降息预期、AI叙事同步强化！恒生科技ETF（513130）连续7个交易日获资金净流入

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing volatility but remains attractive to investors, with significant capital inflows into the Hang Seng Technology ETF (513130) [1][2] Group 1: Market Performance - The Hang Seng Technology ETF has seen a capital increase of 2.676 billion yuan over the past seven trading days, with a total scale reaching 36.869 billion yuan as of September 3, 2025 [1] - The technology sector is supported by expectations of interest rate cuts and the strengthening narrative around AI [1] Group 2: Economic Indicators - The U.S. economic report indicates growth below average, with no signs of acceleration, leading to increased expectations for a rate cut by the Federal Reserve [1] - The sensitivity of the Hong Kong technology sector to interest rates positions it to benefit from these anticipated cuts [1] Group 3: Company Performance - The mid-year earnings reports from Hong Kong's internet companies have shown stable performance, with strong revenue and profit growth from AI-driven companies [1] - AI is proving to have a significant impact on advertising, cloud computing, and enterprise efficiency for major internet companies [1] Group 4: ETF Characteristics - The Hang Seng Technology ETF closely tracks the Hang Seng Technology Index, which includes 30 leading technology and internet companies, with top holdings including Tencent, Alibaba, and SMIC [2] - As of September 3, 2025, the ETF has an average daily trading volume of 5.3 billion yuan and a price-to-earnings ratio of 21.76, indicating potential for valuation uplift amid liquidity easing and AI validation [2]