Tensions have eased as former President Trump announced a temporary halt to plans targeting Iran's power infrastructure, leading to a rebound in U.S.-listed Chinese stocks overnight. On March 24, Hong Kong's Hang Seng Index and Hang Seng Tech Index opened higher, with internet giants posting broad gains. Meituan-W surged 3%, while Alibaba-W, Tencent Holdings, and Xiaomi Group-W each rose over 1%. The Hong Kong Internet ETF (513770), a key tool for investing in Hong Kong AI themes, saw its price rise 1.91% during the session.
In corporate news, Alibaba's DAMO Academy is set to unveil a significant new chip product today, which is expected to address the soaring computational power demands driven by the rise of AI agents this year. According to last week's earnings call, Alibaba's T-Head semiconductor unit has achieved mass production of its self-developed GPU chips, with cumulative deliveries reaching 470,000 units as of February. Alibaba Group Chairman Joe Tsai recently announced the company's full-scale entry into the era of AI agents.
Zheshang Securities noted that while Hong Kong tech stocks have been pressured by short-term geopolitical uncertainties and are expected to fluctuate within a range, investors should remain patient for signs of market stabilization. Over a quarterly horizon, the firm maintains a positive outlook on the market's potential for a "systematic slow bull" trend, suggesting attention to structural allocation opportunities during periods of volatility.
Looking further ahead, the internet sector—a bellwether for Hong Kong stocks—is projected to reach an inflection point in profitability by 2026, as competitive dynamics stabilize. This is anticipated to improve overall corporate earnings growth in the Hong Kong market and significantly boost investor confidence.
With 2026 seen as the inaugural year of AI commercialization, investors are advised to focus on core AI investment tools in Hong Kong. The Hong Kong Internet ETF (513770) and its feeder funds (Class A: 017125; Class C: 017126) track the CSI Hong Kong Stock Connect Internet Index. Its top holdings include leading tech giants such as Alibaba-W, Tencent Holdings, Xiaomi Group-W, Kuaishou-W, and Bilibili-W, along with AI application companies across various sectors, offering significant exposure to industry leaders. The ETF supports intraday T+0 trading and maintains high liquidity.
For investors seeking exposure to Hong Kong tech with reduced volatility, the Hong Kong Large-Cap 30 ETF (520560)—the first of its kind in the market—employs a "tech + dividend" barbell strategy. Its portfolio combines high-growth tech stocks like Alibaba and Tencent with stable, high-dividend names such as China Construction Bank and Ping An Insurance, making it an ideal long-term core holding for Hong Kong equity allocations.
Investors are reminded that recent market volatility may persist, and short-term performance should not be taken as indicative of future returns. It is essential to invest rationally based on individual financial circumstances and risk tolerance, with careful attention to position sizing and risk management.
Data source: Shanghai and Shenzhen stock exchanges.
Institutional views sourced from: Everbright Securities report dated March 11, 2026, "OpenClaw Ushers in New Agent Era, Hong Kong Tech Returns to AI Growth Trend"; Galaxy Securities report dated March 2, 2026, "Navigating Structural Opportunities in Hong Kong Stocks Amid the Start of the 15th Five-Year Plan."
ETF fee note: Subscription and redemption agents may charge a commission of up to 0.5%, which includes fees levied by exchanges and registration institutions. Feeder fund fee details: For Class A shares of the Huabao CSI Hong Kong Stock Connect Internet ETF Feeder Fund, a front-end subscription fee applies—1% for subscriptions under RMB 1 million, 0.6% for RMB 1–2 million, and a flat fee of RMB 1,000 for subscriptions over RMB 2 million. Redemption fees are 1.5% for holdings under 7 days and 0% thereafter; no sales service fee is charged. Class C shares do not charge a subscription fee; redemption fees are 1.5% for holdings under 7 days and 0% thereafter, with a 0.3% annual sales service fee.
Risk disclosure: The Hong Kong Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index, which has a base date of December 30, 2016, and was launched on January 11, 2021. Index constituents are adjusted periodically per its methodology. Constituent stocks mentioned are for illustrative purposes only and do not constitute investment advice or reflect the holdings or trading activities of the fund manager. The fund manager assesses this ETF as R4—moderately high risk, suitable for aggressive (C4) or higher risk-rated investors. All information provided is for reference only; investors are solely responsible for their investment decisions. Views, analysis, and forecasts do not constitute investment advice, and no liability is accepted for direct or indirect losses resulting from the use of this content. Past performance of other funds managed by the fund manager is not indicative of future results. Fund investments carry risks; invest with caution.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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