On April 7, while the Hong Kong stock market was still closed for a holiday, A-share listed Hong Kong stock-themed ETFs collectively showed an upward trend. The market's first ETF focusing on the "Hong Kong chip" industry chain, Huabao Hong Kong Stock Connect Information Technology ETF (159131), traded in positive territory with a current increase of 0.65%.
Soochow Securities' weekly perspective on Hong Kong stocks indicated that the US-Iran conflict has entered a critical week, where the possibility of reaching an agreement will be key to market direction. Should an agreement be reached, the market may have passed its阶段性 low point; failure to reach an agreement would present significant challenges. If强硬 actions occur around April 7 or persist longer than expected, US stocks could face increased downward pressure, potentially impacting Hong Kong stocks through联动 effects. Short-term volatility risks remain, suggesting continued observation. For those considering adding positions during a rebound, priority might be given to the anchor of growth trends—AI上游 hardware. Investors with lower risk tolerance are advised to maintain a base of value dividend stocks while continuously关注 China's globally scarce assets.
Fundamentally, alongside the explosion in AI computing demand, Hong Kong's hard tech sector delivered impressive results for 2025. Among the 50 constituents of the CSI Hong Kong Stock Connect Information Technology Composite Index, 39 companies achieved year-on-year growth in net profit attributable to parent company shareholders, with 12 reporting over 100% growth. Lenovo Holdings reported a net profit attributable to parent company shareholders of RMB 10.61 billion for 2025, a significant increase of 696% year-on-year; Q Technology achieved a net profit of RMB 14.94 billion, up 435% year-on-year; Xiaomi Corporation-W recorded a net profit of RMB 41.6 billion, a substantial 76% increase.
Directly targeting the super cycle in Hong Kong chip stocks! The Huabao Hong Kong Stock Connect Information Technology ETF (159131), the market's first ETF focusing on the "Hong Kong chip" industry chain and offering T+0 trading, has a feeder fund code of 026755. Its underlying index consists of "70% hardware + 30% software," heavily weighted in Hong Kong stocks related to "semiconductors + electronics + computer software," covering 50 hard tech companies. Among these, Xiaomi Corporation-W has a weight of 13.25%, SMIC 12.54%, Lenovo Group 9.04%, and Hua Hong Semiconductor 7.09%. The ETF excludes large-cap internet companies like Alibaba, Tencent, and Meituan, offering higher锐度 and better capturing the AI hard tech trend in Hong Kong stocks. (Data as of March 31, 2026)
Source: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges. Note: "The market's first" refers to Huabao Hong Kong Stock Connect Information Technology ETF (159131) being the first ETF tracking the CSI Hong Kong Stock Connect Information Technology Composite Index.
Fund fee note: Subscription and redemption agents for the Hong Kong Information Technology ETF may charge a commission of up to 0.5%. On-exchange trading fees are subject to securities firms' actual charges. No sales service fee is charged. *Institutional perspective source: Soochow Securities report dated April 7, 2026.
Risk warning: Huabao Hong Kong Stock Connect Information Technology ETF and its feeder fund passively track the CSI Hong Kong Stock Connect Information Technology Composite Index, with a base date of November 14, 2014, and publication date of June 23, 2017. Index constituents shown are for illustrative purposes only; individual stock descriptions are not investment advice and do not represent the holdings or trading动向 of any fund managed by the management company. This product is issued and managed by Huabao Fund; selling institutions do not bear investment, redemption, or risk management responsibilities for the product. Investors should carefully read the "Fund Contract," "Prospectus," and "Fund Product Summary" to understand the fund's risk-return profile and choose products matching their risk tolerance. Past performance does not predict future results; the performance of other funds managed by the manager does not guarantee this fund's performance. Fund investment involves risks. The manager assesses this fund's risk等级 as R4 - medium-high risk, suitable for aggressive (C4) and above investors. Selling institutions (including the manager's直销机构 and others) evaluate the fund's risk per relevant laws; investors should promptly follow the selling institution's appropriateness opinions and base decisions on matching results. Appropriateness opinions may vary among selling institutions, and their risk等级 evaluations cannot be lower than the manager's assessment. Differences may exist between the fund contract's risk-return characteristics and the risk等级 due to different factors. Investors should understand the fund's risks and returns,结合 their investment goals, horizon, experience, and risk tolerance to choose基金产品 and bear risks independently. CSRC registration does not guarantee the fund's investment value, prospects, or returns. Funds carry risks; invest cautiously.
Comments