Group 1 - The core viewpoint of the articles highlights a significant decline in the fintech sector, particularly in digital currencies and related stocks, while a major fintech ETF (159851) experienced a drop of over 4% but saw a net subscription of over 190 million shares, indicating strong investor interest [1] - Capital market activity is expected to benefit To C stock trading software companies and create rigid construction demand for To B fintech companies due to comprehensive regulatory measures [1] - Current fundamentals and valuations in the fintech sector are at low levels, presenting significant allocation value, with expectations of a gradual upward trend driven by policy support and economic stabilization [1][2] Group 2 - The fintech ETF (159851) and its linked fund (013477) cover a wide range of themes including internet brokerages, financial IT, cross-border payments, and AI applications, with the ETF's latest scale exceeding 11.2 billion and an average daily trading volume of over 1.3 billion in the past month [2] - The fintech ETF (159851) has the highest scale and liquidity among five ETFs tracking the same index, indicating its leading position in the market [2]

9月17日早盘，金融科技板块继续活跃，恒宝股份、同花顺、赢时胜等多股领涨超2%，同类规模超百 亿、流动性断层第一的金融科技ETF（159851）场内冲高超1%，盘中持续溢价，成交额快速突破3亿 元，资金实时净申购超1.7亿份。 金融科技为何连续活跃？总结来看，近期或有三大因素：1、两市成交额连续第44个交易日突破1.5万亿 元，高交投环境下（互联网）券商基本面修复趋势明确；2、AI赋能金融IT新的增长空间；3、受益于海 外降息预期，市场风险偏好提升。 配置上，东吴证券认为，当前金融科技板块基本面及估值均处于低位，具有显著的配置价值。伴随政策 发力、经济企稳、券商数字化转型需求持续加速，金融科技市场逐步进入上行通道。中短期来看，资本 市场的活跃度仍然是最大的支撑因素，我们看好政策的持续性及政策落地效果。长期来看，宏观环境的 稳中向好，以及资本市场改革深化将推动证券科技及券商IT行业ROE中枢稳步抬升，板块长期投资价值 逐渐凸显。 金融科技ETF（159851）及其联接基金（013477），标的指数全面覆盖了互联网券商、金融IT、跨境支 付、AI应用、华为鸿蒙等热门主题。截至9月15日，金融科技ETF（15985 ...

Group 1 - The financial technology sector experienced a significant decline, with popular concept stocks like digital currencies retreating. The financial technology ETF (159851) dropped over 4% intraday, falling below the 10-day moving average, yet continued to trade at a premium with net subscriptions exceeding 240 million shares and a trading volume approaching 1 billion yuan, indicating a notable increase in activity [1] - Guotai Junan Securities expressed optimism regarding the active capital market, highlighting strong policy expectations for non-bank institutions closely related to the capital market. This suggests a favorable outlook for financial technology, particularly for consumer-facing stock trading software companies and B2B financial technology firms benefiting from regulatory support for system upgrades [1] - GF Securities noted that with sustained capital inflows, the balance of margin trading, market turnover, and monthly active users (MAU) expectations are likely to expand, potentially increasing the valuations of consumer-oriented securities IT companies. The report recommends focusing on financial technology firms that can act as "bull market amplifiers" to capitalize on market changes and growth opportunities [1] Group 2 - The financial technology ETF (159851) and its linked fund (013477) comprehensively cover themes such as internet brokerage, financial IT, cross-border payments, AI applications, and Huawei's HarmonyOS. As of September 1, the ETF's latest scale exceeded 10 billion yuan, with an average daily trading volume of over 600 million yuan, leading among three ETFs tracking the same index in terms of scale and liquidity [2]