Mei Ri Jing Ji Xin Wen·2025-09-29 06:56Core Viewpoint - The Hong Kong Stock Connect Technology ETF (159101) has seen significant capital inflow and is favored by investors, particularly in the context of a favorable valuation environment for technology stocks [1] Group 1: Fund Performance - As of September 26, the Hong Kong Stock Connect Technology ETF (159101) has experienced a net inflow of 464 million yuan over the past 10 trading days, indicating strong investor interest [1] - The ETF closely tracks the Guozheng Hong Kong Stock Connect Technology Index, selecting 30 high market capitalization and high R&D investment technology leaders, with the top ten holdings accounting for over 75% [1] Group 2: Market Trends - On September 26, southbound funds net purchased Hong Kong stocks worth 10.541 billion HKD, with Alibaba receiving a net purchase of 2.412 billion HKD [1] - For the week ending September 26, the cumulative net purchase of southbound funds reached 43.959 billion HKD, and the total net purchase for the year has surpassed 1,153.689 billion HKD, significantly exceeding last year's total [1] Group 3: Analyst Insights - Cathay Haitong Securities believes that the current Hong Kong stock market offers outstanding value, particularly for certain technology leaders whose valuations remain low, suggesting substantial upside potential in the current technology cycle [1] - The report indicates that the AI cycle will be a key driver for the market, with the Hong Kong Stock Connect Technology ETF positioned to benefit from this trend [1]