| 代码 | 名称 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 159323 | 港股通汽车ETF | 1.273 | 0.038 | 3.08% | | 520600 | 港股汽车ETF | 1.228 | 0.035 | 2.93% | | 159210 | 港股汽车ETF | 1.010 | 0.028 | 2.85% | | 520720 | 香港汽车ETF | 0.909 | 0.025 | 2.83% | | 159237 | 港股汽车ETF基金 | 1.050 | 0.028 | 2.74% | 有券商表示，随着智能化技术的加速落地，部分车企凭借领先的智能驾驶与智能座舱技术，正处于新品 周期与技术周期的共振阶段，有望推动销量持续增长。同时，政策对汽车消费的持续支持，以及新能源 汽车渗透率的不断提升，为整车企业提供了广阔的市场空间。 港股汽车概念股走高，地平线机器人-W涨超8%，小鹏汽车-W涨超7%，理想汽车-W涨超3%。 受盘面影响，港股汽车相关ETF涨约3%。 ...

此外，香港汽车ETF（520720）可通过 A 股账户直接交易，无需开通港股通权限，完美解决了普通投资 者缺少投资工具的痛点。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 国泰海通指出，《汽车行业价格行为合规指南（征求意见稿）》有望进一步推进"反内卷"进程，对国内 汽车行业的价格竞争起到规范作用，国内汽车价格战有望减缓，整车、经销商的利润率有望改善。其 中，近年盈利能力下滑较多的经销商有望得到更大幅度的提升。《指南》要求企业以生产成本为基础、 市场供求为导向的定价策略，对所属整车销售、金融服务等环节实行全链条价格行为管理，确保价格行 为规范；同时要求尊重汽车经销商自主定价权，遵循公平交易、平等协商的原则。整车企业是汽车产业 链中的强势环节，《指南》对整车企业价格行为的规范，有望改善产业链价格生态。经销商是汽车产业 链中直接接触消费者的环节，《指 ...

香港汽车ETF（520720）跟踪的是港股通汽车指数（931239），该指数从港股通范围内选取涉及整车制 造、零部件等业务的上市公司证券作为指数样本，重点覆盖智能驾驶和新能源汽车领域，以反映港股汽 车产业高成长性企业的整体表现。该指数兼具科创属性与市场弹性，凸显新能源汽车产业链的进攻性特 征。 华创证券指出，11月全球首搭地平线HSD及J6P车型星途ET5正式上市。星途ET5搭载的城区辅助驾驶系 统标志着中国车企拥有可规模化部署的顶级智驾底座，成为中国智能辅助驾驶体验迈向普及的关键里程 碑。该车型能以百毫秒级超低时延实现"超人反应"，较人类平均反应速度提升42%，并基于"类人思 考"的防御性驾驶策略提前规避风险。此外，文远知行和小马智行作为自动驾驶领域代表企业，其登陆 港交所及业绩表现反映出港股通汽车行业在智能化、电动化转型中的积极进展。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 ...

（文章来源：每日经济新闻） 香港汽车ETF（520720）跟踪的是港股通汽车指数（931239），该指数从港股通范围内选取涉及整车制 造、零部件及智能驾驶等业务的上市公司证券作为指数样本，以反映汽车全产业链优质企业的整体表 现。指数以高研发投入和成长性为特点，整车板块权重占比超过60%，同时涵盖汽车零部件、工业金属 等细分领域，兼具市场弹性和国际化特征。 甬兴证券指出，2025年10月汽车销量约332.2万辆，环比增长3%，同比增长8.8%，其中新能源汽车销量 约171.5万辆，环比增长9.5%，同比增长20%，市占率达51.6%。新能源车价格竞争有所降温，10月降价 规模14款，较9月减少9款，市场秩序明显改善。 ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 英大证券指出，新能源是新发展理念的重要承载行业，宏观政策主基调力度空前。汽车类消费增速领先 石油及制品类，显示出较强的行业增长潜力。随着我国外汇储备稳步上行，人民币汇率在合理均衡水平 保持基本稳定，对A股大盘形成支撑，有利于维护金融稳定。在此背景下，港股通汽车行业有望受益于 宏观政策支持及消费增长趋势。 香港汽车ETF（520720）跟踪的是港股通汽车指数（931239），该指数从港股通范围内选取涉及整车制 造、零部件及智能驾驶等新兴领域的汽车产业相关上市公司证券作为指数样本，以反映港股市场汽车行 业相关上市公司证券的整体表现。该指数具有高研发投入和成长性特点，整车板块权重占比突出，展现 了较强的市场弹性和国际化特征。 每日经济新闻 ...

