Mei Ri Jing Ji Xin Wen·2025-10-09 07:38Core Viewpoint - The Hong Kong internet sector is experiencing fluctuations, with the CSI Hong Kong Internet Index down by 0.7% as of 14:40. However, the Hong Kong Internet ETF (513040) has seen a continuous net inflow of funds for 37 trading days, totaling over 3.3 billion yuan, reaching a historical high in scale [1] Group 1: AI Developments - OpenAI has released Sora2, which significantly enhances audio-video synchronization, physical consistency, and controllability, leading to increased expectations for AI applications [1] - Domestic models are rapidly iterating, with Tencent's "Hunyuan Image 3.0" topping the LMArena text-to-image leaderboard, and Zhiyuan releasing and open-sourcing GLM-4.6, while Alibaba's Tongyi Qianwen has open-sourced Qwen3-VL-30B-A3B and launched an FP8 version, indicating a strengthening of domestic open-source and localization efforts [1] - According to a report by China Galaxy Securities, the continuous iteration of underlying large model capabilities has laid a preliminary foundation for AI applications, which are increasingly being tested across various industries, suggesting transformative impacts on most sectors [1] Group 2: Market Insights - The CSI Hong Kong Internet Index focuses on AI applications and consists of 30 stocks related to internet businesses within the Hong Kong Stock Connect scope, with the top four constituent stocks being Tencent Holdings, Alibaba, Xiaomi Group, and Meituan, collectively accounting for over 50% of the index [1] - The current rolling price-to-earnings ratio of the index is 26.7 times, positioned at the 34.1% percentile since its release in 2021, indicating noteworthy allocation value [1] - Investors can conveniently position themselves to capitalize on the development opportunities in AI applications through the Hong Kong Internet ETF (513040) [1]