Recent improvements in capital market liquidity conditions both domestically and internationally for Hong Kong stocks have driven the technology sector to open higher in early trading today, with strengthened market sentiment and trading activity.
From an overseas perspective, on the evening of September 6, 2025 Beijing time, the U.S. Bureau of Labor Statistics announced that U.S. non-farm employment in August increased by only 22,000, significantly below market expectations of 75,000. Employment market risks have risen again, leading markets to increase bets on the probability of a September rate cut. The Hong Kong stock market is expected to become an important destination for foreign capital rebalancing. Regarding the Hong Kong stock market, short-term financing costs have declined from their peaks. As of September 5, 2025, overnight Hibor, after climbing to its highest level this year on September 1, fell 149 basis points last week, with the overall trend showing signs of stabilization. (Data source: Wind)
The Hang Seng TECH Index, which is closely tracked by the Hang Seng TECH ETF (513130), represents one of the benchmark indices for Hong Kong's technology sector. It comprises 30 Hong Kong-listed companies with strong R&D capabilities and industry competitiveness in internet and technology manufacturing sectors, covering multiple fields including software, internet platforms, semiconductors, chips, and computers, providing strong representativeness and comprehensiveness. The index is expected to benefit from opportunities in Hong Kong's technology sector amid favorable conditions including stable Hibor rates, anticipated Federal Reserve rate cuts, and the conclusion of interim earnings season. (Data sources: Wind, Hang Seng Indices Company, as of September 5, 2025)
Wind data shows that the Hang Seng TECH ETF (513130) experienced net capital inflows on 15 out of the recent 20 trading days (August 11 to September 5), with cumulative net inflows reaching 5.103 billion yuan, making it the only product among similar ETFs targeting the same underlying assets to achieve net inflows exceeding 4.1 billion yuan during the same period. The concentrated capital inflows have helped boost the ETF's latest shares outstanding and assets under management to 49.106 billion shares and 36.918 billion yuan respectively, with shares outstanding reaching a historical high since inception. (Share and AUM data source: Exchange; Other data source: Wind)
In a research report, Huatai Securities noted that multiple factors including potential Federal Reserve rate cuts, U.S. financial deregulation, stablecoin expansion, and treasury duration adjustments could further drive down the U.S. dollar index, signaling improved global financial conditions. Based on this, Asian currencies, particularly the renminbi, have further appreciation potential, enhancing the attractiveness of the Hong Kong stock market to foreign investors.
According to the latest fund periodic reports, the Hang Seng TECH ETF (513130) has over 220,000 shareholders, making it a popular choice for investing in Hong Kong's technology sector. Combined with its advantages of large scale, superior liquidity, low fees, and support for intraday T+0 trading, its trading convenience is further enhanced. Against the backdrop of continuously improving internal and external conditions for Hong Kong stocks, the technology sector as a pioneer of Hong Kong stocks is positioned to demonstrate stronger development potential. Investors may consider the Hang Seng TECH ETF (513130) and its feeder funds (Class A 015310, Class C 015311).
The fund manager of Hang Seng TECH ETF (513130), Huatai-PineBridge Fund Management, is one of the first domestic ETF managers. The company has successfully created the CSI 300 ETF (510300), currently the largest ETF by assets in the A-share market, the A500 ETF Huatai-PineBridge (563360) with the largest scale in its category, and the Dividend Low Volatility ETF (512890), among other premium ETF products. The company maintains an 18-year record of zero operational errors in ETF management, committed to providing investors with diversified, high-quality index investment tools.
Note: Hang Seng TECH ETF (513130) was established on May 24, 2021; T+0 refers to the exchange trading mechanism; According to exchange data, as of September 5, 2025, CSI 300 ETF (510300) has assets under management of 414.387 billion yuan; A500 ETF Huatai-PineBridge (563360) has assets under management of 20.909 billion yuan.
Risk Warning: Fund investments carry risks and should be made with caution. If you need to purchase related fund products, please pay attention to investor suitability management regulations, conduct risk assessments in advance, and purchase fund products with risk levels matching your risk tolerance based on your own risk-bearing capacity. Past performance of funds does not predict future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Fund investments require attention to investment risks. Please carefully read legal documents such as fund contracts, fund prospectuses, and product summaries to understand the specific conditions of the fund. This fund may invest in overseas securities markets and, in addition to bearing general investment risks such as market volatility risks similar to domestic securities investment funds, will also face special investment risks such as exchange rate risks and overseas securities market risks. The index is compiled and published by Hang Seng Indices Company, and its ownership belongs to Hang Seng Indices Company. Hang Seng Indices Company will take all necessary measures to ensure the accuracy of the index but makes no guarantee thereof and bears no responsibility to anyone for any errors in the index.
Comments