Recent market trends in Hong Kong stocks and A-shares have shown divergence. As A-shares gradually enter a valuation digestion phase following their rise, the relative advantages of quality Hong Kong assets are beginning to emerge, significantly boosting investor risk appetite and trading sentiment in Hong Kong stocks. Wind data shows that since September, Hong Kong tech sector-related ETF products have collectively received over 17 billion yuan in additional capital inflows. Among these, the Hang Seng TECH ETF (513130), which includes numerous Hong Kong tech leaders, recorded daily trading volumes of 6.333 billion yuan and 6.631 billion yuan respectively over the past two trading days (9/9-9/10), showing significantly increased trading activity. (Data source: Wind, as of 2025/9/10)
The recent strength in Hong Kong's tech sector is primarily supported by several factors providing marginal support for valuation increases: local Hong Kong liquidity easing, rising Fed rate cut expectations, and strengthening AI trends. On one hand, the US August PPI data fell short of expectations across the board, further raising the probability of a September rate cut, which could significantly benefit the interest rate-sensitive Hong Kong tech sector. On the other hand, with AI trends strengthening, capital is seeking core targets in AI hardware and applications, positioning the Hong Kong tech sector as a potential beneficiary.
Kaiyuan Securities highlights two major advantages of Hong Kong's internet sector: first, self-developed AI chips and cloud business expansion continue to strengthen earnings certainty; second, current valuations are in a recovery range with potential to attract incremental capital. Based on this foundation, Hong Kong stocks overall have low valuations and excellent asset quality, while companies are increasing dividend payments and share buybacks. Combined with gradually easing external liquidity conditions, active foreign capital is expected to begin flowing in. (Source: "Asset Mining Opportunities in Hong Kong Stock Catch-up Rally" - 2025/9/10)
The Hang Seng TECH ETF (513130) closely tracks the Hang Seng TECH Index, one of the representative indices in Hong Kong's tech sector. It encompasses 30 Hong Kong market companies with strong R&D capabilities, including internet platforms and technology manufacturing enterprises, covering multiple pan-tech sectors such as internet, software, automotive, semiconductor, and telecommunications, with strong market representation. It is positioned to benefit from the overall valuation increase in Hong Kong's tech sector. As of 2025/9/10, the index's top five constituent stocks are Alibaba-W, Tencent Holdings, NetEase-S, Meituan-W, and Xiaomi Group-W. (Top five constituent stocks and data source: Hang Seng Indices Company, Wind, as of 2025/9/10. Individual stocks mentioned are for index constituent display only, not stock recommendations, and do not constitute any investment advice.)
Additionally, on the news front, on September 10, 2025, a leading Hong Kong internet company held a press conference in Hangzhou for a "major business announcement," launching the world's first ranking list based on user behavior, marking another important initiative in the local lifestyle services market and potentially becoming another engine for internet company earnings growth.
The Hang Seng TECH ETF (513130) is among the more popular ETF products for investing in Hong Kong's tech sector, with over 220,000 account holders according to the latest fund periodic reports. Furthermore, the Hang Seng TECH ETF (513130) has the latest scale of 38.919 billion yuan and latest shares of 49.737 billion shares. Combined with its support for intraday T+0 trading, it offers multiple advantages including large scale, superior liquidity, and low fees. Wind data shows that as of 2025/9/10, the Hang Seng TECH Index has a latest P/E ratio of 22.73, positioned at a reasonable 29.89% percentile level within the past 5 years, showing advantages compared to the Nasdaq 100's 35.47x and STAR 50's 173.63x. The Hang Seng TECH ETF (513130) and its feeder funds (Class A 015310, Class C 015311) help investors capture valuation increase opportunities in Hong Kong's tech sector. (Scale and share data source: Exchange, as of 2025/9/10)
Note: Hang Seng TECH ETF (513130) was established on 2021/5/24; T+0 refers to the exchange trading mechanism.
Risk Warning: Funds involve risks, and investment requires 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 capacity based on your own risk tolerance. 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 investment requires attention to investment risks. Please carefully read legal documents such as the fund contract, fund prospectus, and product summary to understand the specific situation of the fund. This fund can 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 and assumes no responsibility for any errors in the index.
MACD golden cross signal formation indicates good upward momentum for these stocks!
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