③港股在国庆期间仅休市两天（10月1日和10月7日），华泰证券统计历史发现，长假期间港股普遍上 涨。恒生指数上涨概率86.7%，涨幅中位数为2.1%。 近期中国大厂的AI战略越发清晰，光大证券研报认为，港股整体盈利能力相对较强，同时互联网、新 消费、创新药等资产相对稀缺，叠加整体估值仍然偏低，在AI产业趋势持续发展，以及美联储降息周 期开启背景下，港股市场未来或许将继续震荡上行。 港股通科技ETF南方(159269)跟踪紧密跟踪中证港股通科技指数，均衡覆盖在互联网、汽车创新药、半 导体等核心产业，该ETF自7月25日以来获资金"只进不出"，合计净流入超12.97亿元，最新规模为16.84 亿元，上市两个月时间份额飙涨97.55%。值得一提的是，该ETF的管理费率+托管费率 为"0.3%+0.05%"，成本为同类最低。 港股高开高走，恒生科技指数涨超1%，截至10:07，港股通科技ETF南方(159269)涨1.4%，盘中获资金 净申购2800万份，7月10日至今累计上涨22%。 消息面上：AI应用迎来诸多催化剂：①OpenAI将发布新版Sora视频生成器，新版本将生成受版权保护 的素材视频。 ②DeepSee ...

今日半导体+科网股联袂上攻点燃港股科技股，截至13:20，恒生科技指数涨1.61%，阿里巴巴涨6.65% 续创近4年新高，中芯国际、华虹半导体涨超5%，带动港股通科技ETF南方(159269)、香港科技ETF (159747)分别涨1.69%和1.5%。 消息面上: 1、阿里巴巴CEO吴泳铭在今日的2025云栖大会上，首提"超级人工智能"，且表示将积极推进3800亿的 AI基础设施建设，并计划追加更大的投入。 2、有"科技女股神"之称、方舟投资行政总裁伍德(Cathy Wood)时隔4年重新买入阿里巴巴，旗下两只 ETF周一共同购入阿里巴巴ADR，总值约1630万美元。 3、半导体产业链全线井喷，一方面是存储器芯片涨价，业界传出台积电末代3纳米制程CPU价格上涨， 加上上海微电子展示最新设备及长川科技三季报大幅预喜进一步提升情绪。 香港科技ETF (159747)紧密跟踪的中证香港科技指数是港股市场上唯一一只实现阿里、腾讯、百度、中 芯国际、比亚迪，以及未被纳入港股通的百度等中国科技十杰"Terrific 10"全覆盖的指数，聚焦AI+半导 体、新能源汽车、创新药等中国核心科技赛道。没有证券账户的，也可以关注 ...

Group 1 - The Hong Kong stock market showed strong performance, with the Hang Seng Index rising by 1% and the Hang Seng Tech Index increasing by 2.76%, driven by significant gains in stocks like Baidu, which surged by 12%, and Alibaba, which rose by 4.5%, reaching a market capitalization of 3 trillion HKD [1] - A strategic cooperation framework agreement was signed between China Merchants Group and Baidu on September 15, focusing on collaboration in AI technologies, cloud computing, and various sectors including technology innovation, logistics, and finance [1] - Reports indicate that Jack Ma's return is boosting Alibaba's focus on artificial intelligence and its dominance in the food delivery market, with Goldman Sachs highlighting a surge in enterprise-level AI model token consumption, positioning Alibaba as a key beneficiary [1] - As of September 16, southbound funds have continuously net bought Alibaba for 18 days, totaling approximately 49.84 billion HKD [1] - SMIC is reportedly testing China's first domestically produced DUV lithography machine, indicating advancements in the semiconductor industry [1] - The probability of a 25 basis point rate cut by the Federal Reserve tomorrow stands at 96.1%, which is favorable for liquidity in the Hong Kong stock market [1] Group 2 - The Hong Kong Technology ETF (159747) closely tracks the CSI Hong Kong Technology Index, which is the only index in the Hong Kong market that fully covers major Chinese tech companies like Alibaba, Baidu, and SMIC, focusing on sectors such as AI, semiconductors, and new energy vehicles [2] - The Southbound Technology ETF (159269) tracks the CSI Hong Kong Stock Connect Technology Index, providing balanced coverage in core industries like the internet, automotive innovation, and pharmaceuticals, with a cumulative increase of 18.5% since its launch on July 10, outperforming similar products by 1.07% [2] - The Southbound Technology ETF (159269) has seen continuous inflows since July 25, with a total net inflow of 972 million HKD, and its shares have grown by over 59% in just two months [2] - The management and custody fee rate for the ETF is set at a competitive "0.3% + 0.05%", making it the lowest cost among similar products [2]

