Xin Lang Ji Jin·2025-09-12 01:46Core Viewpoint - Chinese assets have experienced a significant surge, with the Nasdaq Golden Dragon China Index rising nearly 3% and Alibaba's US stock increasing by 8% [1] Market Performance - The US Labor Department reported that the Consumer Price Index (CPI) for August rose by 2.9% year-on-year, while the core CPI increased by 3.1%, both in line with expectations [1] - The Hang Seng Index opened 1.74% higher on September 12, with the Hang Seng Tech Index rising by 1.97% [1] - Notable gains were seen in major Chinese stocks, including Alibaba-W leading with a 6% increase, Tencent Holdings and Kuaishou-W both rising nearly 3%, and Xiaomi Group-W up over 1% [1] Foreign Investment Trends - Foreign investors net bought a total of $39 billion in Chinese bonds and stocks in August, indicating increased foreign capital allocation to Chinese assets [2] - Global hedge funds recorded the highest net buying of Chinese stocks since September 2024 [2] Sector Analysis - The Hong Kong tech sector is viewed as undervalued globally, with high-growth and high-volatility stocks expected to benefit from increased foreign investment [3] - The Hong Kong Internet ETF (513770) has seen a continuous inflow of funds, with a net inflow of 2.792 billion yuan over the past 20 days [4] ETF Performance - The Hong Kong Internet ETF (513770) has outperformed the Hang Seng Tech Index by over 10 percentage points in terms of cumulative returns this year [8] - The ETF's latest scale has surpassed 10 billion yuan, achieving a historical high, with an average daily trading volume of nearly 600 million yuan [10] Top Holdings - The top four holdings in the Hong Kong Internet ETF include Xiaomi Group-W, Tencent Holdings, Alibaba-W, and Meituan-W, collectively accounting for 54.74% of the fund [6]