此外，该机构认为，在中美－马来西亚会晤大概率不会显著升级的背景下，维持指数偏强势不变， 建议重点关注科技股内部的切换，核心主线包括中国在全球拥有优势的AI+方向（如机器人、端侧AI、 恒生科技龙头等）以及"反内卷"相关赛道（如多晶硅、光伏组件）。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 相关ETF： 港股科技方向：恒生科技指数ETF（513180），支持T+0交易，"硬科技+新消费"双轮驱动； A股科 技方向：科创创业50ETF（159783），聚焦"20CM"高弹性，覆盖通信设备、电池、光伏设备等热门科 技板块。 10月24日，AH两市全线回暖。A股方面，创成长、科创创业50等主流科技指数午后涨超4%，存储 器、电路板等概念板块活跃，AI算力硬件股悉数反弹。港股方面，三大指数悉数上涨，恒生科技午后 涨幅再度拉大，华虹中芯国际、ASMPT等股强势上扬，阿里巴巴、快手等科网股 ...

相关ETF： 港股科技方向：恒生科技指数ETF，支持T+0交易，"硬科技+新消费"双轮驱动； A股科技方向：科创创业50ETF，聚焦"20CM"高弹性，一指布局双创板块龙头。 10月24日早盘，AH两市集体回暖。港股方面，半导体板块大幅走强，华虹半导体、ASMPT、中芯国际 等芯片股表现强劲，其中华虹半导体一度涨超10%。A股方面，存储芯片概念早盘活跃，江波龙、澜起 科技等概念股集体上涨。主流ETF方面，科创创业50ETF、恒生科技指数ETF等悉数上涨。 消息面上，重磅会议于10月20日至23日在北京举行，会议公报明确提出"加快高水平科技自立自强，引 领发展新质生产力"的战略目标。与十九届相比，本次会议提及"科技"的次数显著增加，从2次增加到10 次，反映出科技自立自强在"十五五"规划中的战略地位大幅提升。 中泰证券解读认为，本次全会的核心精神是以科技创新破结构瓶颈、以效率改革对冲内卷压力、以高质 量发展实现长期稳增长。对资本市场而言，这既是产业结构重定价的起点，也是中长期科技成长与高端 制造板块的战略布局窗口。 ...

华创证券指出，近期恒生科技调整幅度较深，核心公司2026年估值水平更具性价比，关注腾讯、阿里、 美团的配置价值。当前AI产业趋势相较4月更明确，重视垂类绩优应用龙头出现击球区，建议关注快 手、哔哩、美图等。 10月21日，中国资产持续反弹，AH两市延续昨日强劲涨势。A股方面，三大指数集体上涨；受CPO光 模块概念大涨的带动，创业板指震荡走高，午后一度涨超3%。港股方面，恒生科技指数午后仍涨超 2%，科网股、半导体股、整车股等持续活跃。 主流ETF方面，科创创业50ETF（159783）、云计算50ETF（516630）、恒生科技指数ETF （513180）、港股通汽车ETF（159323）等悉数走强，其中科创创业50ETF（159783）午后涨近4%，新 易盛、中际旭创、胜宏科技、蓝思科技、天孚通信等持仓股领涨。 长江证券指出，展望后市，继续看多中国股市。继续看好十月的市场，看好科技主线，十月将迎来重磅 会议，期待更多增量政策出台。配置方向上，继续关注科技主线以及景气度逐步筑底回升的价值方向； 科技成长方向，关注"双创"和恒生科技指数，关注供需格局逐步出清的锂电池、军工和港股互联网等。 战略性布局低空经济和深 ...

Group 1 - Chinese assets showed a comprehensive recovery on October 20, with A-shares' three major indices collectively rising, and the ChiNext index initially increasing over 3% before narrowing to around 1% in the afternoon [1] - In the concept sectors, cultivated diamonds and optical module CPOs led the gains, while AI computing hardware stocks rebounded, with "Yizhongtian" among the top performers [1] - The Hang Seng Technology Index surged nearly 4% in the morning and maintained over 2% gains in the afternoon, with tech stocks like NetEase, Alibaba, and Tencent rebounding [1] Group 2 - Huaxi Securities indicated that a repair market is expected to slowly unfold in late October, with potential consensus during upcoming economic discussions and the APEC summit, suggesting a possible re-emergence of "TACO" trades [2] - The current market environment reflects a shift in funds rather than a broad decline, with net inflows into financing and ETFs indicating sufficient micro liquidity in the stock market [2] - The construction of a "stabilizing market mechanism" and improvements in investor return systems are highlighted as key features of the current market cycle, supporting the notion of a "slow bull" market in A-shares [2]

