As of 14:00, Hong Kong stocks rebounded across the board today, with the Hong Kong technology sector showing particularly strong performance and becoming a key focus for capital flows. According to Wind data, southbound capital recorded a net inflow of HK$35.876 billion into Hong Kong stocks on August 15, setting a new record for single-day net inflows since the launch of the Stock Connect mechanism (November 17, 2014). This also marks the fourth time in 2025 that single-day net inflow records have been broken. From a capital flow perspective, the top five stocks by net purchases through Shanghai-Shenzhen-Hong Kong Stock Connect were all major constituents of the Hang Seng Technology Index, demonstrating mainland investors' allocation demand for Hong Kong technology stocks. (Data source: Hang Seng Indices Company, Wind, as of August 15, 2025)
The Hang Seng Technology ETF (513130) is a popular product for investing in Hong Kong's technology sector. Wind data shows that it attracted RMB 856 million in net inflows last week (August 11-15), making it the only ETF tracking the Hang Seng Technology Index to attract over RMB 600 million in capital inflows. Driven by strong capital inflows, the Hang Seng Technology ETF (513130) has continued to expand its share base. Exchange data shows that as of August 15, 2025, its outstanding shares reached 43.487 billion, a new high since its inception (May 24, 2021).
Additionally, the Hang Seng Technology ETF (513130) has seen increased trading volume recently. Last week (August 11-15), its average daily trading value reached RMB 4.436 billion, significantly higher than the average level of RMB 3.876 billion since July (through August 8). As of this morning's trading session, the ETF's intraday trading value has already reached RMB 3.7 billion. The Hang Seng Technology ETF (513130) supports T+0 trading, which is expected to further enhance its liquidity and trading convenience advantages. (Data source: Wind)
The Hang Seng Technology ETF (513130) closely tracks the Hang Seng Technology Index, which comprises numerous scarce internet technology companies in the Hong Kong stock market. As leading companies gradually release their interim results, the logic of AI-driven profitability has been validated. The Hang Seng Technology Index, which is positioned in the AI industry chain, is expected to fully benefit from the development dividends of the new round of AI commercialization, potentially forming complementary allocation value with A-share technology sectors. As of August 15, the index's top five constituents are Tencent Holdings, Alibaba-W, NetEase-S, Xiaomi Group-W, and SMIC. (Index top five constituents and data source: Hang Seng Indices Company, Wind, as of August 15, 2025. The mentioned stocks are for display purposes only to show the index's top five constituents, not individual stock recommendations, and do not constitute any investment advice)
From a valuation perspective, the current P/E ratio of the Hang Seng Technology Index is 21.94x, which is only at the 23.57% percentile of the past five years' range. With the dual catalysts of improving performance and positive industry development, the index's valuation may still have room and momentum for further expansion. (Data source: Wind, as of August 15, 2025)
The Hang Seng Technology ETF (513130) covers multiple sectors including internet, semiconductors, and new energy vehicles, and is expected to benefit from broad opportunities brought by improved market sentiment and confidence. Off-exchange investors can also consider its feeder funds (Class A 015310, Class C 015311) to help capture opportunities from the revaluation of Hong Kong's technology sector.
Note: The Hang Seng Technology ETF (513130) was established on May 24, 2021; T+0 refers to the exchange trading mechanism.
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