招商证券：近期港股微观流动性存在什么问题？

智通财经2025-12-16

智通财经APP获悉，招商证券发布研究报告称，近期港股市场在海外降息后仍未企稳，主要来自于两个内部流动性问题：公募基金基准新规落地，可能导致卖出部分港股；港股阶段性资金需求较大。上述叙事虽然存在，且在下跌过程中持续强化，但总体来看影响较为有限。招商证券主要观点如下：行业与指数推荐：互联网(930604.CSI)、有色金属(931947.CSI)、港股通非银(931024.CSI)。港股上周市场表现：...

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