Market Overview - A-shares experienced a rebound after an initial decline, with major indices showing significant gains by the end of the week, driven by positive news and upcoming policy windows [1] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rose by 1.91%, 3.73%, and 5.69% respectively [1] - The ETF market saw an average decline of 1.16%, with bond ETFs performing slightly better, increasing by 0.20% [1] ETF Performance - Technology ETFs showed strong upward movement, with the top-performing ETFs being predominantly in the fintech and software sectors, led by the Financial Technology ETF from Huaxia with a gain of 14.33% [2] - The demand for AI technology is highlighted by Nvidia's strong financial performance, with a 73% year-on-year growth in its data center business [3] Fund Flow Trends - The ETF market saw a net inflow of 37.24 billion yuan, with bond ETFs leading the inflow at 183.05 billion yuan [6][9] - Defensive assets, particularly bond and bank ETFs, continue to attract significant investment, indicating a cautious market sentiment [6][9] Sector Insights - The insurance capital from the mainland has increasingly influenced the pricing of Hong Kong dividend assets, as domestic insurers seek stable, high-dividend investments [5] - The report from Shenwan Hongyuan suggests that while a full bull market is not yet established, factors such as "asset scarcity" and foreign capital inflow are laying the groundwork for continued investment in A-shares [3] Upcoming ETF Listings - Nine new ETFs are set to launch next week, including several enhanced index funds aimed at tracking the A500 index and focusing on technology and consumer sectors [11]

港股今日震荡走强，券商板块表现亮眼！香港证券指数大涨约10%，成分股中，国泰君安国际涨超 150%，中州证券、申万宏源、招商证券涨超13%。 消息面上，6月24日，国泰海通集团下属公司国泰君安国际控股有限公司正式获香港证监会批准，将现 有证券交易牌照升级为可提供虚拟资产交易服务，并在提供虚拟资产交易服务的基础上提供意见。此次 牌照升级后，客户将可在国泰君安国际平台直接交易加密货币（如比特币、以太币等）、稳定币（如泰 达币等）等虚拟资产。 去年9月24日以来，市场在政策的加持下，流动性充裕，资金入市的意愿高、速度快，为证券板块业绩 修复带来重要支撑。2025年以来，热点行情多点开花，也为券商板块业绩奠定了扎实的基础。以一季度 业绩为例，近八成券商营业总收入同比增长，近九成归母净利润同比增长。 资料显示，香港证券ETF（513090）跟踪中证香港证券投资主题指数，该指数从港股通证券范围中选取 证券投资主题类上市公司证券作为指数样本，以反映香港市场证券投资主题类上市公司证券的整体表 现。 作为唯一跟踪该指数的ETF，香港证券ETF（513090）本周量价齐升，今日成交额突破270亿元。此 外，香港证券ETF（513 ...