Ge Long Hui A P P·2025-09-17 03:39Group 1 - The Hong Kong stock market experienced a significant surge, with the Hang Seng Index rising over 1%, driven by strong performances from major stocks like Baidu and Alibaba, which saw increases of over 15% and nearly 5% respectively, restoring Alibaba's market capitalization to 3 trillion HKD [1] - Baidu and Alibaba have reportedly begun using self-designed chips for training AI models, partially replacing chips produced by Nvidia [1] - Alibaba's stock has seen continuous net buying from southbound funds for 18 consecutive days as Jack Ma's return is believed to push the company towards artificial intelligence and lead the food delivery battle [1] Group 2 - A strategic cooperation framework agreement was signed between China Merchants Group and Baidu, focusing on collaboration in cutting-edge AI technologies such as large models and cloud computing [1] - Reports indicate that SMIC is testing China's first domestically produced DUV lithography machine, highlighting advancements in local semiconductor manufacturing [1] - The probability of a 25 basis point rate cut by the Federal Reserve is at 96.1%, which is expected to positively impact liquidity in the Hong Kong stock market [1] Group 3 - The Hang Seng Technology Index ETF (159742) has seen a cumulative increase of over 12% since September 5, driven by the performance of major tech stocks [1] - The ETF tracks 30 leading companies related to technology themes in Hong Kong, including Tencent, Alibaba, Baidu, and SMIC, benefiting from both scale effects and domestic substitution potential in hard technology [1] - There has been a significant net inflow of 715 million HKD into the Hang Seng Technology Index ETF over the past 20 days, leading to a 114.37% increase in ETF shares this year [1][2]