Hong Kong stocks opened lower on April 23, with leading internet companies experiencing a collective pullback. XIAOMI-W declined nearly 3%, while TENCENT and Meituan-W fell over 1%, and BABA-W dropped 0.6%. The core Hong Kong AI investment tool - HuaBao Hong Kong Internet ETF (513770) - saw its market price decrease by 1.86%, falling below all moving averages.
According to The Information, TENCENT and Alibaba are negotiating an investment in DeepSeek at a valuation exceeding $200 billion. Previous reports indicated that DeepSeek's new flagship large model V4 will officially launch in late April. Huaxin Securities noted that DeepSeek represents Chinese large models ranking among the global top five, with AI accelerating into a critical window for application implementation. Artificial intelligence is expected to experience genuine policy-industry synergy.
Additionally, early this morning, Xiaomi officially released and began public testing of its MiMo-V2.5 series large models. The MiMo-V2.5-Pro is specifically designed for complex Agent tasks, supporting 1 million context length, making it Xiaomi's most powerful model to date. In dimensions including general agent capabilities, complex software engineering, and long-range tasks, MiMo-V2.5-Pro can compete directly with global top-tier Agent models like Claude Opus 4.6 and GPT-5.4, achieving comprehensive improvements over the previous generation MiMo-V2-Pro.
Guotai Haitong Securities pointed out that previously suppressing factors specific to Hong Kong stocks are gradually improving. On one hand, against the backdrop of domestic stability and increasing recognition of Hong Kong's capital market advantages, the trend of foreign capital continuously flowing back into the Hong Kong market is expected to continue through 2026. On the other hand, since the beginning of the year, domestic AI large models have stood out globally with outstanding performance, with "Token出海" becoming an important catalyst for the fundamental reversal of Hong Kong stocks.
Seizing the 2026 AI commercialization inaugural year requires attention to core Hong Kong AI tools. The Hong Kong Internet ETF (513770) and its connected funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Stock Connect Internet Index, with top ten constituent stocks aggregating tech giants like BABA-W and TENCENT alongside AI application companies across various sectors, demonstrating significant leading advantages with intraday T+0 trading and good liquidity.
Interested in Hong Kong tech but seeking reduced volatility? Consider the market's first Hong Kong Large Cap 30 ETF (520560), featuring a "tech + dividend" barbell strategy. Its heavyweight stocks include high-volatility tech stocks like Alibaba while incorporating stable high-dividend stocks from banking and insurance sectors, making it an ideal long-term allocation tool for Hong Kong markets.
Recent market volatility may be significant, with short-term gains/losses not indicating future performance. Investors should make rational investments based on their capital situation and risk tolerance, paying high attention to position and risk management.
ETF fee information: Subscription/redemption agents may charge commissions up to 0.5%, including relevant fees from exchanges and registration institutions. Connected fund fees: HuaBao CSI Hong Kong Stock Connect Internet ETF联接基金 (Class A) subscription rates are 1,000 RMB per transaction for amounts over 2 million RMB, 0.6% for 1-2 million RMB, and 1% below 1 million RMB; redemption fees are 1.5% for holdings under 7 days and 0% for 7+ days; no sales service fee. The Class C fund charges no subscription fee, with redemption fees of 1.5% for holdings under 7 days and 0% for 7+ days; sales service fee is 0.3%.
Risk disclosure: The Hong Kong Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index (base date 2016.12.30, published 2021.1.11), with constituent adjustments per index rules. Constituent stock descriptions aren't investment advice nor represent fund holdings. The fund manager assesses this fund as R4-medium high risk, suitable for aggressive (C4+) investors. All information herein is for reference only, with investors responsible for independent decisions. Views/analysis don't constitute investment advice, and no liability is accepted for losses. Other fund performance doesn't guarantee this fund's results. Past performance doesn't indicate future returns. Fund investment carries risks requiring caution.
MACD golden cross signals have formed, with several stocks showing good performance momentum.
Comments