Mei Ri Jing Ji Xin Wen·2025-09-03 08:06Group 1 - The Hong Kong stock market has seen a strong inflow of southbound funds, with net purchases exceeding 1 trillion HKD as of September 2, setting a new historical record and significantly surpassing last year's total [1] - The technology sector has emerged as a leader in the revaluation of Chinese assets, driven by its valuation advantages and clear growth prospects, attracting global capital allocation towards Chinese technology [1] - Alibaba's impressive earnings report led to an 18% surge in its stock price, boosting market sentiment and strengthening the overall Hong Kong technology sector [1] Group 2 - The National Securities Research report indicates a historical alternating relationship between the ChiNext Index and the Hang Seng Technology Index, suggesting potential for significant rebound in the latter as the yield gap has widened to 25% [1] - Factors supporting the positive outlook for the Hong Kong stock market include attractive valuations, expected foreign capital inflow, continuous southbound fund inflow, and the representation of emerging industries like AI and innovative pharmaceuticals [2] - The launch of the Hong Kong Stock Connect Technology ETF (159101) provides investors with a convenient tool to invest in the technology sector, tracking the National Securities Hong Kong Stock Connect Technology Index and focusing on major tech companies [2]