In early trading on May 22, Hong Kong's hard technology sector surged ahead, leading the broader market. The largest and most liquid* HK-Connect Information Technology ETF, Huabao (159131), opened sharply higher, gaining over 3% with a real-time turnover of 139 million yuan.
Media reports indicate that, according to data, NVIDIA has invested approximately $90 billion in mergers and acquisitions over the past 16 months to strengthen its control over the AI industry. This capital has flowed to more than 145 companies, spanning AI model developers, cloud service providers, and infrastructure suppliers.
Guojin Securities stated that, based on better-than-expected earnings from multiple companies in the AI supply chain, the rapid iteration of Google's TPUs, explosive revenue growth at Anthropic, accelerated capacity expansion of TSMC's advanced processes for AI chips, major CSPs securing long-term storage capacity agreements, and rising GPU rental prices, demand for AI appears very robust in both the short and medium term. The firm is optimistic about AI-related copper-clad laminates/PCBs, core computing hardware, and semiconductor equipment.
Since rebounding from its low on March 31, the underlying index of the HK-Connect Information Technology ETF Huabao (159131)—the CSI HK-Connect Information Technology Composite Index—has accumulated a gain of 26.32%. Over the same period, the Hang Seng Tech Index and the HK-Connect Tech Index rose by only 3.92% and 1.91% respectively, highlighting its sharper performance and greater elasticity.
Statistical period: March 31, 2026 - May 20, 2026. The annual historical returns for the HK-Connect Information C Index from 2021 to 2025 were: -9.54%, -34.47%, -0.25%, 21.58%, and 39.30% respectively. Past index performance does not indicate future results. Supporting T+0 trading! Targeting Hong Kong's chip super-cycle—the HK-Connect Information Technology ETF Huabao (159131) is the first of its kind, the largest, and the most liquid in its category. Its feeder fund code is 026755. The underlying index is composed of "70% hardware + 30% software," heavily weighted towards Hong Kong-listed "semiconductors + electronics + computer software." It covers 52 hard tech companies in Hong Kong, with a storage chip weighting exceeding 26%. Key holdings include Semiconductor Manufacturing International Corporation (SMIC) with a 14.21% weight, Xiaomi Corporation-W with a 10.31% weight, Lenovo Group with a 9.33% weight, and Hua Hong Semiconductor with an 8.82% weight. The index excludes large-cap internet firms like Alibaba, Tencent, and Meituan, offering sharper exposure to capture trends in Hong Kong's AI hard tech sector. (Data as of May 5, 2026) Data source: China Securities Index Co., Ltd., Shanghai and Shenzhen Stock Exchanges. Note: "First of its kind in the market" refers to the HK-Connect Information Technology ETF Huabao being the first ETF to track the CSI HK-Connect Information Technology Composite Index. As of May 19, 2026, the latest on-exchange size of the HK-Connect Information Technology ETF Huabao was 775 million yuan, making it the largest among the 7 ETFs currently tracking the CSI HK-Connect Information Technology Composite Index. Its average daily turnover year-to-date is 166 million yuan. The annual historical returns for the underlying index, the CSI HK-Connect Information Technology Composite Index (HKD), from 2021 to 2025 were: -9.54%, -34.47%, -0.25%, 21.58%, and 39.30% respectively. Past index performance does not indicate future results. Fund Fee Explanation: The subscription and redemption agents for the HK Information Technology ETF Huabao may charge a commission of up to 0.5%. On-exchange trading fees are subject to the actual charges by securities firms. No sales service fee is charged. Risk Disclosure: The HK-Connect Information Technology ETF Huabao and its feeder fund passively track the CSI HK-Connect Information Technology Composite Index. The index's base date is November 14, 2014, and it was launched on June 23, 2017. The index constituents shown in the materials are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund under the management company. This product is issued and managed by Huabao Fund. Distributing institutions do not assume responsibility for the investment, redemption, or risk management of the product. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Summary," and other legal fund documents to understand the fund's risk-return characteristics and choose a product suitable for their own risk tolerance. Past fund performance does not predict future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment involves risks! The fund manager assesses this fund's risk等级 as R4 - Medium to High Risk, suitable for Aggressive (C4) and above investors. Distributing institutions (including the fund manager's直销机构 and other distributors) evaluate this fund's risk according to relevant laws and regulations. Investors should pay timely attention to the appropriateness opinions issued by distributing institutions and base their decisions on the matching results. Appropriateness opinions from different distributors may not be consistent. The fund product risk等级 evaluation results issued by fund distributors shall not be lower than the risk等级 evaluation results made by the fund manager. There may be differences between the fund's risk-return characteristics as described in the fund contract and its risk等级 due to different consideration factors. Investors should understand the fund's risk-return profile and, considering their own investment objectives, horizon, experience, and risk承受能力,谨慎 choose fund products and bear the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks; investment requires caution.
A MACD golden cross signal has formed, with these stocks performing well.
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