Ge Long Hui·2025-08-10 07:10Group 1 - The Hong Kong stock market has seen significant activity in 2025, with southbound capital net purchases exceeding the total for the previous year, and IPO financing returning to the top globally [1][4] - The average daily trading volume of ETFs in the Hong Kong market has surged to 33.8 billion HKD, a 184% increase compared to the previous year [2] - The Hong Kong Internet ETF has attracted over 33 billion HKD in net inflows this year, making it the only ETF in the market to surpass 30 billion HKD [3] Group 2 - The performance of Hong Kong-related ETFs has been outstanding, with 19 ETFs rising over 50% this year, 18 of which are invested in Hong Kong stocks; the Hang Seng Innovation Drug ETF leads with a 97% increase [4] - The Hang Seng Index has risen by 23.92% this year, outperforming major global indices such as the S&P 500, which increased by 8.63% [4] Group 3 - Foreign investment banks, including Goldman Sachs, have repeatedly raised their target prices for the Hong Kong Stock Exchange, indicating positive sentiment [5] - Insurance capital has been actively purchasing Hong Kong stocks, with 22 instances of capital injection this year, favoring undervalued and high-dividend assets [6] Group 4 - Analysts predict that the Hong Kong stock market will continue its bull run in the second half of the year, with internet giants expected to increase investments in AI infrastructure [7] - The current valuation of Hong Kong internet stocks is considered low, and the ongoing AI wave is expected to drive technology leaders in the region to outperform the market [7]