Xin Lang Cai Jing·2025-08-06 07:27Core Viewpoint - The Hong Kong stock market is experiencing a rebound, with both the Hang Seng Index and the Hang Seng Tech Index turning positive, driven by significant inflows into the Hong Kong Stock Connect Technology 30 ETF (520980) [1][3] Market Performance - The Hong Kong Stock Connect Technology 30 ETF (520980) saw a nearly 1% increase, with trading volume exceeding 1.56 billion yuan, and has attracted over 1.2 billion yuan in the last 20 days, reaching a new high of nearly 2.5 billion yuan [1][3] - Major component stocks of the ETF mostly showed positive performance, with BYD Electronics rising over 7%, SMIC and UBTECH increasing over 2%, and Tencent Holdings up over 1% [3] Fund Inflows - Southbound capital inflows have surged, with net purchases exceeding 7.2 billion yuan as of 14:38, and a record net purchase of 23.426 billion HKD on August 5, marking the highest since April 10 [4] - Cumulatively, southbound capital net purchases have reached 884.382 billion HKD this year, significantly surpassing the total for the previous year [4] AI Industry Insights - The domestic artificial intelligence sector is benefiting from multiple favorable policies, including a 1 billion yuan special subsidy in Shanghai aimed at addressing challenges in AI application [5] - Recent policies are expected to enhance Shanghai's competitive edge in computing power and industry models, providing a template for other cities to transition from policy-driven to demand-driven AI development [5] Investment Strategy - The Hong Kong Stock Connect Technology 30 ETF (520980) focuses on the TMT sector, excluding pharmaceuticals, home appliances, and automobiles, making it a more concentrated investment in technology [5] - The ETF supports T+0 trading and does not occupy QDII quotas, making it an efficient choice for investors looking to engage in the Hong Kong tech sector [5]