Jin Rong Jie·2025-04-30 05:42Group 1 - The global fund flow report indicates that from March 27 to April 23, global equity funds saw a net inflow of $68.079 billion, with emerging market funds receiving $27.14 billion, 90% of which flowed into the Chinese market [1] - Chinese equity funds specifically gained a net inflow of $24.686 billion, significantly surpassing other emerging markets like South Korea, India, and Brazil [1] - Foreign capital is primarily focusing on strong-performing tech giants in Hong Kong, such as Tencent and Alibaba, with related ETFs experiencing substantial inflows, including the Hong Kong Tech 50 ETF, which saw a year-to-date share growth of over 300% [1] Group 2 - The low interest rate environment has led to a trend where over 30 small and medium-sized banks have reduced fixed deposit rates, with 3-year and 5-year rates dropping to 2.04% and 1.88% respectively, prompting a shift towards high-dividend assets [3] - The Hong Kong Dividend Low Volatility ETF has achieved nine consecutive weeks of net inflows, with a dividend yield of 7.99% and a price-to-earnings ratio of 6.19, making it a preferred choice for "quasi-fixed income" investments [3] Group 3 - The current market conditions have led to a growing interest in the "Tech + Dividend" barbell strategy, which combines growth from technology with the stability of dividend-paying stocks [5] - The combination of the Hong Kong Tech 50 ETF and the Hong Kong Dividend Low Volatility ETF is expected to define investment outcomes in 2025, as foreign long-term bets align with domestic risk-averse demands [5] - The Hong Kong Tech 50 ETF includes major players in the internet, semiconductor, and smart vehicle sectors, with a significant portion of its weight in Tencent, Alibaba, and Xiaomi, allowing investors to benefit from AI and smart vehicle trends [5]