Group 1 - US stock indices collectively declined overnight, while the China concept index surged by 1.76% [1] - Hong Kong's three major indices opened higher, with the Hang Seng Index rising by 0.44%, the National Index by 0.52%, and the Hang Seng Tech Index by 0.91% [1] - Major technology stocks in Hong Kong saw significant gains, with Baidu up nearly 7%, JD.com up 3%, and Alibaba up 2.74% [1] Group 2 - Biopharmaceutical stocks continued to perform well, with Baize Medical rising nearly 15%, and other companies like Rongchang Bio, WuXi AppTec, and Genscript also showing gains [1] - Various sectors including port and shipping stocks, autonomous driving concepts, tourism, semiconductor, and aviation stocks experienced upward movement [1] - Conversely, local Hong Kong bank stocks, nuclear power stocks, paper industry stocks, and gold stocks mostly declined [1] Group 3 - Alibaba's performance significantly influenced the Hong Kong market, with the Hong Kong Technology ETF (159747) and the Hang Seng Index ETF (513600) both rising over 1% [1] - The Hong Kong market has seen a four-day rally, surpassing the 26,000-point mark, with accelerated capital inflow into the Hang Seng Tech Index ETF (159742), which attracted over 800 million in the last 20 days [1] - Year-to-date, the Hang Seng Tech ETF and the Hang Seng Technology ETF from E Fund have both increased by over 28%, with net inflows exceeding 49 billion into the Hang Seng Technology ETF [1]

今日港股再创阶段新高，恒指涨1.63%，恒生科技指数涨2.48%，其中百度大涨超12%，创2024年1月以 来新高，阿里巴巴涨6.5%，带动香港科技ETF (159747)盘中涨2%，港股通科技ETF南方(159269)涨 1.49%，H股ETF(159954)和恒生指数ETF(513600)涨超1%。 消息面上： ③南下资金昨日净买入港股189亿港元，已连续15日净买入阿里巴巴，共计371亿港元。 ④美国8月CPI大致符合预期，通胀形势未恶化，市场继续预期美联储9月降息。 香港科技ETF (159747)紧密跟踪的中证香港科技指数是港股市场上唯一一只实现阿里、百度等中国科技 十杰"Terrific 10"全覆盖的指数，且权重占比超过7成。没有证券账户，也可以关注港股科技含量同样浓 郁的场外基金：南方恒生科技指数发起（QDII）（A类：020988；C类：020989），一键配置港股AI 牛。 港股通科技ETF南方(159269)跟踪紧密跟踪港股通科技指数，均衡覆盖在港股互联网、港股汽车及港股 创新药、半导体等核心产业，该ETF自7月25日以来获资金"只进不出"，合计净流入额高达9.5亿元，上 市两个月时间份 ...

Group 1 - Alibaba's stock surged by 17%, significantly impacting Hong Kong's tech stocks, with the Hang Seng Index ETF and Hong Kong Tech ETF both rising over 1% [1] - Alibaba's Q2 performance highlighted user growth driven by Taobao flash sales, with cloud revenue increasing by 26% year-on-year and AI-related revenue maintaining triple-digit growth for the eighth consecutive quarter [1] - Alibaba's capital expenditure in Q2 reached 38.6 billion, and the company announced the development of a new generation of AI chips to be manufactured by domestic firms [1] Group 2 - The Hong Kong Tech ETF has seen net subscriptions for 17 out of the last 20 days, while the Hang Seng Index ETF experienced net subscriptions on 15 days, with the latest scale growing to 2.635 billion [2] - Recent financial reports from Tencent and Alibaba confirm AI-driven performance growth, alongside increased investments in AI infrastructure, suggesting a potential new round of value reassessment for Hong Kong tech giants [2]

