Significant positive developments in Middle East tensions on Wednesday, March 25, spurred a broad recovery across Asia-Pacific markets, with Hong Kong's hard technology sector demonstrating notable resilience. The market's exclusive Hong Kong Connect Information Technology ETF (159131) opened higher and surged 2.88% during the session, aiming for consecutive gains and reclaiming its 5-day moving average. Notably, substantial capital flowed in during recent deep corrections, with net inflows exceeding 110 million yuan over the past five days.
On the news front, reports from Israel's Channel 12 television on the 24th, cited by Xinhua, indicated that the United States intends to propose a one-month ceasefire plan. This would facilitate discussions with Iran on a 15-point agreement aimed at ending the conflict.
A previous GF Securities research report noted that due to US-Iran tensions, market expectations for interest rate changes in 2026 had been adjusted downward. However, this assessment is based on short-term, uncontrollable geopolitical factors. Once these disturbances subside, previously suppressed valuations could see a recovery, potentially presenting a phased opportunity for bargain hunting.
Regarding industry developments, Elon Musk announced that SpaceX and Tesla will jointly establish two advanced chip factories. The ultimate goal for Terafab is to achieve an annual computing power production capacity of 1 terawatt, approximately 50 times the current global annual chip production capacity. Galaxy Securities pointed out that computing power demand and capital investment are rising in tandem, pushing the industry into a high-growth expansion phase. The rapid transmission of computing power demand to various segments of the supply chain has led to significant performance growth for chip manufacturers, foundries, and server makers, while cloud providers are raising computing power prices, reflecting tightening supply and demand. The AI industry is entering a high-intensity expansion cycle characterized by "demand explosion - price transmission - increased capital investment."
Hong Kong's hard technology sector is embarking on a renewed upswing. According to a fund announcement, the former "Hong Kong Stock Information Technology ETF" has been officially renamed "HuaBao Hong Kong Connect Information Technology ETF" effective today, March 25. The addition of the "HuaBao" suffix establishes "ETF HuaBao" as the unified identifier for HuaBao Fund's ETF products, making it easier for investors to quickly identify them and enhancing the convenience of ETF investing.
Targeting the super-cycle in Hong Kong's chip sector! The Hong Kong Connect Information Technology ETF HuaBao (159131) is the market's first ETF focusing specifically on the "Hong Kong chip" industry chain and supports T+0 trading. Its off-exchange feeder fund code is 026755. The underlying index is composed of "70% hardware + 30% software," heavily weighted towards Hong Kong-listed companies in semiconductors, electronics, and computer software. It covers 45 hard tech companies in Hong Kong, with SMIC having a weight of 14.07%, Xiaomi Group-W at 12.41%, and Hua Hong Semiconductor at 7.47%. The ETF excludes large-cap internet companies like Alibaba, Tencent, and Meituan, offering sharper focus and greater potential to capture the AI hard tech trend in Hong Kong markets. (Data as of March 11, 2026)
Data source: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges. Note: "Market exclusive" refers to the fact that the HuaBao Hong Kong Connect Information Technology ETF (159131) is currently the only listed and tradable ETF tracking the CSI Hong Kong Connect Information Technology Composite Index.
Fund fee explanation: Agencies handling subscription and redemption for the Hong Kong Information Technology ETF may charge a commission of up to 0.5%. Fees for on-exchange trading are subject to the rates set by securities firms. No sales service fee is charged. * Institutional views sourced from: GF Securities "Morning Express | When Will Hong Kong Stocks Exhaust Negative Factors?"; Galaxy Securities "[CGS-NDI Tracking] GTC 2026 Highlights: AI Shifts from Chip Competition to System Competition – Digital Economy Weekly Report (Issue 7, 2026)"; Huatai Securities "Hong Kong Stock Strategy: Recommend Maintaining Low Positions in Hong Kong Stocks".
Risk提示: The Hong Kong Information Technology ETF and its feeder fund passively track the CSI Hong Kong Connect Information Technology Composite Index, which has a base date of November 14, 2014, and was launched on June 23, 2017. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks are not investment advice of any form and do not represent the holdings or trading activities of any fund managed by the management company. This product is issued and managed by HuaBao Fund. Selling agencies do not assume responsibility for the investment, redemption, or risk management of the product. Investors should carefully read the "Fund Contract," "Prospectus," and "Fund Product Summary" to understand the fund's risk-return profile and choose a product suitable for their own risk tolerance. Past performance is not indicative of future results. The performance of other funds managed by the基金管理人does not guarantee the performance of this fund. Fund investment carries risks. The基金管理人assesses this fund's risk等级as R4 - Medium-High Risk, suitable for Aggressive (C4) and higher risk profile investors. Selling agencies (including the基金管理人's direct sales channels and other selling agencies) evaluate the fund's risk according to relevant laws and regulations. Investors should pay attention to the appropriateness opinions provided by selling agencies and base their decisions on the matching results. Appropriateness opinions may vary among selling agencies, and a selling agency's risk rating for a fund product cannot be lower than the rating assigned by the基金管理人. The fund's risk-return characteristics described in the fund contract and its risk等级may differ due to different assessment factors. Investors should understand the fund's risk-return situation and make careful selections based on their investment objectives, time horizon, experience, and risk tolerance, bearing their own risks. 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.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
