Sou Hu Cai Jing·2025-08-25 06:03Group 1 - The core viewpoint of the news is that the Hong Kong internet sector is experiencing significant activity, with leading stocks like Alibaba and Tencent showing strong gains, driven by positive market sentiment and upcoming earnings reports [1][3][4] - The Hong Kong internet ETF (513770) has seen a substantial increase in trading volume, with a net subscription of over 447 million yuan in the past five days, bringing its total fund size to a record high of 8.289 billion yuan [1][3] - The anticipation of potential interest rate cuts by the Federal Reserve is seen as a catalyst for the Hong Kong stock market, particularly benefiting liquidity-sensitive sectors like technology [3][4] Group 2 - Major internet companies in Hong Kong, including Alibaba and Meituan, are set to release their Q2 earnings, which could further influence market dynamics and investor sentiment [4][5] - The Hong Kong internet ETF (513770) passively tracks the CSI Hong Kong Internet Index, which has outperformed the Hang Seng Tech Index, with a year-to-date increase of over 35% [4][5] - As of the end of Q2, the top four holdings in the Hong Kong internet ETF include Xiaomi, Tencent, Alibaba, and Meituan, collectively accounting for over 54.74% of the fund's total weight [5][6]