恒生科技ETF(159740.SZ)规模突破超120亿元，美联储降息预期升温提振板块表现

Core Insights - As of August 25, the Hang Seng Technology ETF (159740.SZ) has surpassed 12 billion yuan in scale, experiencing 20 consecutive days of fund subscriptions, leading in both scale and liquidity among similar products on the Shenzhen Stock Exchange [1] - The Hang Seng Technology Index rose by 3.14% on August 25, outperforming the three major Hong Kong indices, with large tech stocks collectively rising and new energy vehicle stocks climbing due to strong pre-sales and orders exceeding expectations [1] - The macroeconomic environment is characterized by increasing expectations for interest rate cuts by the Federal Reserve, with Powell signaling a dovish stance, which has significantly raised the probability of a rate cut in September, benefiting Hong Kong tech stocks due to their high elasticity and sensitivity to interest rates [1] - Regulatory bodies in mainland China are promoting the healthy development of the platform economy, with the National Development and Reform Commission seeking opinions on the "Internet Platform Pricing Behavior Rules," which is expected to reduce industry uncertainty [1] - According to Citic Securities, the Hang Seng Technology Index is projected to achieve a 21.7% increase by 2025, having already realized significant excess returns, with a focus on core internet companies' guidance for the next fiscal year during the mid-year reporting phase [1]