超越茅台、宁德时代！腾讯首次成为公募第一大重仓股，什么信号？恒生科技ETF基金(513260)规模再创新高，南向资金实时净买入

Group 1 - The core point of the news highlights the performance of the Hang Seng Technology ETF (513260), which has seen a decline of over 1% today, while still experiencing a net inflow of nearly 2.7 billion yuan over the past 60 days, indicating optimistic investor sentiment [1][3] - The Hang Seng Technology ETF's latest fund size has surpassed 4.1 billion yuan, setting a new record [1] - Southbound funds have shown a significant increase in net inflow, with a cumulative net inflow exceeding 607.7 billion HKD since the beginning of the year, nearly four times that of the same period last year [5][15] Group 2 - The majority of the constituent stocks of the Hang Seng Technology ETF are in the red, with notable declines in Horizon Robotics (over 8%), Meituan (over 3%), Alibaba (over 2%), and Tencent Holdings [3] - In contrast, Xiaomi Group has seen a slight increase of nearly 1%, while XPeng Motors initially rose before turning negative [3] - The net buying amount of southbound funds reached 9.61 million yuan as of 10:35 AM today, indicating a shift back to a net inflow status [3] Group 3 - Active equity funds have significantly increased their allocation to Hong Kong stocks, with the market value of Hong Kong stocks held reaching approximately 465.5 billion yuan in Q1 2025, marking a historical high [8] - Tencent Holdings has become the largest holding in active equity funds, surpassing Contemporary Amperex Technology Co., Ltd. for the first time, with a holding value of 68.29 billion yuan [10][11] - The top three stocks purchased by southbound funds include Alibaba, Tencent Holdings, and Meituan, reflecting a concentrated investment in technology assets [5][6] Group 4 - The market outlook for Hong Kong stocks remains positive, driven by several factors including domestic demand orientation, the potential for import tariff reductions, and the ongoing inflow of southbound funds [15][16] - The anticipated return of Chinese concept stocks to Hong Kong could enhance market liquidity and boost profitability and valuation [16] - The Hang Seng Technology ETF (513260) is highlighted as a low-cost investment option with a management fee of only 0.15%, making it attractive for investors [16]