On the afternoon of March 19, Hong Kong's hard technology sector continued to weaken. Among the 45 constituent stocks of the Hang Seng Stock Connect Information Technology Index, only four were in positive territory, with Xiaomi Group-W briefly bucking the trend and surging nearly 6%. The market's only Hong Kong Information Technology ETF (159131) saw its intraday price fall more than 2.6%, and is currently down 1.85%. Bargain-hunting capital accelerated its inflow, with real-time net subscriptions rapidly increasing to 59 million units during the session.
On the news front, Xiaomi's new SU7 model is set to officially launch at 7 PM tonight. The China Automotive Research Institute released the TOP 40 sales ranking for domestic SUV models in February 2026, in which the Xiaomi YU7 ranked second with sales of 20,100 units, surpassing the Model Y.
Galaxy Securities analysis suggests that the resilience of the Hong Kong market stems from its status as a valuation洼地, with low valuations attracting safe-haven capital seeking certainty. Looking ahead to the next six months, discretionary consumption is the sector within the Hong Kong market with the strongest earnings growth and profitability, the financial sector offers ample safety margins, and the technology sector has demonstrated dual attributes during the recent turbulence.
Aiming directly at the Hong Kong chip super-cycle! The Hong Kong Information Technology ETF (159131) is the market's first ETF focused on the "Hong Kong chip" industry chain and offers T+0 trading. Its underlying index is composed of "70% hardware + 30% software," heavily weighted in Hong Kong-listed "semiconductor + electronics + computer software" stocks. It covers 45 Hong Kong hard tech companies, with SMIC having a weight of 14.07%, Xiaomi Group-W at 12.41%, and Hua Hong Semiconductor at 7.47%. 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 trend. (Data as of March 11, 2026)
Source: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges. Note: "The market's only" refers to the sole ETF tracking the CSI Hong Kong Stock Connect Information Technology Composite Index. Institutional View Source: China Merchants Securities "NVIDIA GTC 2026 Tracking Report"; Fund Fee Note: The subscription and redemption agency for the Hong Kong Information Technology ETF may charge a commission of up to 0.5%. Intra-market trading fees are subject to the actual charges by securities companies. No sales service fee is charged. Risk Disclosure: The Hong Kong Stock Connect Information Technology ETF passively tracks the CSI Hong Kong Stock Connect Information Technology Composite Index. The base date for this index is November 14, 2014, and it was published on June 23, 2017. The index constituents mentioned in the materials are for illustrative purposes only; descriptions of individual stocks are not intended as any form of investment advice and do not represent the holdings or trading动向 of any fund managed by the management company. This product is issued and managed by Huabao Fund. Distribution agencies do not assume responsibility for the investment, redemption, and risk management of the product. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Summary," and other legal fund documents to understand the risk-return characteristics of the fund and choose a product that matches their risk tolerance. Past performance of the fund is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment involves risks and should be approached with caution! The fund manager assesses this fund's risk rating as R4 - Medium-High Risk, suitable for aggressive (C4) and above investors. Sales agencies (including the fund manager's direct sales agencies and other sales agencies) evaluate the fund's risk based on relevant laws and regulations. Investors should pay timely attention to the appropriateness opinions issued by sales agencies and base their decisions on the matching results. Appropriateness opinions from different sales agencies may not necessarily be consistent, and the risk rating results for the fund product issued by fund sales agencies shall not be lower than the risk rating result made by the fund manager. There are differences between the fund's risk-return characteristics described in the fund contract and the fund's risk rating due to different consideration factors. Investors should understand the risk-return profile of the fund and carefully select fund products based on their own investment objectives, time horizon, investment experience, and risk tolerance, and bear the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks, investment requires caution.
The MACD golden cross signal has formed, and these stocks are performing well!
