Mei Ri Jing Ji Xin Wen·2025-09-19 02:08Group 1 - The Hang Seng Index experienced a slight decline, while the Hang Seng Tech Index showed some recovery, with notable movements in stocks like NIO, Lenovo, and JD.com [1] - Shenwan Hongyuan suggests that since the end of 2024, China's internet cloud computing sector is mirroring the progress seen in North American giants, driven by AI advancements leading to increased capital expenditure and a positive cycle in cloud computing and advertising [1] - Domestic AI chip commercialization is progressing, with Baidu's Kunlun chip winning a bid for China Mobile's procurement project, indicating a focus on self-sufficiency in semiconductors [1] Group 2 - Alibaba and Baidu are competing in self-developed chips, fueled by a bullish sentiment around AI, which may lead to a further upward breakthrough for the Hang Seng Tech Index [2] - The potential for continued inflow of southbound funds is anticipated due to the Federal Reserve's interest rate cuts, which could catalyze a revaluation of the Hang Seng Tech sector [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Tech Index ETF (513180) as a means to invest in core Chinese AI assets [2]