Core Viewpoint - The recent 25 basis point interest rate cut by the Federal Reserve has led to fluctuations in the Hang Seng Tech Index, but analysts believe that the positive factors for Hong Kong tech stocks suggest strong upward momentum in the long term [1][2]. Macro Perspective - Hong Kong stocks are expected to attract foreign investment due to the liquidity boost from the interest rate cut, with growth sectors like technology, consumer discretionary, and pharmaceuticals likely to perform better [1]. - In the medium to long term, the opening of policy space in China may lead to increased foreign capital inflow into Hong Kong stocks [1]. Technical Perspective - The rapid iteration of AI technology, supported by policy, is expected to strengthen Hong Kong's AI sector, with major tech companies integrating AI into various applications such as gaming, fintech, e-commerce, content ecosystems, smart hardware, and cloud computing [1]. Profitability Perspective - The profitability of the "new economy" is showing strong performance, with the revenue growth rate for Hong Kong stocks in the first half of 2025 at a historical low, but overall profitability is improving, particularly in information technology and consumer discretionary sectors [2]. - The technology sector is less affected by economic cycles, with significant year-on-year growth expected in information technology and consumer discretionary sectors in the first half of 2025 [2]. - The growth in net profit for the information technology sector is accelerating, driven by improvements in traditional business and rapid development in AI [2]. - Overall, Hong Kong tech stocks have numerous positive factors, and any short-term market corrections may present good investment opportunities [2].
港股科技股具备诸多积极因素 关注银华基金旗下港股科技30ETF（513160）
Sou Hu Cai Jing·2025-09-23 08:00