PDD(US:PDD) Sou Hu Cai Jing·2025-07-30 06:37Group 1: Market Activity and Performance - The Chinese Internet ETF has an intraday turnover of 11.83% and a transaction volume of 1.22 billion yuan, indicating active market trading [3] - As of July 29, the average daily transaction volume of the Chinese Internet ETF over the past year is 3.71 billion yuan, with a total scale reaching 1.028 billion yuan [3] - The net asset value of the Chinese Internet ETF has increased by 46.53% over the past year, with the highest monthly return since inception being 40.52% [3] Group 2: Leverage and Investment Trends - Leveraged funds have been consistently investing in the Chinese Internet ETF, with a net inflow of 15.2356 million yuan on the highest single day, bringing the latest financing balance to 141 million yuan [3] - The ETF has experienced a maximum consecutive monthly increase of 4 months, with an average monthly return of 8.83% during the rising months [3] Group 3: Valuation Metrics - The price-to-earnings ratio (PE-TTM) of the index tracked by the Chinese Internet ETF is currently at 18.63, which is below 81.49% of the time over the past five years, indicating a historically low valuation [3] Group 4: AI and Market Outlook - AI is identified as the core driver of growth in computing power, with China's intelligent computing scale expected to grow over 70% year-on-year by the end of 2023 [4] - Major domestic internet companies like Alibaba and Tencent are increasing investments in cloud services and AI infrastructure, indicating strong capital expenditure potential [4] - The Hong Kong stock market is anticipated to release mid-term earnings in mid-August, with expectations of improved performance for leading tech companies [4] Group 5: Top Holdings in the Index - As of June 30, 2025, the top ten weighted stocks in the China Overseas Internet 30 USD Index include Tencent, Alibaba, Xiaomi, Meituan, Pinduoduo, NetEase, JD.com, Ctrip, Baidu, and Kuaishou, collectively accounting for 86.37% of the index [6]