Today (November 14, 2025), Hong Kong's technology sector opened lower and extended losses, experiencing a significant pullback. However, driven by strong earnings from leading internet and semiconductor companies and the launch of a new large-scale AI model project, related ETF products saw active trading. Wind data shows that the Hang Seng Tech ETF (513130) recorded a trading volume exceeding RMB 3.3 billion by midday, indicating investor interest in the sector amid the correction.
On the news front, third-quarter earnings reports from Hong Kong's tech giants began rolling out this week. On November 13, 2025, after market close, a leading internet company reported double-digit growth in its core business, surpassing market expectations. The positive cycle of AI investments and high-quality growth was reaffirmed, boosting market confidence in the sector's fundamentals. Another leading semiconductor foundry also released its quarterly report, showing year-on-year and quarter-on-quarter improvements in revenue and gross margin, with both quarterly revenue and capacity hitting record highs. (Source: Company quarterly reports)
Additionally, another Hong Kong-listed internet giant has initiated a new large-scale AI model project, aiming to develop a personal AI assistant based on the Qwen model. This project is positioned to compete with ChatGPT, with the goal of catching up to rivals and monetizing from individual users—a significant step for China's AI development. (Source: "Aiming to Rival ChatGPT!"—China Fund News, November 14, 2025)
Amid these positive developments, Hong Kong's tech sector has regained market attention. The Hang Seng Tech ETF (513130) now boasts a size exceeding RMB 43.565 billion, with an average daily trading volume of RMB 5.2 billion this year, reflecting its large scale and strong liquidity. The underlying index includes 30 representative internet and tech manufacturing leaders in Hong Kong, with top holdings being Alibaba-W, SMIC, Tencent Holdings, Meituan-W, and NetEase-S, making it a key tool for exposure to the sector. (Top holdings and data source: Hang Seng Index Company, Wind, as of November 13, 2025. Individual stocks are for illustrative purposes only and do not constitute recommendations.)
Amid overseas volatility and year-end risk aversion, Hong Kong's tech sector has recently undergone adjustments. As of November 13, 2025, Wind data shows the Hang Seng Tech Index's P/E ratio at 23.09x, near the 33.08% percentile of its five-year range—meaning current valuations are lower than over 66% of historical levels. It also trades below the P/E ratios of the STAR 50 Index (159.97x) and the Nasdaq Tech Index (31.87x), suggesting an attractive entry point. As earnings reports continue, companies' profit resilience and AI commercialization progress may provide further catalysts.
The Hang Seng Tech ETF (513130) is a widely recognized tool for exposure to Hong Kong's tech sector, with over 220,000 holders as of its mid-2025 report. It offers advantages such as size, liquidity, and intraday T+0 trading, with a low annual management fee of 0.2%, making it cost-effective for investors. Off-exchange investors can consider its feeder funds (Class A 015310, Class C 015311). (Fee data source: Fund documents, as of November 13, 2025.)
Note: Intraday T+0 refers to exchange trading mechanisms.
Risk Warning: Investing involves risks. Investors should assess suitability based on their risk tolerance and review fund documents, including the prospectus and key facts statement. Past performance does not indicate future results. The fund invests in overseas markets, exposing investors to additional risks such as currency fluctuations and foreign market volatility. The index is compiled by Hang Seng Index Company, which disclaims liability for any inaccuracies.
Comments