Xin Lang Ji Jin·2025-09-04 03:24Group 1 - The Hong Kong stock market opened high but closed lower, with all three major indices in the red, while the AI sector showed resilience, particularly the Hong Kong Internet ETF (513770) which performed better than the Hang Seng Tech Index [1][3] - Southbound capital has net bought over 10,000 billion HKD this year, setting a historical record and significantly surpassing last year's total, with the tech sector leading the revaluation of Chinese assets due to its valuation advantages and growth prospects [3][4] - Four key factors support the upward trend of the Hong Kong stock market: attractive valuations, potential foreign capital inflow, continuous southbound capital inflow, and the representation of emerging industries like AI [3][4] Group 2 - The Hong Kong Internet ETF (513770) and its linked funds track the CSI Hong Kong Internet Index, with top holdings including Xiaomi, Tencent, Alibaba, and Meituan, which together account for over 54.74% of the fund [4][5] - The fund has seen significant inflows recently, with 9 out of the last 10 days recording net inflows totaling 1.477 billion HKD, indicating strong investor interest in the AI sector [5][7] - The fund's latest size exceeds 9.3 billion HKD, with an average daily trading volume of 596 million HKD, highlighting its liquidity and appeal for investors [7]