Domestic AI themes have recently gained renewed momentum. On November 17, 2025, a leading internet company officially announced its "Qwen" large-scale AI model project, marking a full-scale entry into the AI-to-consumer market. The same day, the public beta version of Qwen APP was launched. Built on Qwen3, the world's top-performing open-source model, it offers free access and integrates with various lifestyle ecosystems, positioning itself as a direct competitor to ChatGPT. This development is expected to further strengthen the global competitiveness of China's AI models. In response, investors are actively eyeing related products. Wind data shows that Hang Seng Tech ETF (513130) saw a net inflow of 481 million shares yesterday despite market headwinds, reflecting confidence in the future of domestic AI models.
Additionally, overseas factors affecting Hong Kong stocks are expected to diminish gradually. The U.S. government reopened on November 12, 2025, and key economic data delayed by the shutdown will soon be released, reducing external uncertainties. Meanwhile, several Hong Kong-listed tech companies reported strong Q3 earnings, signaling improving fundamentals. (Data as of November 17, 2025.)
As a popular ETF for Hong Kong tech stocks, Hang Seng Tech ETF (513130) has consistently attracted capital during market fluctuations. Over 11 trading days in November, it recorded net inflows in 10 days, totaling RMB 2.589 billion—the only ETF tracking the Hang Seng Tech Index to surpass RMB 2.5 billion in inflows during this period. Strong demand has driven its net subscriptions to 3.358 billion shares this month, with total shares reaching a record high of 55.786 billion. (Data source: Wind, exchanges; ETF inception date: May 24, 2021.)
Hang Seng Tech ETF (513130) closely tracks the Hang Seng Tech Index, which represents 30 R&D-driven internet platforms and manufacturing tech firms across sectors like software, automotive, semiconductors, and communications. After prolonged adjustments, Hong Kong tech valuations now appear attractive. The index's P/E ratio stands at 22.26x, in the 27.59th percentile over five years—significantly lower than Nasdaq (40.89x) and STAR 50 (152.11x), highlighting its undervaluation. (Data source: Wind, Hang Seng Index Company.)
CMSC Securities notes that while global AI bubble concerns have briefly impacted A-share tech, this reflects short-term trading congestion and external shocks rather than a fundamental shift. With tech trends intact and PPI recovery, market rotation between tech and cyclical sectors may persist. (Source: CMSC report, November 16, 2025.)
Hang Seng Tech ETF (513130) offers advantages like large scale, high liquidity, and intraday T+0 trading, making it a key tool for accessing Hong Kong's core tech assets. OTC investors can consider its feeder funds (Class A 015310, Class C 015311).
Managed by Huatai-PineBridge Fund—a pioneer ETF provider with 18+ years of experience—the ETF is part of a suite including China’s largest ETF, CSI 300 ETF (510300), and A500 ETF (563360). As of November 17, 2025, its AUM was RMB 42.468 billion.
Risk Disclosure: Investing involves risks. Assess suitability per your risk profile. Past performance doesn’t guarantee future results. Overseas investments carry additional risks like currency fluctuations. The Hang Seng Tech Index is proprietary to Hang Seng Index Company, which disclaims liability for accuracy.
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