On the morning of September 9, 2025, Hong Kong's technology sector opened higher and continued its upward trajectory, extending the recovery momentum from the previous trading day. The popular Hang Seng Tech ETF (513130) saw active trading, with Wind data showing intraday turnover reaching 4.365 billion yuan as of 13:20. Meanwhile, the previous trading day (September 8) recorded a single-day net inflow of 456 million yuan, making it the only ETF targeting the same underlying assets to achieve net inflows exceeding 300 million yuan during the same period.
The Hong Kong tech sector has recently shown signs of recovery, driven by two main factors. First, the U.S. August non-farm payroll data came in below expectations, catalyzing heightened expectations for a Federal Reserve rate cut in September. Foreign capital is expected to flow into Hong Kong stocks, with the interest rate-sensitive Hong Kong tech sector positioned to benefit significantly from the shift in China-U.S. interest rate differentials. Second, the continued advancement of the AI industry, with impressive mid-year 2025 financial reports from leading internet companies not only validating the AI-driven business logic but also suggesting that higher capital expenditures will continue to benefit from AI industry development.
Additionally, active share buybacks by Hong Kong-listed companies demonstrate market confidence in future trends. Wind data shows that as of September 8, 2025, a total of 223 Hong Kong-listed companies have cumulatively repurchased 5.314 billion shares this year, with a total buyback value of 122.4 billion yuan. Hong Kong's technology and financial sectors have become the main drivers of buybacks, with a leading Hong Kong internet company being the largest share repurchaser.
The Hang Seng Tech ETF (513130) represents one of the benchmark indices for Hong Kong's technology sector, comprising 30 Hong Kong-listed companies with strong R&D capabilities and industry competitiveness in internet and technology manufacturing. The index covers multiple sectors including software, internet platforms, semiconductors, chips, and computers, offering strong representativeness and comprehensiveness. It is well-positioned to fully benefit from the overall opportunities presented by ample liquidity and improving fundamentals in Hong Kong's tech sector. As of September 8, 2025, the top five constituent stocks of the Hang Seng Tech Index were Tencent Holdings, Alibaba-W, Meituan-W, Xiaomi Corporation-W, and NetEase-S. (Data source for index top five constituent stocks: Hang Seng Indexes Company, Wind, as of September 8, 2025. Individual stocks mentioned are solely for displaying the index's top five constituents and do not constitute stock recommendations or investment advice.)
The Hang Seng Tech ETF (513130) has recorded net inflows of 12.512 billion yuan year-to-date, with an average daily turnover of 4.959 billion yuan. The latest share count reached 49.706 billion shares with assets under management of 37.802 billion yuan, both setting new records since inception. The ETF supports intraday T+0 trading, combining both scale and liquidity advantages. Benefiting from these factors, the latest fund periodic reports show that the Hang Seng Tech ETF (513130) has over 220,000 shareholders, making it a popular choice for investing in Hong Kong's tech sector. Off-exchange investors may consider its feeder funds (Class A: 015310, Class C: 015311). (Scale and share data sourced from exchanges, other data from Wind, all as of September 8, 2025)
The fund manager of Hang Seng Tech ETF (513130), E Fund Management, is among the first batch of domestic ETF managers. The company has successfully created the CSI 300 ETF (510300), currently the largest ETF by assets in China's A-share market, the A500 ETF E Fund (563360) with the largest scale in its category, and the Dividend Low Volatility ETF (512890), among other ETF flagship products. The company maintains an 18-year track record of zero operational errors in ETF management, committed to providing diversified, high-quality index investment tools for investors.
Note: Hang Seng Tech ETF (513130) was established on May 24, 2021. T+0 refers to the exchange trading mechanism. According to exchange data, as of September 8, 2025, the CSI 300 ETF (510300) had assets of 412.761 billion yuan, and A500 ETF E Fund (563360) had assets of 21.038 billion yuan.
Risk Warning: Fund investments carry risks and should be approached with caution. If you wish 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. Past performance of funds does not predict future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investments require attention to investment risks. Please carefully read legal documents such as the fund contract, fund prospectus, and product summary to understand the specific conditions of the fund. This fund may invest in overseas securities markets and, in addition to bearing general investment risks similar to domestic securities investment funds such as market volatility risks, will also face special investment risks including exchange rate risks and overseas securities market risks. The index is compiled and published by Hang Seng Indexes Company, with ownership belonging to Hang Seng Indexes Company. Hang Seng Indexes Company will take all necessary measures to ensure index accuracy but makes no guarantees and bears no responsibility for any index errors.
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