12月29日，港股AI走势活跃，重仓互联网龙头的港股互联网ETF（513770）震荡拉升，场内价格现涨 0.95%，盘中再现宽幅溢价，实时溢价率超0.3%。科网龙头多数飘红，哔哩哔哩-W涨超2%，美团-W、 快手-W涨逾1%，小米集团-W、阿里巴巴-W、腾讯控股跟涨。 | 分时 多日 1分 5分 · 0.533 | | F9 盘前盘后 酷加 九转 画纹 工具 (2 >> 513770[485百貨网EIF] 10:50 V 0.533 器器 0.002(0.92%) 用W | 0.959 | | 0 533 +0.005 +0.95% | | 港股互联网ETF C 工 | 513770 ~ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | SSE CNY 10:20:25 交易中 查看L2全器 | | | 融之間日 | | 0.531 | | | 0.47% | 净值注册 | 华宝中证港股通互联网ET | 25 | 25.56% 120日 | 211% | | | | | | | 27:32% 委常 | 392956 5日 ...

今日（12月24日））自带"科技+红利"哑铃策略的——香港大盘30ETF（520560）在水面附近震荡，场 内价格现跌0.11%，值得关注的是，该ETF近20日狂揽1.35亿元，截至12月22日规模达8.1亿元创新高， 反映资金看好港股后市表现，积极运用哑铃策略积极布局！ 成份股方面，中芯国际涨超3%，农夫山泉、比亚迪股份、中国海洋石油涨逾1%，百胜中国、泡泡玛 特、中国平安等个股跟涨。另一方面，中国神华、阿里巴巴跌超1%，跌幅居前。 1、港股科技方面，重点关注港股互联网企业的科技属性，尤其是大模型领域布局。大模型领域的竞争 格局已逐渐清晰，头部公司凭借资金与数据优势建立起竞争壁垒，其核心流量产品能支撑多业务变现， 盈利模式成熟。 2、港股红利方面，重点关注港股银行股，核心配置逻辑在于低估值与稳定的分红回报。保险公司等长 期资金机构倾向于通过境外账户直接投资港股，银行股是其重要投资标的，这构成了港股估值韧性的重 要来源。 为何资金密集布局港股？业内人士指出，投资港股的核心逻辑，在于其显著的估值优势与优质的公司治 理。港股目前估值处于低位，且大部分大企业注重股东回报，在分红、回购方面更为积极，公司治理也 更为规 ...

Group 1 - The Hong Kong stock market experienced a significant decline, with the Hang Seng Technology Index dropping nearly 3%, indicating a convergence of liquidity, fundamentals, and valuation pressures [1] - Recent inflows of southbound funds have slowed, potentially due to new fund management regulations that impose stricter performance benchmarks, leading to selling pressure on Hong Kong stocks [1] - The Hong Kong Internet sector, as a unique asset class, has attracted attention, with the Hong Kong Internet ETF (513770) seeing a net inflow of 853 million yuan over nine consecutive days [1] Group 2 - The valuation of the Hong Kong Internet sector is notably lower, with the CSI Hong Kong Internet Index's price-to-earnings ratio (TTM) at 24.92, significantly below that of the ChiNext Index and Nasdaq 100 [3][4] - Looking ahead to 2026, it is anticipated that policy improvements, such as enhanced connectivity mechanisms and relaxed QDII restrictions, will attract long-term capital to the Hong Kong market, with an expected increase of 1.54 trillion HKD in southbound long-term funds [4] - The Hong Kong Internet ETF and its associated funds are heavily invested in leading internet companies, with over 73% of the top ten holdings focused on AI cloud computing and applications, indicating a strong competitive advantage [5]

港股互联网ETF（513770）及其联接基金（A类017125；C类017126）被动跟踪中证港股通互联网指 数，重仓阿里巴巴-W、腾讯控股、小米集团-W等互联网龙头，前10大持仓汇聚AI云计算、大模型+各 领域AI应用公司，合计占比超73%，龙头优势显著。港股互联网ETF（513770）年内日均成交额超6亿 元，支持日内T+0交易，不受QDII额度限制，流动性佳！ 看好港股科技但又希望降低波动？也可以关注全市场首只——香港大盘30ETF（520560），自带"科技 +红利"哑铃策略，重仓股既有阿里巴巴、腾讯控股等高弹性科技股，又囊括了建设银行、中国平安等 稳健高股息，是港股长期配置的理想底仓工具。 提醒：近期市场波动可能较大，短期涨跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险 承受能力理性投资，高度注意仓位和风险管理。 12月22日，港股早盘高开，互联网龙头多数走强，阿里巴巴-W涨超2%，哔哩哔哩-W、美团-W涨逾 1%，腾讯控股、快手-W跟涨，小米集团-W微跌0.5%。重仓互联网龙头的港股互联网ETF（513770）场 内价格一度涨逾1%，现涨0.95%，站上10日线。 银河证券指出，日央行靴 ...

