Recent breakthroughs in China's large language models have boosted confidence in capital markets. According to statistics, during the week of February 9–15, 2026, Chinese models recorded 4.12 trillion tokens in usage, surpassing the 2.94 trillion tokens of U.S. models for the first time. In the following week from February 16–22, usage of Chinese models surged further to 5.16 trillion tokens, marking a 127% increase over three weeks. Meanwhile, Chinese models occupied four of the top five spots in global usage rankings, indicating that domestic models may be accelerating their capture of global market share through rapid iteration and cost advantages.
Bolstered by this positive development, Hong Kong's technology sector, which includes several major model developers, saw a rebound in early trading today. Prior to this, the sector had experienced a prolonged correction, driving the Hang Seng Tech Index's price-to-earnings ratio down to 21.09 times, near a historically low percentile of 16.92% over the past five years, creating a window for capital deployment. Wind data shows that the Hang Seng Tech ETF (513130) received a net subscription of 2 billion shares yesterday, with total turnover reaching 6.07 billion yuan, a more than 46% increase from the previous day. Over the past five trading days, the ETF has attracted over 4.3 billion yuan in inflows, reflecting strong market confidence in the long-term prospects of the AI sector.
The Hang Seng Tech ETF (513130) closely tracks the Hang Seng Tech Index, which focuses heavily on the AI industry. Its constituent stocks cover key segments of the AI supply chain, including computing power, model development, and application deployment. Combined with Hong Kong's role as a gateway for global capital, the sector is well-positioned to benefit from the growth of the global AI industry. Recent uncertainties, such as the transition in Federal Reserve leadership, have largely been priced in, potentially limiting further downside. As reasoning and multimodal models continue to evolve, major tech firms are integrating ecosystems and accelerating AI commercialization across industries, leveraging their advantages in data, application scenarios, and platform infrastructure to drive value reassessment.
The Hang Seng Tech ETF (513130), which supports intraday T+0 trading, is one of the most widely recognized tools for investing in Hong Kong's tech sector. With a current size of 49.086 billion yuan, it holds a significant scale advantage, and its average daily turnover this year has exceeded 5.3 billion yuan, making it the only ETF tracking the Hang Seng Tech Index with average daily turnover above 5 billion yuan. The fund's management fee is 0.2% per year.
The fund manager of Hang Seng Tech ETF (513130) and its feeder funds (Class A 015310, Class C 015311), Huatai-PineBridge Fund, is one of China's earliest ETF managers. For years, it has been committed to providing investors with transparent, easily tradable, and low-cost index products. Two of its flagship ETFs—Huatai-PineBridge CSI 300 ETF (510300) and Huatai-PineBridge CSI 500 ETF (563360)—are highly popular in the market and currently rank first in scale among similar ETFs. Their management fee is 0.15% per year, and the custody fee is 0.05% per year, both among the lowest tiers for equity index funds in the market.
A bullish MACD crossover signal has formed, indicating positive momentum for several stocks.
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