

Group 1 - The Hong Kong stock market opened lower on May 8, with technology stocks declining while biotechnology stocks rose collectively [1] - The Hang Seng Technology Index briefly turned positive, with notable gains in stocks such as Li Auto, Meituan, Tencent Music, Trip.com, Tencent Holdings, and XPeng Motors [1] - The automotive sector, including Geely and Li Auto, showed strength due to favorable policy news regarding car consumption in Guangdong Province [1] Group 2 - Guohai Securities predicts that the vehicle replacement policy will boost passenger car sales in 2024, with continued support for automotive consumption into 2025 [2] - The Hang Seng Technology Index ETF (513180) is leading in both scale and liquidity among its peers in the A-share market, supporting T+0 trading [2] - The ETF combines hard technology and new consumption attributes, focusing on AI core assets and a significant weight in consumer sectors such as e-commerce, automotive, and home appliances [2]