Ge Long Hui·2025-09-12 03:26Group 1 - Hong Kong's three major indices collectively rose, with Baidu increasing over 9% and Alibaba rising over 5%, driving the China concept internet ETF (513050) up by 2.11% and the Hang Seng Technology ETF (513010) up by 1.46% [1] - The China concept internet ETF (513050) is the only ETF tracking the CSI Overseas China Internet 50 Index, with a latest scale of 38.208 billion yuan, high liquidity, and supports T+0 trading; Tencent Holdings is the largest weight at 33.21%, followed by Alibaba at 20.64%, together accounting for over 53% of the index [1] - The Hang Seng Technology ETF (513010) focuses on core Chinese technology assets, with constituent stocks deeply engaged in the AI industry chain [1] Group 2 - Alibaba has launched the next-generation foundational model architecture Qwen3-Next and open-sourced the Qwen3-Next-80B-A3B series model based on this architecture [1] - Baidu has officially released the Wenxin large model X1.1, which outperforms DeepSeek R1-0528; compared to the previous version X1, X1.1 shows a 34.8% improvement in factual accuracy, a 12.5% increase in instruction adherence, and a 9.6% enhancement in intelligent agent performance [1] - Alibaba and Baidu have begun using self-designed chips to train their AI models, partially replacing chips produced by Nvidia [2] Group 3 - International investment banks have shown a significant increase in interest in Chinese assets, with Morgan Stanley reporting that over 90% of investors they spoke with expressed a willingness to increase their exposure to the Chinese market, the highest level since early 2021 [2]