On April 1, global stock markets showed collective recovery, potentially benefiting from signs of easing tensions in Iran. Hong Kong's hard tech sector experienced broad-based strength, with the market's sole listed Hong Kong Connect Information Technology ETF, Huabao (159131), surging sharply by 3.31% and touching its 5-day moving average during the session.
Among constituent stocks, Ubtech soared over 13%, while Deepexi surged more than 9%. Kingsoft Cloud, Kingboard Laminates, Tianyue Advanced, LQ Technology, and Huahong Semiconductor all gained over 6%.
Recently, SMIC, the top-weighted stock in the CSI Hong Kong Connect Information Technology Index, disclosed its 2025 annual report. The company reported annual revenue of 67.323 billion yuan, representing a year-on-year increase of 16.49%. Net profit attributable to shareholders reached 5.041 billion yuan, up 36.3% compared to the previous year. The company's operational performance showed steady improvement, maintaining its position as the world's second-largest pure-play wafer foundry.
Galaxy Securities pointed out that computing power demand and capital investment are rising in tandem, pushing the industry into a high-growth expansion phase. The rapid transmission of computing power demand across various segments of the industrial chain has led to significant earnings growth for chip manufacturers, foundries, and server companies. Cloud providers have raised computing power prices, reflecting tightening supply-demand conditions. The AI industry has entered an intensive expansion cycle characterized by "demand explosion-price transmission-capital reinforcement".
Targeting the super cycle in Hong Kong chip stocks! The Hong Kong Connect Information Technology ETF Huabao (159131) - the market's first ETF focusing specifically on the Hong Kong stock chip industrial chain and offering T+0 trading - has an offshore feeder fund code of 026755. The underlying index comprises "70% hardware + 30% software", heavily weighted toward Hong Kong-listed "semiconductors + electronics + computer software" stocks. The ETF covers 45 Hong Kong-listed hard tech companies, with SMIC accounting for 14.07% of the weighting, Xiaomi Group-W at 12.41%, and Huahong Semiconductor at 7.47%. The portfolio excludes large-cap internet companies like Alibaba, Tencent, and Meituan, offering sharper focus and better positioning to capture the AI hard tech trend in Hong Kong stocks. (Data as of March 11, 2026)
Source: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges.
Note: "The market's sole" refers to the fact that the Hong Kong Connect Information Technology ETF Huabao (159131) is currently the only listed and tradable ETF tracking the CSI Hong Kong Connect Information Technology Composite Index.
Fund fee explanation: Subscription and redemption agents for the Hong Kong IT ETF may charge commissions up to 0.5%. On-exchange trading fees are subject to the actual charges by securities firms. No sales service fees are charged.
Risk warning: The Hong Kong Connect Information Technology ETF Huabao and its feeder fund passively track the CSI Hong Kong Connect Information Technology Composite Index, which has a base date of November 14, 2014, and was launched on June 23, 2017. The index constituents mentioned in this material are for illustrative purposes only. Individual stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund managed by the fund manager. This product is issued and managed by Huabao Fund. Distribution institutions do not assume responsibility for the investment, redemption, or risk management of the product. Investors should carefully read the "Fund Contract", "Prospectus", "Fund Product Summary" and other fund legal documents to understand the fund's risk-return characteristics and select products appropriate for their risk tolerance. Past performance of the fund does not predict future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment carries risks and requires caution! The fund manager assesses this fund's risk rating as R4-medium to high risk, suitable for aggressive (C4) and above investors. Distribution institutions (including the fund manager's direct sales channels and other distribution institutions) evaluate the fund's risk according to relevant laws and regulations. Investors should promptly pay attention to the appropriateness opinions issued by distribution institutions and base their decisions on the matching results. Appropriateness opinions from different distribution institutions may not necessarily be consistent, and the risk rating results for fund products issued by fund distribution institutions cannot be lower than the risk rating results determined by the fund manager. There may be differences between the fund's risk-return characteristics described in the fund contract and the fund's risk rating due to different consideration factors. Investors should understand the fund's risk-return profile and carefully select fund products based on their investment objectives, time horizon, investment experience, and risk tolerance, while assuming risks independently. The China Securities Regulatory Commission's registration of this fund does not indicate its substantive judgment or guarantee of the fund's investment value, market prospects, or returns. Funds carry risks, investment requires caution.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
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