Xin Lang Cai Jing·2025-10-24 02:53Market Performance - The Hang Seng Tech Index rose by 1.34% as of October 24, 2025, with notable gains from companies like Hua Hong Semiconductor (+9.45%) and ASMPT (+5.59%) [2] - The Hang Seng Tech Index ETF (159742) increased by 0.48%, reaching a latest price of 0.83 HKD, and has seen a 0.61% rise over the past week [2] - The CSI Hong Kong Stock Connect Internet Index increased by 0.97%, with significant gains from companies such as Qutoutiao (+19.38%) and Huya (+5.58%) [3] - The Hong Kong Internet ETF (159568) rose by 0.63%, with a latest price of 1.91 HKD, and has accumulated a 0.42% increase for the month [3] Liquidity and Trading Activity - The Hang Seng Tech Index ETF had a turnover of 4.89% with a trading volume of 225 million HKD, indicating active market participation [2] - The Hong Kong Internet ETF experienced a turnover of 12.47% with a trading volume of approximately 49.42 million HKD, reflecting a vibrant trading environment [6] - The average daily trading volume for the Hong Kong Internet ETF over the past year was 2.17 billion HKD [6] Industry Developments - Alibaba launched its first self-developed AI glasses, Quark AI Glasses, available for pre-sale at 3,699 HKD, featuring advanced technology for vision correction [6] - ByteDance's Seed team introduced a 3D generative model, Seed3D 1.0, capable of creating high-quality 3D models from single images [6] - Tencent announced the internal testing of its IMA 2.0 version, which includes new features based on agent capabilities [6] - Kuaishou launched a comprehensive AI programming product matrix, including tools and models for developers [6] Semiconductor and New Energy Vehicle Innovations - A research team from Peking University developed a high-precision, scalable analog matrix computing chip based on resistive random-access memory, achieving precision comparable to digital computing systems [7] - JD.com, in collaboration with CATL and GAC Group, announced the name of their new vehicle model, "Aion UT Super" [7] Institutional Insights - The recent Fourth Plenary Session emphasized high-quality development and technological self-reliance as key policy focuses, which may benefit the Hong Kong tech sector [8] - Guotai Junan Securities noted that if market concerns ease, the Hong Kong tech sector could benefit from current industry trends and improved liquidity [8] ETF Performance and Composition - The latest size of the Hang Seng Tech Index ETF reached 44.61 billion HKD, with a record high of 5.524 billion shares [9] - The ETF has seen continuous net inflows over the past ten days, totaling 246 million HKD, with an average daily net inflow of approximately 2.46 million HKD [9] - The top ten weighted stocks in the Hang Seng Tech Index account for 69.87% of the index, including major players like Alibaba and Tencent [10] - The CSI Hong Kong Stock Connect Internet Index's top ten weighted stocks represent 72.48% of the index, featuring companies such as Alibaba and Tencent [10]