Recent developments surrounding OpenClaw have sparked a surge in domestic AI agent development. Major domestic internet companies are leveraging their application ecosystems to launch more accessible and compatible Claw agents. Notably, on March 9, 2026, a leading internet firm announced the official launch of its full-scenario AI agent, WorkBuddy. Concurrently, policy support is intensifying, with cities like Shenzhen and Wuxi successively releasing specialized support policies—"Crayfish Ten Measures" and "Crayfish Twelve Measures"—providing subsidies for deployment support, computing power subsidies, technical research, and scenario implementation.
Against this backdrop, domestic large-scale model cloud providers have become a key market focus, leading to a significant rebound in the Hong Kong technology sector. Related products such as the Hang Seng Tech ETF (513130) have seen active and heavy trading volumes. Since March 2026, this ETF has attracted over 2.6 billion yuan in cumulative inflows, making it the only product tracking the Hang Seng Tech Index with net inflows exceeding 2 billion yuan.
Market observers note that with the explosive popularity of OpenClaw, competition within the AI industry is gradually shifting from model capability rivalry to ecosystem competition centered on computing power and agents. This trend is expected to accelerate integration across the industry chain, potentially making AI agents one of the first AI applications to achieve widespread adoption. Consequently, this could drive substantial growth in model token usage, inference computing power, and cloud service demand. Vertical AI application products in sectors such as tools, social media, and entertainment are poised to benefit from continuous improvements in model capabilities.
The Hong Kong technology sector occupies a critical position within the AI ecosystem. The Hang Seng Tech Index, which the Hang Seng Tech ETF (513130) closely tracks, aggregates core technology enterprises including Chinese internet platforms, cloud computing service providers, and AI technology companies. Its industry chain coverage spans key areas such as computing infrastructure, AI model capabilities, application scenarios, and commercial monetization, positioning it to deeply benefit from the current wave of AI agent development.
Furthermore, driven by marginal easing in geopolitical tensions, record inflows from southbound capital, and better-than-expected earnings reports from overseas tech giants, the Hong Kong technology sector may be approaching a pivotal moment of triple resonance—combining industrial trends, market sentiment, and capital flows. Wind data indicates that the Hang Seng Tech Index's current price-to-earnings ratio of 21.35 times is at a relatively low historical percentile of 21.46% over the past five years, suggesting a potentially important configuration window.
The Hang Seng Tech ETF (513130), which supports intraday T+0 trading, is one of the mainstream tools recognized by investors for allocating to the Hong Kong technology sector. With a latest size of 51.449 billion yuan, it holds a significant scale advantage. Its average daily turnover year-to-date exceeds 5.8 billion yuan, making it the only ETF tracking the Hang Seng Tech Index with an average daily turnover over 5.1 billion yuan during the same period. The product's management fee rate is 0.2% per annum.
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 first ETF managers. For years, it has been committed to providing investors with index tool products characterized by transparent targeting, convenient trading, and low fees. Two of its flagship ETF products—Huatai-PineBridge CSI 300 ETF (510300) and Huatai-PineBridge A500 ETF (563360)—are highly popular in the market and currently rank first in size among similar ETFs. Their management fee rate is 0.15% per annum, and the custody fee rate is 0.05% per annum, both among the lowest tiers for equity index funds in the current market.
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