In afternoon trading on May 13th, Hong Kong's hard tech stocks experienced a sharp rally. The largest and most liquid* Hong Kong Stock Connect Information Technology ETF Hua Bao (159131) saw its on-exchange price rise by 1.23%, with real-time turnover reaching 4.23 billion yuan. Funds have continued to flow in during the recent rebound period, with a net inflow exceeding 2.3 billion yuan over the past 10 trading sessions.
Analysis suggests that the Philadelphia Semiconductor Index has been rising steadily since April. Global CSP capital expenditures for 2026 are projected to be approximately $830 billion, driving sustained improvement in the AI industry chain's prosperity. The supply-demand gap in the memory sector is expected to persist until 2027, with domestic module companies entering a phase of significant profit growth. The global CPU market is expanding substantially, and domestic computing power orders and revenue are growing rapidly, simultaneously boosting demand for domestic advanced process technologies. The trend of domestic memory capacity expansion is clear, localization rates are increasing, equipment orders remain strong, and materials are poised for large-scale improvement as production bottlenecks are overcome. It is recommended to focus on areas benefiting from tight supply and demand, such as memory, computing power and foundries with sustained demand, and equipment and materials in the expansion cycle. Attention is also advised on the core constituents of various technology and semiconductor indices.
Since its rebound from the low on March 31st, the underlying index of the Hong Kong Stock Connect Information Technology ETF Hua Bao (159131) — the CSI Hong Kong Stock Connect Information Technology Composite Index — has accumulated a gain of 28.61%. In the same period, the Hang Seng Tech Index and the Hong Kong Stock Connect Tech Index rose by 8.11% and 7.22% respectively, demonstrating significantly sharper and more elastic performance.
Statistical period: March 31, 2026 - May 12, 2026. The annual historical returns of the Hong Kong Stock Connect Information Technology Composite Index for 2021-2025 were: -9.54%, -34.47%, -0.25%, 21.58%, 39.30%. Past index performance is not indicative of future results.
Supporting T+0 trading! Targeting the Hong Kong stock chip super cycle — the Hong Kong Stock Connect Information Technology ETF Hua Bao (159131) is the first of its kind in the entire market, the largest, and the most liquid. Its off-exchange feeder fund code is 026755. The underlying index is composed of "70% Hardware + 30% Software," heavily weighted in Hong Kong-listed "Semiconductors + Electronics + Computer Software." It covers 52 Hong Kong hard tech companies, with SMIC (00981.HK) having a weight of 14.21%, Xiaomi Corporation-W (01810.HK) at 10.31%, Lenovo Group (00992.HK) at 9.33%, and Hua Hong Semiconductor (01347.HK) at 8.82%. It excludes large-cap internet companies like Alibaba, Tencent, and Meituan, offering higher sharpness and making it easier to capture the Hong Kong AI hard tech rally. (Data as of May 5, 2026)
Data source: China Securities Index Co., Ltd., Shanghai and Shenzhen Stock Exchanges. Note: "First in the entire market" refers to the Hong Kong Stock Connect Information Technology ETF Hua Bao being the first ETF to track the CSI Hong Kong Stock Connect Information Technology Composite Index. As of May 11, 2026, the latest on-exchange scale of the Hong Kong Stock Connect Information Technology ETF Hua Bao was 8.28 billion yuan, making it the largest among the 7 ETFs currently tracking the CSI Hong Kong Stock Connect Information Technology Composite Index. The ETF's average daily turnover this year has been 1.66 billion yuan. The annual historical returns of the underlying index, the CSI Hong Kong Stock Connect Information Technology Composite Index (HKD), for 2021-2025 were: -9.54%, -34.47%, -0.25%, 21.58%, 39.30%. Past index performance is not indicative of future results. Fund Fee Description: The subscription and redemption agency for the Hong Kong Stock Connect Information Technology ETF Hua Bao may charge a commission of up to 0.5%. On-exchange trading fees are subject to the actual charges by securities firms. No sales service fee is charged. *Institutional view reference source.
Risk Disclosure: The Hong Kong Stock Connect Information Technology ETF Hua Bao and its feeder fund passively track the CSI Hong Kong Stock Connect Information Technology Composite Index. The base date of this index is November 14, 2014, and it was released on June 23, 2017. The index constituents shown in the material are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the fund manager. This product is issued and managed by Hua Bao Fund. Distributors do not assume responsibility for the investment, redemption, or risk management of the product. Investors should carefully read the Fund Contract, Prospectus, Fund Product Key Facts Statement, and other fund legal documents to understand the fund's risk-return characteristics and choose a product suitable for their own risk tolerance. Past fund performance is not indicative of future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment involves risks! The fund manager assesses this fund's risk等级 as R4 - Medium to High Risk, suitable for Aggressive (C4) and above investors. Distributors (including the fund manager's直销机构 and other distributors) evaluate the fund's risk according to relevant laws and regulations. Investors should promptly关注 the appropriateness opinions issued by distributors and base their decisions on the matching results. Appropriateness opinions from different distributors may not necessarily be consistent, and the fund risk等级 evaluation results issued by fund distributors shall not be lower than the risk等级 evaluation result made by the fund manager. The description of the fund's risk-return characteristics in the fund contract and its risk等级 may differ due to different considerations. Investors should understand the fund's risk-return profile and谨慎选择 fund products based on their own investment objectives, horizon, experience, and risk tolerance, bearing the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate its substantive judgment or guarantee of the fund's investment value, market前景, or returns. Funds carry risks; investment requires caution.
The MACD golden cross signal has formed, and these stocks are performing well!
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