Market Overview - The Shanghai Composite Index fell by 0.81%, while the ChiNext Index declined by 1.16% [1] - The lithium battery industry chain experienced a widespread downturn, with electrolyte and solid-state battery sectors leading the decline [1] - The steel, chemical, coal, and non-ferrous metal industries also saw significant drops [1] Sector Performance - AI application themes remained active, with internet e-commerce concepts performing well against the trend [1] - In the ETF market, commodity ETFs led the gains, with Huaxia Fund's soybean meal ETF rising by 2.44% [1] - AI application themes showed resilience, with GF Fund's media ETF and Penghua Fund's media ETF increasing by 2.38% and 2.35%, respectively [1] - The semiconductor materials and equipment sectors strengthened, with both the招商基金 semiconductor equipment ETF and 易方达 semiconductor equipment ETF rising by 2% [1] ETF Performance - Cross-border ETFs were the biggest losers, with the Nasdaq 100 ETF and Nikkei 225 ETF dropping by 4.99% and 4.27%, respectively [1] - The battery sector experienced a comprehensive pullback, with the battery 50 ETF, battery ETF, and lithium battery ETF all declining by 4% [1] - Hong Kong automotive stocks fell, with both the Hong Kong automotive ETF and the Hong Kong automotive ETF dropping by 4% [1] - The chemical sector weakened, with the chemical 50 ETF decreasing by 3.74% [1]

Core Insights - The Hong Kong stock market's automotive sector saw an increase of 180 million shares held by insurance funds in Q3, alongside a net inflow of financing funds amounting to 24.88 billion yuan, resulting in a sector growth of 17.9% [1] - The automotive sector is positioned as a key beneficiary of policy and technological upgrades, making it a focal point for capital allocation as the market trend shifts towards balanced investment strategies [1] - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which includes listed companies involved in vehicle manufacturing, components, and smart driving, reflecting the overall performance of the automotive industry [1] Fund and Index Characteristics - The automotive index is characterized by high R&D investment and growth potential, with the vehicle manufacturing segment accounting for over 60% of the index weight, indicating strong market elasticity and international characteristics [1] - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts, addressing the challenge faced by ordinary investors in accessing investment tools without needing to open a Hong Kong Stock Connect account [1]

Core Viewpoint - The Hong Kong automotive sector is expected to show structural support in Q4, with strong growth in the new economy positively impacting the fundamentals [1] Industry Summary - The automotive industry in Hong Kong is benefiting from a robust economic environment, with expectations of three interest rate cuts totaling 75 basis points next year, which may further enhance liquidity and support industry performance [1] - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which includes listed companies involved in vehicle manufacturing, components, and emerging fields like smart driving, reflecting the overall performance of the automotive sector [1] - The index has a high research and development investment and growth characteristics, with the vehicle manufacturing segment accounting for over 60% of its weight, indicating strong market elasticity and international features [1] Company Summary - Geely Automobile has announced a share repurchase plan worth HKD 2.3 billion, demonstrating confidence in its long-term development [1] - The company maintains an optimistic view on trade tensions, believing that the US-China competition is a long-term trend where both sides will negotiate rather than escalate conflicts, with tariffs serving as negotiation tools [1] Investment Tool Summary - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts without the need for a Hong Kong Stock Connect account, addressing the investment tool gap for ordinary investors [1]

Group 1 - The passenger car sector shows good performance in production and sales data during the "Golden September and Silver October" period, but market sentiment is tempered due to factors like the increase in vehicle purchase tax next year and uncertainty in subsidy policies. The focus remains on high-end and technology-driven structural growth opportunities [1] - The commercial vehicle sector exhibits low valuation and high prosperity characteristics, benefiting from domestic subsidies and increased exports. The heavy truck and bus segments maintain strong fundamentals, with significant growth in Q3 due to a low base. Heavy truck domestic sales in September increased by 124% year-on-year, and exports rose by 28%, while the bus export growth reached 56% year-on-year in Q3 [1] - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which selects listed companies involved in vehicle manufacturing, components, and emerging fields like intelligent driving. This index reflects the overall performance of automotive-related listed companies and has a strong focus on R&D investment and growth potential [1] Group 2 - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts without the need for a Hong Kong Stock Connect account, addressing the pain point of ordinary investors lacking investment tools [1]

Core Viewpoint - The Hong Kong automotive sector is experiencing a decline, with major companies like Xpeng Motors, Li Auto, and Great Wall Motors seeing significant drops in their stock prices, impacting related ETFs as well [1][2]. Group 1: Stock Performance - Xpeng Motors-W fell over 4%, while Li Auto-W dropped over 2%, and both Leap Motor and Great Wall Motors saw declines exceeding 3% [1]. - The Hong Kong automotive-related ETFs also experienced a downturn, with declines of over 2% across various funds [1]. Group 2: Market Outlook - Analysts suggest that the automotive market is entering a consumption peak season, with expectations for continued growth in exports [2]. - The sector is viewed as having long-term stable investment value, with recommendations to focus on leading companies and those with low exposure to the U.S. market [2]. - The automotive sector is anticipated to enter a phase characterized by high sales momentum, event catalysts, and industry trend resonance [2].