Recently, core companies in the "food delivery battle" have successively released their 2025 interim earnings reports. Against the backdrop of leading companies' performance falling significantly below expectations and shrinking profits, Hong Kong tech stocks have faced overall pressure with amplified volatility. However, market capital allocation has intensified rather than decreased. Wind data shows that Hang Seng Tech ETF (513130) recorded a single-day net inflow of 1.028 billion yuan on August 28, 2025, with continuous capital inflows over the past three trading days totaling 1.794 billion yuan, pushing its assets under management to 35.887 billion yuan, setting a new historical record. (AUM data source: Exchange; other data source: Wind, all as of 2025/8/28)
Additionally, with accelerated capital inflows, Hang Seng Tech ETF (513130) has maintained daily trading volumes exceeding 600 million yuan over the past 5 trading days (2025/8/22-2025/8/28), with average daily trading volume reaching 7.67 billion yuan during this period, significantly higher than July's monthly average of 3.9 billion yuan, further confirming strong market positioning sentiment. Furthermore, Hang Seng Tech ETF (513130) supports intraday T+0 trading, providing enhanced liquidity advantages.
The recent overall adjustment in Hong Kong tech stocks primarily stems from disruptions in food delivery business performance. Current stock prices may have largely factored in this negative development, and with the trend of contrarian capital positioning, the market's shareholding structure is expected to become healthier. Looking ahead, amid multiple positive cycles including rising loose liquidity expectations, increased policy support, and continuous industrial breakthroughs, Hong Kong tech stocks are positioned to encounter more catalysts, potentially driving valuation recovery.
According to information, the Hang Seng Tech Index tracked closely by Hang Seng Tech ETF (513130) represents one of the most representative and comprehensive indices for Hong Kong's tech sector, covering both soft technology industries like internet platforms and software, as well as hard technology sectors including automotive, semiconductors, and telecommunications equipment. The top five constituent stocks of the Hang Seng Tech Index account for only 39.67% of the weighting, making the index relatively diversified, potentially hedging against individual stock volatility risks while capturing broad opportunities in AI industry development. This aligns well with the current "multi-point flourishing" market environment, positioning across multiple "AI+" industrial chain segments with favorable development prospects. As of 2025/8/28, the Hang Seng Tech Index trades at a P/E ratio of 21.89x, positioned at the 23.77% percentile level over the past five years. (Data source: Hang Seng Indices, Wind, as of 2025/8/28)
With its large scale, superior liquidity, low fees, and coverage of numerous technology themes, Hang Seng Tech ETF (513130) may serve as an effective tool for investors to capture overall opportunities in Hong Kong's tech sector. Off-exchange investors may consider its feeder funds (Class A 015310, Class C 015311).
Policy source: "Opinions on Deep Implementation of 'AI+' Actions" - State Council - 2025/8/26; Hang Seng Tech ETF (513130) was established on 2021/5/24; T+0 is an exchange trading mechanism.
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