In early trading on May 19, the AI sector in Hong Kong showed active performance, with most leading internet companies moving higher. As of the time of reporting, TENCENT and BABA-W rose approximately 2%, while Meituan-W and Kuaishou-W gained over 1%, with Xiaomi Group-W also following the upward trend. The core Hong Kong AI investment tool, the Huabao Hong Kong Internet ETF (513770), opened lower but climbed higher, with its on-exchange price rising over 1% at one point, currently up 0.99%.
On the news front, calculations based on the latest data from OpenRouter show that the global total usage of large AI models last week (May 11 to May 17) reached 26.9 trillion tokens, an increase of 4.7% from the previous week, marking the fourth consecutive week of growth. Among the listed AI models, the weekly usage of Chinese AI models reached 7.693 trillion tokens, while the weekly usage of US AI models during the same period was 4.24 trillion tokens. The weekly usage of Chinese large models is now 1.81 times that of the US, surpassing the US for the third consecutive week and firmly holding the top global position. Furthermore, among the top three globally by usage volume, the top two are Chinese AI models: TENCENT's Hy3 preview and DeepSeek-V4-Flash.
Additionally, Alibaba has announced that a "significant new addition" to its Alibaba Cloud Tongyi Qianwen model will debut at the Alibaba Cloud Summit on May 20. The new model features comprehensive upgrades in versatility, model capabilities, depth, and breadth.
Dongwu Securities noted that the Hong Kong stock market is currently in a window of "risk appetite recovery + improved fundamental expectations." The AI technology rally is expected to rotate from upstream hardware to midstream and downstream applications, with the Hong Kong market holding strong representation in internet platforms, AI applications, and ecosystem scenarios. Recent market consensus has shown signs of recovery, and EPS expectations for Hong Kong indices have begun to be revised upward. If subsequent profit recovery materializes gradually, it will help support further valuation recovery in Hong Kong stocks and boost market confidence in medium- to long-term capital inflows.
To capture the opportunities of the 2026 AI commercialization year, focus on core Hong Kong AI investment tools. The Hong Kong Internet ETF (513770) and its feeder funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Stock Connect Internet Index. The top ten holdings include tech giants like BABA-W and TENCENT, as well as AI application companies across various sectors, highlighting significant leading advantages. The ETF offers intraday T+0 trading with good liquidity.
For those bullish on Hong Kong tech but seeking to reduce volatility, consider the market's first—Hong Kong Large Cap 30 ETF (520560). It employs a "tech + dividend" barbell strategy, with heavy holdings in high-growth tech stocks like Alibaba, as well as stable, high-dividend sectors such as banking and insurance, making it an ideal long-term foundational holding for Hong Kong market exposure.
A reminder: Recent market volatility may be significant, and short-term price movements do not predict 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 notes: When subscribing for or redeeming fund units, subscription and redemption agents may charge a commission of up to 0.5%, which includes related fees charged by stock exchanges and registration institutions. Feeder fund fee-related notes: For the Huabao CSI Hong Kong Stock Connect Internet ETF Feeder Fund (Class A), the front-end subscription fee is CNY 1,000 per transaction for subscription amounts over CNY 2 million, 0.6% for amounts between CNY 1 million (inclusive) and CNY 2 million, and 1% for amounts below CNY 1 million. 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. For the Huabao CSI Hong Kong Stock Connect Internet ETF Feeder Fund (Class C), no subscription fee is charged; 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 disclosure: The Hong Kong Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index. The index base date is December 30, 2016, and it was published on January 11, 2021. The composition of the index constituents is adjusted according to the index compilation rules. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks do not constitute any form of investment advice nor represent the holdings or trading trends of any fund managed by the fund manager. The fund manager assesses the fund's risk level as R4—medium to high risk, suitable for aggressive (C4) and above investors. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to readers, and no liability is assumed 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 the performance of this fund. Past performance of the fund does not indicate its future results. Fund investment involves risks; caution is advised in fund investment.
A MACD golden cross signal has formed, and these stocks are performing well!
Comments