10月20日午后，创成长、创业板50、创业板指、科创创业50等主流指数涨幅领先。盘面上，通信、煤 炭、电子、电力设备等行业板块领涨，培育钻石、光模块CPO、锂电电解液、光芯片、6G等概念板块 活跃。主流ETF方面，科创创业50ETF（159783）涨超1.5%，天孚通信、中际旭创、新易盛、华润微、 阳光电源、寒武纪等持仓股涨幅居前；云计算50ETF（516630）涨超1.5%，中际旭创、奇安信、新易 盛、润和软件、神州信息、拓尔思、拓维信息等持仓股领涨。 如何参与"双创20CM"潜在行情？公开信息显示，科创创业50ETF（159783）跟踪中证科创创业50指 数。该指数是在"创业板"+"科创板"中"优中选优"了50只市值最大、科技属性纯正的龙头公司。该指数 集合了科创板和创业板的优势，选取了具备高科技属性的科创板标的和成长性、盈利性较好的创业板标 的。 （文章来源：每日经济新闻） 国投证券指出，近期科技板块一度出现明显回调，从波浪理论的角度分析，科创50的调整或可视为大四 浪调整中的A浪阶段。尤其在上周五的调整中，指数一度跌破8月底的高点，这也是其将本轮调整定性 为大四浪调整的关键依据之一。正因为跌破了前期重 ...

今年的行情已走过三个季度，一些买宽基ETF的朋友在今年国庆节假期可能有点"懵"：手里的宽基产品 明明涨得不错（沪深300涨近18%，创业板指涨51%），怎么份额反倒悄悄少了？看数据更直观，全市 场宽基ETF总规模从2.19万亿元冲到2.51万亿元，猛增3200亿元，可份额却掉了2241.5亿份。这不 是"bug"，而是两个"小秘密"在搞事：一是净值涨得太凶，把你止盈卖出的份额"盖"住了；二是大家开 始"移情别恋"——行业、主题ETF（贴热点、弹性高）以及债券ETF这些"新欢"抢了宽基的"旧爱"位 置。 原来，市场早就从"买个宽基躺平"，变成"挑着热点精准进攻"了。 此外，宽基ETF内部也出现明显分化：有的稳如泰山（几只沪深300ETF业绩、规模稳健增长），有的 涨得越猛却被卖得越狠（3只涨超50%的成长宽基产品遭遇超百亿元级的净赎回），这又是怎么回事？ 净值拉升助力规模增长 跟踪指数方面，今年前三季度宽基ETF涨幅榜TOP20产品主要来自两大阵营：创业板、科创板相关宽基 指数，尤其是创业板50指数和科创创业50指数。创业板50指数3只产品入围不算太多，但排名第一、第 三和第六，均非常靠前；科创创业50指数入围 ...

Group 1 - A-shares experienced a collective rise on September 10, with the ChiNext Index increasing by over 1.5%, driven by strong performance in the tourism sector and active trading in computing hardware stocks [1] - The recent surge in the Sci-Tech Innovation and Entrepreneurship 50 ETF (159783) saw a rise of over 2%, with top-performing holdings including Zhongji Xuchuang, Xinyi Sheng, Lanke Technology, Haiguang Information, Tianfu Communication, and Cambrian [1] - Huaxi Securities believes that the expectation of monetary easing is re-emerging, maintaining a slow bull market trend for A-shares, supported by long-term funds such as insurance and pension funds increasing their market participation [1] Group 2 - The Sci-Tech Innovation and Entrepreneurship 50 ETF (159783) tracks the CSI Sci-Tech Innovation and Entrepreneurship 50 Index, which selects 50 leading companies with the largest market capitalization and pure technology attributes from the ChiNext and Sci-Tech boards [2] - This index combines the advantages of both boards, selecting high-tech attributes from the Sci-Tech board and growth and profitability from the ChiNext board, allowing investors without specific accounts to access core assets in these sectors [2]

