

Group 1 - The core viewpoint of the articles indicates that the Hong Kong stock market, particularly the internet sector, is experiencing a rebound, with significant gains in major tech stocks and ETFs [1][2][4] - The Hong Kong Internet ETF (513770) has seen a strong performance, with a year-to-date increase of over 35% as of the end of July, outperforming the Hang Seng Tech Index [4][5] - Recent data shows that the Hong Kong Internet ETF has attracted substantial capital inflow, totaling 773 million yuan over ten consecutive days, reaching a record high fund size of nearly 8.7 billion yuan [2][4] Group 2 - The liquidity situation in the Hong Kong market has improved, with the interbank lending rates stabilizing and external liquidity conditions becoming more favorable, supporting a potential phase of price recovery [2] - Major holdings in the Hong Kong Internet ETF include Xiaomi, Tencent, Alibaba, and Meituan, which collectively account for over 54% of the fund's total weight [5][6] - The average daily trading volume of the Hong Kong Internet ETF has been 593 million yuan, indicating strong liquidity and the ability to support intraday trading without restrictions [7]