反内卷提振AH两市？恒生科技指数ETF（513180）午后大涨超2.5%

Group 1 - The Hong Kong stock market indices, particularly the Hang Seng Tech Index, experienced a significant rise, with the index increasing by over 2.5% in the afternoon session on July 23 [1] - The Hang Seng Tech Index ETF (513180) followed the index's upward trend, with notable gains in stocks such as NIO, Kingdee International, Baidu, Kuaishou, Tencent, and Meituan, with NIO rising over 10% [1] - The Chinese government has taken regulatory actions against food delivery platforms like Ele.me, Meituan, and JD.com, focusing on curbing aggressive promotional activities and ensuring compliance with regulations [1] Group 2 - According to Galaxy Securities, the absolute valuation of Hong Kong stocks is currently at a relatively low level, with the Hang Seng Tech Index ETF (513180) having a latest valuation (PETTM) of 21.14 times, which is below 82% of the time since its inception [2] - The report suggests that investors should focus on high-dividend stocks for stable returns amid global uncertainties, as well as sectors benefiting from favorable policies, such as stablecoin concepts, innovative pharmaceuticals, AI industry chain, and "anti-involution" industries [2] - Sectors that exceed expectations in mid-year performance are likely to see a rebound, indicating potential investment opportunities in the Hong Kong market [2]