Mei Ri Jing Ji Xin Wen·2025-09-22 03:25Group 1 - The Hong Kong stock market indices collectively declined, with the Hang Seng Tech Index dropping nearly 1% on September 22, 2023 [1] - Consumer electronics stocks showed strength, while innovative drug concept stocks experienced a broad increase [1] - Southbound funds net bought HK$98.38 billion worth of Hong Kong stocks on September 19, with Alibaba receiving a net purchase of HK$17.27 billion [1] Group 2 - Alibaba has been net bought by southbound funds for 21 consecutive trading days, with the net purchase amount exceeding HK$40 billion during the day of reporting [1] - Citic Securities suggests focusing on Alibaba's computing chip specifications and capital expenditure plans ahead of the Cloud Summit on September 24, 2025 [1] - Alibaba has completed the issuance of US$3.2 billion in zero-coupon convertible senior notes, with approximately 80% allocated for cloud infrastructure development [1] Group 3 - The competition between Alibaba and Baidu in self-developed chips is igniting a bullish sentiment, with expectations for the Hang Seng Tech Index to break upward again [2] - The potential for continued inflow of southbound funds is anticipated due to the Federal Reserve's interest rate cuts and the resurgence of AI narratives [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Tech Index ETF (513180) for exposure to core Chinese AI assets [2]