12月22日，港股早盘高开，互联网龙头多数走强，阿里巴巴-W涨超2%，哔哩哔哩-W、美团-W涨逾1%，腾讯控股、快手-W跟涨，小米集团-W微跌0.5%。 重仓互联网龙头的港股互联网ETF（513770）场内价格一度涨逾1%，现涨0.95%，站上10日线。 港股互联网ETF（513770）及其联接基金（A类017125；C类017126）被动跟踪中证港股通互联网指数，重仓阿里巴巴-W、腾讯控股、小米集团-W等互联网 龙头，前10大持仓汇聚AI云计算、大模型+各领域AI应用公司，合计占比超73%，龙头优势显著。港股互联网ETF（513770）年内日均成交额超6亿元，支 持日内T+0交易，不受QDII额度限制，流动性佳！ 看好港股科技但又希望降低波动？也可以关注全市场首只——香港大盘30ETF（520560），自带"科技+红利"哑铃策略，重仓股既有阿里巴巴、腾讯控股等 高弹性科技股，又囊括了建设银行、中国平安等稳健高股息，是港股长期配置的理想底仓工具。 提醒：近期市场波动可能较大，短期涨跌幅不预示未来表现。请投资者务必根据自身的资金状况和风险承受能力理性投资，高度注意仓位和风险管理。 数据来源：沪深交易所等。中证港 ...

Core Viewpoint - The Hong Kong stock market is showing positive momentum, particularly in the internet sector, with major companies like Alibaba and Tencent experiencing gains, indicating a potential rebound in the market [1][9]. Group 1: Market Performance - On December 22, the Hong Kong stock market opened higher, with internet giants like Alibaba-W rising over 2% and others like Bilibili-W and Meituan-W increasing by more than 1% [1]. - The Hong Kong Internet ETF (513770) saw a price increase of over 1% at one point, currently up 0.95%, indicating strong market interest [1]. - The Hong Kong Internet ETF has recorded a net inflow of 1.253 billion yuan over the past 10 days, with its latest fund size exceeding 12.2 billion yuan, marking a historical high [9]. Group 2: Investment Insights - Galaxy Securities suggests that external risks are diminishing, and the Hong Kong stock market is expected to trend upwards, with the technology sector remaining a key focus for medium to long-term investments [3][9]. - According to China Merchants Securities, the current valuation of Hong Kong stocks is attractive, particularly in the technology sector, which is expected to rebound as liquidity shocks subside [3][9]. - The Hong Kong Internet ETF is designed to passively track the CSI Hong Kong Internet Index, heavily investing in leading companies like Alibaba and Tencent, with over 73% of its top holdings focused on AI and cloud computing [5][11]. Group 3: Trading and Liquidity - The Hong Kong Internet ETF has an average daily trading volume exceeding 600 million yuan, supporting T+0 trading and offering good liquidity without QDII quota restrictions [11]. - For investors looking to reduce volatility while still focusing on technology, the Hong Kong Large Cap 30 ETF (520560) is recommended, combining high-growth tech stocks with stable dividend-paying companies [12]. Group 4: Historical Performance - The CSI Hong Kong Internet Index has shown significant fluctuations over the past five years, with annual returns of 109.31% in 2020, -36.61% in 2021, -23.01% in 2022, -24.74% in 2023, and a projected 23.04% in 2024 [6][12].

来源：新浪基金 12月19日，港股迎来企稳反弹，恒指、恒科指分别收涨0.75%、1.12%。互联网龙头集体走强，腾讯控 股、快手-W、美团-W均涨逾1%，小米集团-W、阿里巴巴-W、哔哩哔哩-W跟涨。重仓互联网龙头的港 股互联网ETF（513770）高开高走，场内价格一度涨逾2%，收涨1.54%。 消息面上，港股互联网板块迎来美联储降息预期升温+AI进展双重利好。 随着海外流动性预期重新恢复，叠加AI叙事持续发酵，低位港股AI有望重启升势。值得注意的是，在 此前回调区间，港股互联网板块成为资金重点涌入方向。上交所数据显示，港股互联网ETF（513770） 近10日连续吸金，合计获资金净流入13.3亿元。 东吴证券表示，港股处于反弹前夕，从中长期配置来看，当前位置有吸引力。从现在开始到明年1月， 港股处在震荡上行前期，自下而上选择科技成长股，为反弹做准备。 中信证券认为，互联网巨头在AI趋势中攻防兼备，继续看好互联网板块顺周期属性叠加AI的向上趋 势。若AI技术超预期，大概率由互联网巨头及合作方产生；若悲观情景AI泡沫破裂，扎实资产负债表 和现金流可作为避风港。 港股互联网ETF（513770）及其联接基金（A ...