Group 1 - The Hang Seng Index rose by 2%, reaching a new high since 2021, while the Hang Seng Tech Index increased by over 3.06% [1] - The Hong Kong Stock Connect saw a net inflow of HKD 5.16 billion last Friday, with continued net buying of over HKD 900 million in the morning session [1] - Major companies like China Telecom, JD Logistics, and Pop Mart were included in the Hang Seng Index's quarterly review [1] Group 2 - Haitong International noted that Hong Kong tech companies are becoming more competitive in the AI sector, with leading firms increasing their capital expenditure in AI [2] - The potential for foreign capital inflow in Hong Kong stocks may exceed expectations due to the Federal Reserve's potential interest rate cuts [2]

Group 1 - Hong Kong technology stocks experienced a strong rally after three days of consolidation, with notable gains in companies such as Hua Hong Semiconductor (over 11% increase), XPeng Motors, and Center Communications (both over 10% increase) [1] - The Southbound Technology ETF (159269) rose by 2.46%, while the Hong Kong Technology ETF (159747) increased by 1.72% [1] - The Southbound Technology ETF has seen a net inflow of funds for seven consecutive days, with a total of 2.12 billion yuan in net subscriptions over the past 20 days, indicating strong investor interest [1] Group 2 - The Hong Kong Technology ETF (159747) tracks an index that covers major technology stocks including Tencent, Alibaba, Xiaomi, and JD.com, with these stocks accounting for over 70% of the index [2] - A report from the chief strategist team at Industrial Securities suggests that global investors, particularly from China, are increasingly optimistic about the Chinese stock market, predicting a long-term bullish trend for Hong Kong stocks [2] - August is identified as an opportune time for investing in internet stocks according to the same report [2]

今日港股小幅下挫，港股通科技ETF南方(159269)盘中获资金逆势净申购1200万份，近10个交易日有7日 迎资金净流入。资金持续流入的背后得益于多个因素：①截至8月7日，今年以来南向资金累计净流入 8945.28亿港元，大幅超过去年全年净买入额。②上周美国非农数据显示经济放缓迹象，强化市场对美 联储将通过降息"稳增长"的押注，推动全球风险偏好修复。③经济学家洪灏近期表示如果上半年看到历 史性的北水南下，预示着下半年港股应该还有新高，叠加下半年可能随着美联储同步降息，流动性将更 加充沛。④港股通科技ETF南方(159269)第一大权重股腾讯将于下周三（8月13日）披露2025年中期业 绩，机构普遍看好其二季度业绩。⑤港股通科技ETF南方(159269)跟踪的指数港股通科技最新PE （TTM）为23.84倍，位于近十年40.31%历史分位。方正证券指出，驱动本轮港股走强的因素并未出现 反转，我国经济基本面韧性强，当前处于盈利下行周期尾声阶段，叠加一系列政策利好出台，南下资金 仍在持续加速流入港股市场，流动性环境整体较为友好，后续有望进一步流入推动港股行情向好前进。 ...

Group 1 - The Hong Kong stock market experienced a slight decline, but the Southbound Technology ETF (159269) saw a net subscription of 12 million units, with 7 out of the last 10 trading days showing net inflows [1] - As of August 7, Southbound funds have recorded a cumulative net inflow of 894.528 billion HKD this year, significantly surpassing the total net buying amount for the entire previous year [2] - Recent U.S. non-farm payroll data indicated signs of economic slowdown, reinforcing market expectations that the Federal Reserve may lower interest rates to "stabilize growth," which has improved global risk appetite [2] Group 2 - Economist Hong Hao noted that the historic influx of Northbound capital in the first half of the year suggests that the Hong Kong stock market may reach new highs in the second half, especially with potential synchronized interest rate cuts by the Federal Reserve, leading to increased liquidity [2] - The largest holding in the Southbound Technology ETF, Tencent, is set to announce its mid-2025 earnings on August 13, with institutions generally optimistic about its second-quarter performance [2] - The latest price-to-earnings ratio (TTM) for the index tracked by the Southbound Technology ETF is 23.84, which is at the 40.31% historical percentile over the past decade [2] Group 3 - According to Founder Securities, the factors driving the recent strength in the Hong Kong stock market have not reversed, with strong economic fundamentals in China and the current phase being the end of a profit downturn, alongside a series of favorable policies leading to continued acceleration of Southbound capital inflows [2] - The overall liquidity environment remains friendly, with expectations for further inflows to support the positive momentum in the Hong Kong stock market [2]