On May 6, following a pattern of rising then falling during the Labor Day holiday, Hong Kong's internet sector stabilized and moved upward. The majority of leading internet companies showed strength, with Alibaba-W rising over 3%, while Xiaomi Group-W and Kuaishou-W gained over 1%. Tencent Holdings declined over 1%. The core AI tool for Hong Kong stocks, the Huabao Hong Kong Stock Connect Internet ETF (513770), saw its on-exchange price increase by 2.68%, climbing above its 5-day moving average.
Notably, two major international investment banks, Goldman Sachs and UBS, recently issued new market strategies, both expressing firm optimism toward Chinese assets, with particular focus on the Hong Kong market. UBS specifically mentioned that H-shares, especially the Hang Seng Tech Index, are poised to benefit from catalysts such as an easing in food delivery price wars and the launch of new AI models like DeepSeek. Goldman Sachs believes both A-shares and H-shares have potential upside over the next two months. Even facing short-term disturbances like geopolitical factors, the risk-reward ratio for Chinese equities remains attractive.
Guotai Haitong Securities also pointed out that the unique adverse factors previously suppressing Hong Kong stocks are gradually improving. On one hand, against a backdrop of domestic stability and increasing recognition of the Hong Kong capital market's advantages, the trend of sustained foreign capital flowing back into the Hong Kong market in 2026 is expected to continue. On the other hand, since the beginning of the year, domestic AI large language models have stood out globally due to their excellent performance, with "Token出海" (Token going global) becoming a significant catalyst for a fundamental reversal in Hong Kong stocks.
To capitalize on 2026 as the inaugural year of AI commercialization, focus on the core AI tools within the Hong Kong market. The Huabao Hong Kong Stock Connect Internet ETF (513770) and its feeder funds (Class A: 017125; Class C: 017126) passively track the CSI Hong Kong Stock Connect Internet Index. Its top ten holdings aggregate tech giants like Alibaba-W and Tencent Holdings, alongside AI application companies from various sectors, demonstrating significant leading advantages. It offers T+0 trading intraday and good liquidity.
Interested in Hong Kong tech but hoping to reduce volatility? Consider the market's first offering—the Huabao Hong Kong Stock Connect Hang Seng China (Hong Kong Listed) 30 ETF (520560). It employs a "Tech + Dividend" barbell strategy, with heavyweight holdings including high-growth tech stocks like Alibaba, as well as stable, high-dividend stocks from sectors like banking and insurance, making it an ideal long-term core holding tool for Hong Kong equity allocation.
A reminder: Recent market volatility may be significant. Short-term gains or losses are not indicative of future performance. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying close attention to position sizing and risk management.
Data source: Shanghai and Shenzhen Stock Exchanges, etc.
ETF fee-related information: When subscribing for or redeeming fund units, the subscription/redemption agent may charge a commission of up to 0.5%, which includes relevant fees charged by the stock exchange, registration institution, etc. Feeder fund fee-related information: For the Huabao CSI Hong Kong Stock Connect Internet ETF Feeder Fund (Class A), the subscription fee (front-end load) is 1,000 RMB per transaction for subscription amounts over 2 million RMB, 0.6% for amounts between 1 million RMB (inclusive) and 2 million RMB, and 1% for amounts below 1 million RMB. The redemption fee is 1.5% for holding periods under 7 days, and 0% for holding periods of 7 days or more; no sales service fee is charged. The Huabao CSI Hong Kong Stock Connect Internet ETF Feeder Fund (Class C) charges no subscription fee. The redemption fee is 1.5% for holding periods under 7 days, and 0% for holding periods of 7 days or more; the sales service fee is 0.3%.
Risk提示: The Huabao Hong Kong Stock Connect Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index. This index has a base date of December 30, 2016, and was published on January 11, 2021. The composition of the index's constituent stocks is adjusted according to its compilation rules. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks are not investment advice in any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk等级 as R4 - Medium-High Risk, suitable for Aggressive (C4) and higher risk-profile investors. Any information appearing herein is for reference only, and investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. The performance of other funds managed by the fund manager does not guarantee this fund's performance. Past performance of the fund is not indicative of its future results. Fund investment carries risks; invest cautiously.
A MACD golden cross signal has formed, and these stocks are performing well.
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