12月19日，港股迎来企稳反弹，恒指、恒科指分别收涨0.75%、1.12%。互联网龙头集体走强，腾讯控 股、快手-W、美团-W均涨逾1%，小米集团-W、阿里巴巴-W、哔哩哔哩-W跟涨。重仓互联网龙头的港 股互联网ETF（513770）高开高走，场内价格一度涨逾2%，收涨1.54%。 消息面上，港股互联网板块迎来美联储降息预期升温+AI进展双重利好。 最新公布的美国11月核心CPI同比上涨2.6%，创2021年以来最低水平。通胀降温信号显现，叠加美联储 官员"鸽派"发言，点燃了市场对美联储2026年更激进降息的憧憬。交易员上调了对2026年降息的定价， 目前普遍维持明年两次降息、合计50个基点的预期，同时3月降息概率大幅提升。 美团最新发布并开源虚拟人视频生成模型 LongCat-Video-Avatar。该模型原生支持 Audio-Text-to- Video、Audio-Text-Image-to-Video及视频续写等核心功能，同时在底层架构上全面升级，实现动作拟真 度、长视频稳定性与身份一致性三大维度的突破。 此外，腾讯日前发布混元世界模型1.5，只需输入文字描述或者图片即可创建专属的互动世界；并首次 ...

随着海外流动性预期重新恢复，叠加政策利好，港股有望重启升势，尤其是此前回调较深的科技方向。兴业证券表示，2026年港股牛市将继续，盈利和估值 双提升的潜力依然较大，特别是大盘成长和红利资产。 中信建投证券表示，前期因风格切换而深度调整的成长板块，或伴随市场情绪回暖与宏观不确定性消退，将凭借高盈利弹性成为引领市场的核心主线。重点 关注互联网等板块。 值得一提的是，此前回调区间，港股互联网ETF（513770）获资金密集涌入，上交所数据显示，港股互联网ETF（513770）近10日连续吸金，合计获资金净 流入13.3亿元。 港股互联网ETF（513770）及其联接基金（A类017125；C类017126）被动跟踪中证港股通互联网指数，重仓阿里巴巴-W、腾讯控股、小米集团-W等互联网 龙头，前10大持仓汇聚AI云计算、大模型+各领域AI应用公司，合计占比超73%，龙头优势显著。港股互联网ETF（513770）最新规模超百亿，年内日均成 交额超6亿元，支持日内T+0交易，不受QDII额度限制，流动性佳！ 12月19日，港股迎来全线反弹，科网龙头涨势不俗，截至发稿，腾讯控股、快手-W涨逾1%，小米集团-W、阿里巴巴-W ...

Core Viewpoint - The Hong Kong stock market experienced a broad rebound on December 19, with significant gains in technology stocks, particularly in internet giants like Tencent and Alibaba, indicating a potential recovery in the sector [1][5]. Group 1: Market Performance - The Hong Kong stock market saw a notable rebound, with Tencent Holdings and Kuaishou rising over 1%, while Xiaomi, Alibaba, and Meituan also followed suit [1][5]. - The Hong Kong Internet ETF (513770) saw its price increase by 1.73% at one point, currently up by 1.54% [1][5]. - The ETF has attracted significant capital inflow, with a total of 1.33 billion yuan net inflow over the past 10 days [3][7]. Group 2: Economic Indicators - The U.S. Labor Department reported a year-on-year CPI of 2.7% for November, lower than the expected 3.1%, which may lead to potential interest rate cuts in the future [7]. - Analysts from Industrial Securities predict that the Hong Kong stock market will continue its bull run into 2026, with significant potential for both earnings and valuation improvements, particularly in large-cap growth and dividend assets [7]. Group 3: Investment Opportunities - The Hong Kong Internet ETF (513770) and its linked funds passively track the CSI Hong Kong Internet Index, heavily investing in leading internet companies like Alibaba and Tencent, with over 73% of its top holdings focused on AI and cloud computing [3][8]. - The ETF has a current scale exceeding 10 billion yuan, with an average daily trading volume of over 600 million yuan, providing good liquidity and supporting T+0 trading [8]. - For investors looking to reduce volatility while still focusing on technology, the Hong Kong Large Cap 30 ETF (520560) is recommended, which combines high-growth tech stocks with stable dividend-paying companies [8].