Core Viewpoint - The article discusses the current state of the bond market amidst fluctuations in the stock market, emphasizing a long-term low interest rate environment and its implications for investment strategies in bonds and equities [1][2]. Group 1: Bond Market Analysis - The bond market experienced a decline, with 30-year government bonds dropping over 3 basis points, influenced by the cooling stock market and external interventions affecting bond futures [1][2]. - The article argues that the low interest rate environment is expected to persist, suggesting that there is no significant upward pressure on interest rates in the medium to long term [4][6]. - It highlights that government bonds saw a substantial increase in issuance, with a reported 7.656 trillion yuan in new government bonds in the first half of the year, marking a year-on-year growth of 21.3% [8][12]. Group 2: Investment Strategies - The article advises investors to align their investment choices with their risk tolerance, suggesting that low-risk funds should consider short-term bond funds and fixed-income products as viable options [15]. - It emphasizes maintaining a balanced portfolio between stocks and bonds, indicating that a diversified approach remains a cost-effective strategy [16]. - The article also encourages embracing high-quality equity investments in a low interest rate environment, while recognizing the challenges in identifying and diversifying quality stocks [16]. Group 3: Market Trends and Insights - The article notes the ongoing volatility in the Hong Kong stock market, particularly highlighting the decline of Meituan's stock, which has reached a new low for the year [19]. - It discusses the launch of a new technology-focused ETF by Huaxia, aimed at capturing opportunities in the tech sector amidst market fluctuations [21][22]. - The article concludes with a mention of a global asset allocation strategy that remains open for investment, despite recent market downturns [25].

港股通科技ETF基金（认购代码：159101）密切跟踪国证港股通科技指数，涵盖小米集团、腾讯控股、 阿里巴巴、美团、比亚迪股份、中芯国际、百济神州等科技龙头，前五大成分股权重占比57%，前十大 成分股占比77%，锐度高，覆盖广，"软硬件+新消费+创新药+造车新势力"一站式配齐，是投资者一键 布局中国科技领军企业的优质工具。 2024年港股科技龙头迎来企业业绩拐点。监管常态化、游戏版号恢复发放、美联储降息开启、企业降本 增效并开拓新的增长曲线，港股科技板块收入增速修复并逐渐稳定在15%左右，利润增速转正并频频有 超预期表现，基本面修复、市场情绪回暖驱动了新一轮港股科技行情。 科技龙头企业具备较深的护城河与竞争优势。科技龙头如腾讯、阿里、美团等依托长期生态建设，在内 容、平台、支付、物流、硬件及后端制造等链条深度协同，形成显著竞争壁垒；而小米、百度、京东等 企业在AI、大数据与云基础设施持续投入，共同推动技术和产品创新（如智能驾驶、IoT、内容推荐 等）落地。这些企业的业务模式具备高现金流转化率与生命周期绑定优势，同时实现盈利持续增长。 ...

资金潮涌香江，港股核心资产备受关注。 今年以来，港股科技板块凭借估值优势与成长确定性，率先引领中国资产价值重估，成为全球资金增配中国科技的核心标 的。今年上半年，南向资金累计净流入港股超6870亿港元，下半年还在加速。8月15日，南向资金净买入354.23亿港元，今年 以来南向资金累计净流入超9000亿港元，创年度净流入额历史新高，显著超过2024年净流入的8078.69亿港元。港股主题ETF 净申购额也超过千亿元。 在此背景下，华夏国证港股通科技交易型开放式指数证券投资基金 （简称：港股通科技 ETF 基金，代码：159101） 于 8 月 18 日起重磅发售，该指数通过紧密跟踪国证港股通科技指数（代码：987008），为投资者提供了一键布局港股科技龙头的便 捷工具。 最猛赛道，港股主题ETF"吸金"强劲 今年港股通ETF市场迎来历史性突破，规模节节攀升，各类资金争相涌入，可谓是市场"新宠"。尤其是7月以来，有超500亿元 资金涌入港股主题ETF，今年以来的净申购额更是突破千亿元大关。统计数据显示，今年前7个月，港股主题ETF净申购额达 1025亿元。其中大部分通过港股通渠道流 入。 今年以来，南向资金成为 ...