2 1 Shi Ji Jing Ji Bao Dao·2025-07-31 03:25Group 1 - The Hang Seng Technology Index experienced a strong rise of 1.44% in early trading, with the Hang Seng Internet ETF increasing by 2.10% and a turnover rate exceeding 16% [1] - Active equity funds have increased their allocation to Hong Kong stocks to a historical peak, with healthcare and financial sectors being the main areas of increased investment, while tech giants like Tencent and Xiaomi remain top holdings [1] Group 2 - CITIC Securities anticipates that the mid-year earnings for Hong Kong stocks will be released in mid to late August 2025, with a significant increase in revenue growth expected for the Hang Seng Index compared to the previous year, although profit growth may moderate [2] - There is a positive trend in confidence for certain sectors such as new consumption, technology, and pharmaceuticals, with earnings expectations being revised upward ahead of earnings reports [2] - The technology sector's earnings expectations have seen slight downward adjustments mainly due to delivery subsidy disruptions, but other sub-sectors like new energy vehicles, semiconductors, and consumer electronics show a general upward revision in earnings expectations [2]