On September 15, Hong Kong's technology sector opened higher and maintained strong performance throughout the session. According to Wind data, the Hang Seng Tech Index broke through 6000 points during morning trading, marking a new intraday high since April this year.
On the news front, the Federal Reserve is scheduled to hold its interest rate meeting on September 17 local time. Based on recently released economic data showing signs of weakness, market expectations for a 25 basis point rate cut have strengthened significantly. Hong Kong stocks, with their prominent offshore characteristics, have garnered considerable attention, particularly the interest-sensitive Hong Kong technology sector, which is expected to benefit substantially from potential rate cuts.
Reinforced by this logic, the Hang Seng Tech ETF (513130) experienced increased trading volume last week. Over the past four trading days (September 9-12, 2025), daily turnover exceeded 5.5 billion yuan each day. Net fund inflows over the past 10 trading days accumulated to 1.186 billion yuan, with the latest scale reaching 39.211 billion yuan, setting a new historical record. (Historical index performance does not represent future performance and does not guarantee fund performance. Investors should pay attention to index volatility risks.)
Additionally, the Hong Kong technology sector has received positive news at the industry level. According to The Information, citing four sources with direct knowledge, two major Hong Kong internet giants have reportedly begun using internally designed chips to train AI large language models, replacing some Nvidia chips, marking another step forward in China's chip self-reliance initiative. Furthermore, overseas technology giants released Q1 FY2026 earnings, showing significant growth in cloud infrastructure revenue, which may provide further catalysts for domestic AI industry chain-related targets through overseas market reflection.
The Hang Seng Tech Index, closely tracked by the Hang Seng Tech ETF (513130), is one of the representative indices of Hong Kong's technology sector and serves as a prominent Chinese technology benchmark recognized by foreign investors. It encompasses 30 Hong Kong-listed internet and manufacturing leaders with outstanding R&D capabilities, covering multiple sectors including internet, media, software, automotive, and semiconductors, spanning various segments of the AI industry chain with notable comprehensiveness and representativeness. (Data source: Wind, Hang Seng Indices Company, as of September 12, 2025)
Under the combined effects of beta opportunities from strengthened Fed rate cut expectations and alpha opportunities within the technology sector itself, southbound capital has accelerated inflows. Wind data shows that southbound capital has accumulated net purchases of 93.882 billion Hong Kong dollars since September, with internet company stocks becoming key targets for position increases. Additionally, the current P/E ratio of the Hang Seng Tech Index stands at 23.12 times, placing it only in the 31.92% percentile range of the past five years, suggesting potential allocation value worth attention.
The Hang Seng Tech ETF (513130) offers multiple advantages including large scale, superior liquidity, support for intraday T+0 trading, and low fees. According to the latest fund periodic report, it serves over 220,000 shareholders and is positioned as an important tool to help investors capture Hong Kong technology sector recovery opportunities. Off-exchange investors may consider its feeder funds (Class A 015310, Class C 015311). (Data source: Wind, all as of September 12, 2025)
Note: Hang Seng Tech ETF (513130) was established on May 24, 2021; T+0 refers to the exchange trading mechanism.
Risk Warning: Fund investments carry risks, and investors should exercise caution. When purchasing related fund products, please pay attention to investor suitability management regulations, conduct risk assessments in advance, and purchase fund products with risk levels matching your risk tolerance. Past performance of funds does not predict future performance, and the performance of other funds managed by the fund manager does not guarantee fund performance. Fund investments require attention to investment risks. Please carefully read legal documents such as fund contracts, prospectuses, and product summaries to understand the specific circumstances of the fund. This fund may invest in overseas securities markets and, in addition to bearing general investment risks similar to domestic securities investment funds such as market volatility risks, will also face special investment risks including exchange rate risks and overseas securities market risks. The index is compiled and published by Hang Seng Indices Company, and its ownership belongs to Hang Seng Indices Company. Hang Seng Indices Company will take all necessary measures to ensure index accuracy but makes no guarantees and bears no responsibility for any errors in the index.
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