美联储降息预期升温推动恒生科技ETF（513130）吸引力增强，近三个交易日合计获近20亿份净申购

Group 1 - The recent market news strengthens expectations for a Federal Reserve interest rate cut, with Chairman Powell signaling a potential halt to balance sheet reduction and highlighting worsening labor market conditions [1] - The Federal Reserve's Beige Book indicates a stable overall labor market in the U.S., but with weak demand, further boosting rate cut expectations [1] - The offshore Hong Kong stock market, particularly the technology sector, is expected to benefit significantly from continued global liquidity [1] Group 2 - The Hang Seng Tech ETF (513130) has seen substantial inflows, with over 15.6 billion yuan invested in October 2025, indicating strong market interest [2] - The ETF's total shares have surpassed 50.36 billion, reaching a record high since its inception, reflecting robust demand [2] - The Hang Seng Tech Index, closely tracked by the ETF, represents a significant portion of the Hong Kong tech sector, including 30 leading companies across various industries [2] Group 3 - Long-term forecasts suggest that improvements in supply-demand dynamics may lead to a turning point in the Chinese economic cycle, with capital expenditure and R&D in the tech sector becoming new growth engines [2] - The combination of U.S. rate cuts and supportive policies in China is expected to attract continued inflows from southbound and foreign investors into Hong Kong stocks [2] - The Hang Seng Tech ETF offers advantages such as large scale, good liquidity, and low fees, making it a key tool for investors looking to capitalize on the recovery of the Hong Kong tech sector [2]