Group 1 - A-shares experienced a collective rise on September 10, with the ChiNext Index increasing by over 1.5%, driven by strong performance in the tourism sector and active trading in computing hardware stocks [1] - The recent surge in the Sci-Tech Innovation and Entrepreneurship 50 ETF (159783) saw a rise of over 2%, with top-performing holdings including Zhongji Xuchuang, Xinyi Sheng, Lanke Technology, Haiguang Information, Tianfu Communication, and Cambrian [1] - Huaxi Securities believes that the expectation of monetary easing is re-emerging, maintaining a slow bull market trend for A-shares, supported by strong policy backing for stabilizing the stock market and increased long-term capital inflow from insurance and pension funds [1] Group 2 - The Sci-Tech Innovation and Entrepreneurship 50 ETF (159783) tracks the CSI Sci-Tech Innovation and Entrepreneurship 50 Index, which selects 50 leading companies with the largest market capitalization and strong technology attributes from the ChiNext and Sci-Tech boards [2] - This index combines the advantages of both boards, selecting high-tech stocks from the Sci-Tech board and growth-oriented, profitable stocks from the ChiNext board, providing a one-click investment option for investors without direct access to these boards [2]

Group 1 - A-shares experienced a collective decline on September 2, with the ChiNext Index dropping over 3.5%, particularly affected by the downturn in CPO optical modules and liquid-cooled servers [1] - The main ETF, the Science and Technology Innovation 50 ETF (159783), saw its decline narrow in the afternoon after initially dropping over 4%, with leading stocks including Tianfu Communication, Xinyisheng, Runze Technology, Lanke Technology, and Lens Technology [1] - Ping An Securities suggests that while the short-term equity market remains hot, the valuation of major indices and the trading density of the technology sector are at historically high levels, indicating potential for increased market volatility [1] Group 2 - Galaxy Securities predicts that the A-share market is likely to continue a volatile upward trend, emphasizing the importance of monitoring short-term volatility risks [2] - The market is expected to maintain active trading, supported by continuous capital flow and rising policy expectations, with a focus on short-term rebound opportunities [2] - The medium to long-term investment focus should be on three main lines: improvement in supply-demand dynamics and industry profit recovery, consumer sectors benefiting from policy support, and technology self-reliance sectors such as AI, robotics, semiconductors, and military industry [2] Group 3 - The Science and Technology Innovation 50 ETF (159783) tracks the CSI Science and Technology Innovation 50 Index, which selects 50 leading companies with significant market capitalization and strong technology attributes from the ChiNext and Science and Technology Innovation Board [3] - This index combines the advantages of both boards, selecting high-tech stocks from the Science and Technology Innovation Board and growth-oriented, profitable stocks from the ChiNext [3] - Investors without accounts on the ChiNext or Science and Technology Innovation Board can access core assets from these boards through the Science and Technology Innovation 50 ETF [3]

Summary of Key Points Core Viewpoint - The overall trading volume of the Shanghai and Shenzhen Stock Connect reached 398.83 billion, with major stocks like WuXi AppTec and Zhongji Xuchuang leading in trading volume. All sectors experienced net outflows of capital, while the ChiNext 50 ETF saw a significant increase in trading volume by 611% [1][2][4]. Trading Volume - The total trading amount for the Shanghai Stock Connect was 181.205 billion, while the Shenzhen Stock Connect was 217.626 billion [2]. Top Stocks by Trading Volume - In the Shanghai Stock Connect, WuXi AppTec ranked first with a trading volume of 29.97 billion, followed by Northern Rare Earth and Cambricon Technologies [3]. - In the Shenzhen Stock Connect, Zhongji Xuchuang led with a trading volume of 49.17 billion, followed by NewEase and CATL [3]. Sector Performance - Sectors such as CPO, rare earths, and semiconductors showed positive performance, while real estate, liquor, beauty care, and innovative pharmaceuticals faced declines [4]. Capital Flow in Sectors - All sectors experienced net outflows of capital, with the computer sector leading the outflow at 186.83 billion, followed by pharmaceuticals and electronics [6][7]. Individual Stock Capital Flow - Northern Rare Earth saw a net inflow of 27.94 billion, while Lingyi iTech experienced the highest net outflow at 28.84 billion [8][9]. ETF Trading - The Hong Kong Securities ETF had the highest trading volume at 182.27 billion, followed by the ChiNext 50 ETF at 110.43 billion [11]. - The ChiNext 50 ETF also recorded a remarkable 611% increase in trading volume compared to the previous day [12]. Futures Positioning - Among the four major futures contracts, the IF, IC, and IM contracts saw an increase in long positions, while the IH contract saw a reduction in both long and short positions [13]. Institutional Activity - Institutional buying was notable in stocks like Hengbao Co. and Bubugao, while stocks like Yuyuan Pharmaceutical and Zhongdian Xilong faced significant selling pressure [15][16]. Retail and Quantitative Trading - Retail investors showed high activity in stocks like Yuyuan Pharmaceutical and Rock Mountain Technology, while quantitative funds increased their positions in Tianrongxin and Huasheng Tiancai [18][19].