Today (January 23), the HUABAO HONG KONG STOCK CONNECT HANG SENG CHINA (HONG KONG LISTED) 30 EXCHANGE TRADED OPEN ENDED INDEX SECURI (520560), which employs a "tech + dividends" barbell strategy, saw its on-market price rise over 1.1% intraday and is currently up 0.75%. Among its constituent stocks, POP MART led gains, surging over 7%, while Alibaba Group, Xiaomi Group, and Lenovo Group each rose more than 2%. Stocks like Kuaishou, BeiGene, Li Auto, Geely Automobile, China Merchants Bank, and Ping An Insurance of China also advanced.
Regarding Hong Kong tech stocks, Alibaba Group is preparing to advance the independent listing of its AI chip subsidiary, T-Head Semiconductor. T-Head has successively launched the "Hanguang" series of AI chips, the "Yitian" series of general-purpose server CPUs, and the enterprise-grade SSD controller chip Zhenyue 510. Among these, the self-developed CPU chip Yitian 710 and the AI inference chip Hanguang 800 have achieved large-scale deployment on Alibaba Cloud. Industry insiders pointed out that the entry of Alibaba and Baidu aligns with the current wave of listings in the AI chip sector.
On the Hong Kong dividend stock front, three departments including the Ministry of Finance recently issued a notice to optimize the implementation of fiscal discount interest policies for personal consumer loans. In recent days, the six major state-owned banks, including the Industrial and Commercial Bank of China, have released related announcements. Industry insiders indicated that the interest discounts reduce the cost of consumer credit for residents, leveraging large-ticket consumption (such as home appliances, automobiles, and home decoration), and are accelerating the pace of consumer loan and credit card installment disbursements for Hong Kong-listed banks, boosting net interest income growth.
In the Hong Kong consumer sector, POP MART released its 2026 Valentine's Day limited edition blind box series, "Star Person: Starstruck," on January 22. This is the Star Person brand's first Valentine's Day series blind box product. Haitong International noted that the consumer industry is expected to continue its recovery trend under the dual influence of policy stimulus and market competition.
Looking ahead to the Hong Kong stock market's prospects, CITIC Securities believes Hong Kong stocks will benefit from catalysts related to domestic suggestions for the "16th Five-Year Plan" and the "fiscal + monetary" dual-easing policies of major external economies. From an internal perspective, Hong Kong boasts a complete domestic ecosystem of high-quality AI industry chain companies (including infrastructure, software/hardware, and applications). Coupled with an increasing number of high-quality leading A-share companies listing in Hong Kong, the market is expected to benefit from liquidity spillovers from both domestic and international markets and the ongoing catalyst of the AI narrative. With the bottoming out and recovery of Hong Kong stocks' fundamentals, combined with their still significant valuation discount advantage, the Hong Kong market may experience a second round of valuation repair and further earnings recovery in 2026.
Bullish on Hong Kong tech but hoping to reduce volatility? Consider the market's first HUABAO HONG KONG STOCK CONNECT HANG SENG CHINA (HONG KONG LISTED) 30 EXCHANGE TRADED OPEN ENDED INDEX SECURI (520560) and its feeder funds [Feeder A (LOF) 501301; Feeder C 006355]. It employs a built-in "tech + dividends" barbell strategy, pooling 30 Hong Kong Stock Connect mid-to-large cap Chinese stocks. Its top holdings include high-growth tech stocks like Alibaba and Tencent Holdings, while also encompassing stable high-dividend payers like China Construction Bank and Ping An Insurance of China. It supports "T+0" intraday reversal trading, offering flexible trading and serving as an ideal core holding tool for long-term Hong Kong stock allocation.
Compared to the Hang Seng Index, which also "catches both ends" (grasping both tech and dividends), the Hang Seng China (Hong Kong Listed) 30 Index is slightly more biased towards tech growth. This is likely one of the main reasons why the target index of the HUABAO HONG KONG STOCK CONNECT HANG SENG CHINA (HONG KONG LISTED) 30 EXCHANGE TRADED OPEN ENDED INDEX SECURI has managed to outperform the Hang Seng Index over the past five years.
Risk Warning: The HUABAO HONG KONG STOCK CONNECT HANG SENG CHINA (HONG KONG LISTED) 30 EXCHANGE TRADED OPEN ENDED INDEX SECURI passively tracks the Hang Seng China (Hong Kong Listed) 30 Index. The base date for this index is January 3, 2000, and it was published on January 20, 2003. The composition of the index's constituent stocks is adjusted according to its compilation rules. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks are not investment recommendations of any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk level as R4 - Medium-High Risk, suitable for Aggressive (C4) and higher investor types. 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 solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, and no responsibility is accepted for any direct or indirect losses resulting 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 is not indicative of its future performance. Fund investment carries risks, and fund investment must be approached with caution.
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