TENCENT(HK:00700) Mei Ri Jing Ji Xin Wen·2025-06-13 01:49Group 1 - The Hong Kong stock market opened lower on June 13, with technology stocks declining and gold stocks rising, while rare earth and new consumption concepts saw some gains [1] - Tencent Holdings has initiated a new round of share buybacks, accumulating a total of HKD 95.09 billion over 19 trading days since May 19, with a total buyback amount of HKD 305.35 billion for the year to date [1] - The increase in share buybacks among Hong Kong-listed companies suggests that firms believe their valuations are significantly undervalued by the market, as indicated by the current valuation of the Hang Seng Technology Index ETF (513180) being at a low percentile compared to its historical data [1] Group 2 - The Hang Seng Technology Index ETF (513180) leads 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 including major companies like Alibaba, Tencent, Xiaomi, Meituan, and BYD, which are positioned as potential "seven giants" of Chinese technology stocks [2] - Over half of the ETF's weight is in sectors such as e-commerce, automotive, home appliances, and travel, featuring companies like NIO, Li Auto, Xiaomi, and leading home appliance brands like Haier and Midea [2]