Hong Kong stocks automobiles continue to rebound, Hong Kong Stock Connect automotive ETF EasyFund (159121) received net inflows of nearly 40 million yuan yesterday

As of 14:05, the Hang Seng Hong Kong Stock Connect Automotive Theme Index increased by 0.8%. Among the index components, Chery Automobile and Geely Auto rose over 4%, Leap Motor gained over 3%, and Fuyao Glass increased over 2%.

Previously, the automotive sector experienced a prolonged correction due to concerns over subsidy reductions. Some leading car companies are valued at only around 10 times earnings, with pessimistic expectations already priced in. As provinces implement detailed policies for old-for-new subsidies, post-holiday consumption recovers, and new car launches in March increase, domestic demand is expected to recover. Export growth remains strong, with February auto exports up 52.4% year-on-year, and cumulative exports from January to February reaching 1.352 million units, up 48.4% year-on-year, supporting the sector’s rebound.

The Hang Seng Hong Kong Stock Connect Automotive Theme Index covers core intelligent leaders such as BYD, Geely Auto, XPeng Motors, and Li Auto, with a high proportion of passenger cars and new energy vehicles. The ETF tracking this index, E Fund Auto ETF (159121, with connection funds A/C: 026646/026647), saw nearly 40 million yuan in net inflows yesterday, making it the largest ETF of its kind, helping investors seize opportunities for a rebound in Hong Kong auto sector leaders.

Daily Economic News

(Edited by: He Chong)

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