限公司，基金经理为王超，成立（2025-08-14）以来回报为-0.09%。 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。 来源：新浪基金∞工作室 9月3日，港股通恒生科技ETF（520840）跌0.79%，成交额7655.46万元。当日份额增加300.00万份，最 新份额为11.34亿份。最新资产净值计算值为11.33亿元。 ...

Core Viewpoint - The Hong Kong stock market is experiencing a dual positive funding environment driven by the Federal Reserve's interest rate cut cycle and the influx of mainland capital, leading to a systematic revaluation opportunity for the technology sector [1] Group 1: Federal Reserve Impact - The expectation of "Federal Reserve rate cuts + weaker US dollar" is likely to improve liquidity in the Hong Kong stock market [2] - Historical data shows a significant negative correlation between the Hang Seng Index and the US dollar index, indicating that a declining dollar enhances the attractiveness of non-dollar assets [2][4] - The Federal Reserve is expected to restart rate cuts in September, with predictions of two additional cuts in 2025, which historically correlates with strong performance in the Hong Kong stock market [4][6] Group 2: Influx of Mainland Capital - Since the beginning of the year, net inflows from mainland investors into the Hong Kong stock market have exceeded 950 billion HKD, providing robust liquidity support [6] - The technology sector, including commerce, telecommunications, electronics, media, and computing, has seen the highest net inflows from mainland capital, driven by domestic policies supporting technological innovation and a global recovery in the AI sector [6][9] Group 3: Investment Opportunities - The Hong Kong Stock Connect Hang Seng Technology ETF is positioned to benefit from the dual positive funding environment, focusing on core industries in the technology sector with a high AI content [11] - The index tracking the ETF has a price-to-earnings ratio (PE) lower than 80% of the time over the past five years, indicating a favorable valuation for investors [11]

近期港股科技板块热度持续攀升，资金布局信号明显。据智通财经，8月15日，南向资金成交净买入 358.76亿港元，单日净买入金额创下互联互通机制启动以来的新高；当日沪深两市港股通净买入前五的 个股均为科技板块核心成分股。 中泰证券指出，从板块自身逻辑看，港股科技标的正迎来"估值修复 + 业绩兑现"的双重机遇。当前板块 拥挤度较年初大幅下降，估值仍处于历史相对底部，而盈利能力（ROE）已呈现企稳回升态势，成分股 盈利改善趋势明确，下半年进入业绩兑现周期，形成"成长+回报"兼备的稀缺配置组合。而对比历史估 值中枢，当前板块市盈率处于合理偏低区间。 天风证券认为，南向资金持续结构性流入，持续看好中国AI价值重估行情，建议持续关注互联网、消 费、智能驾驶的产业趋势机会。 东吴证券表示，港股建议自下而上寻找景气行业，部分南向资金已经增配互联网科技权重股票。我们认 为，港股还处在震荡向上趋势中、下行有底，南向资金还有提高仓位潜力。 值得关注的是，港股科技板块相关指数中，恒生港股通科技主题指数（指数代码：HSSCITI）近期明 显走高。据Wind金融终端，8月22日恒生港股通科技主题指数收涨3.59%。拉长时间维度，今年以来 ...