GF SECURITIES(SZ:000776) Mei Ri Jing Ji Xin Wen·2025-07-09 06:12Group 1 - The core viewpoint is that the premium center of China's technology industry is continuously rising in the long term, with significant excess returns observed in Hong Kong's technology sector since 2005 [1] - The technology sector in Hong Kong exhibits high elasticity and sustainability during various market conditions, with each increase in technology premium closely related to industrial transformation, forming a roughly five-year cycle of premium elevation [1] - Key industries such as artificial intelligence, humanoid robots, and low-altitude economy are entering a localization phase and receiving policy support, indicating a shift towards new productive forces [1] Group 2 - The Hong Kong Technology ETF (code: 513020) tracks the Hong Kong Stock Connect Technology Index (code: 931573), which is compiled by China Securities Index Co., Ltd., selecting no more than 50 quality companies from the technology sector listed under the Stock Connect [1] - This index aims to comprehensively reflect the overall performance of securities from technology companies that can be invested in through the Stock Connect channel, with constituent stocks showing significant growth potential and market volatility characteristics [1] - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Link A (015739) [1]