Recent sharp escalations in Middle East tensions have driven international oil prices significantly higher. On March 8, 2026, US Eastern Time, oil prices surpassed $100 per barrel for the first time since the Russia-Ukraine conflict in 2022. The rapid rise in oil prices has sparked market concerns over inflation and liquidity expectations, putting pressure on interest rate-sensitive Hong Kong-listed technology assets during the morning session on March 9, 2026. However, trading in the Hang Seng Tech ETF (513130) remained active against the trend. By the midday close, its turnover had already exceeded 4.7 billion yuan.
At the policy and fundamental levels, the Hong Kong technology sector retains certain support. The 2026 Government Work Report explicitly called for "creating new forms of smart economy" and deepening the expansion of "Artificial Intelligence Plus." Concurrently, strong earnings from leading internet companies continue to validate the sector's vitality. An e-commerce platform's annual report released on March 5, 2026, showed full-year 2025 revenue of 1,309.1 billion yuan, a 13% year-on-year increase, with growth accelerating further from 2024. The company also announced plans to significantly increase AI investments over the next three years to help build a trillion-yuan AI ecosystem. Policy support and solid industry fundamentals may together reinforce the medium to long-term investment value of Hong Kong's tech sector.
As a core instrument for gaining exposure to the Hong Kong technology sector, the Hang Seng Tech ETF (513130) has seen notable capital inflows this year. According to Wind data, the ETF has accumulated net inflows of 13.7 billion yuan year-to-date, making it the only ETF tracking the Hang Seng Tech Index to attract over 100 billion yuan. Its latest share count and asset size have risen to 79.135 billion shares and 49.895 billion yuan, respectively (data as of March 6, 2026).
The Hang Seng Tech Index, which the ETF tracks, aggregates leading domestic internet and hard technology companies. It is widely regarded as a barometer for Chinese technology and a core asset, as well as a key vehicle for capturing the AI industry trend. As of March 6, 2026, the index's dynamic price-to-earnings ratio stood at just 20.39 times, near the 15th percentile of its five-year range. Following a significant correction, its valuation advantage and investment appeal are expected to become more pronounced.
HuaTai Bairui Fund noted that the operating environment for top Hong Kong tech firms has stabilized, with profits continuing to improve. Coupled with the approaching March earnings season, negative earnings impacts are expected to be gradually absorbed. On the capital front, sustained investments from southbound and institutional funds also reflect growing recognition of the undervalued Hong Kong tech sector by medium to long-term capital. However, it is important to note that geopolitical uncertainties persist, which could influence Federal Reserve monetary policy via oil prices and inflation, thereby affecting Hong Kong market liquidity. The pace of AI commercialization remains a critical factor for the sector to achieve a "valuation and earnings" upswing, warranting continued close monitoring.
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 tech sector. With a latest size of 49.895 billion yuan, it holds a significant scale advantage. Its average daily turnover year-to-date exceeds 5.7 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 is 0.2% per annum.
HuaTai Bairui Fund, the manager of the Hang Seng Tech ETF (513130) and its feeder funds (Class A 015310, Class C 015311), is one of China's first ETF managers. For years, it has been committed to providing investors with transparent, easily tradable, and low-cost index tools. Two of its flagship ETFs—the HuaTai Bairui CSI 300 ETF (510300) and the HuaTai Bairui A500 ETF (563360)—are highly popular in the market and currently rank first in size among their respective ETF categories. Their management fee of 0.15% per annum and custody fee of 0.05% per annum are among the lowest tiers for equity index funds in the market.
A golden cross signal has formed in MACD indicators, indicating favorable momentum for certain stocks.
Comments