SMIC(SH:688981) Sou Hu Cai Jing·2025-10-24 04:23Group 1 - The Hong Kong stock market experienced a collective rebound, particularly in the technology sector, with the Hang Seng Technology Index showing significant activity [1] - The Hang Seng Technology ETF (513130) attracted a total of 2.321 billion yuan in October, leading to a total share count exceeding 51 billion, marking a 55% increase year-to-date [1] - Recent important meetings emphasized "high-level technological self-reliance," providing a clearer direction for the technology sector and injecting positive momentum for long-term development [1] Group 2 - The current price-to-earnings (P/E) ratio of the Hang Seng Technology Index is 22.99, which is lower than 70% of its historical levels, making it more attractive compared to major technology indices in A-shares and U.S. markets [2] - The upcoming Federal Reserve meeting on October 28-29, 2025, is expected to influence foreign capital inflows into the undervalued Hong Kong technology sector, potentially leading to a valuation increase [2] - Despite external uncertainties, the market is likely to return to an upward trend, supported by ongoing negotiations in trade disputes and potential agreements that could enhance investor confidence in Chinese assets [2] Group 3 - The Hang Seng Technology ETF (513130) offers advantages such as large scale, superior liquidity, T+0 support, and low fees, making it a key tool for investors looking to allocate to core Hong Kong technology assets [3] - The fund manager, Huatai-PB Fund, is one of the first ETF managers in China, with extensive experience and a strong track record in managing large-scale ETFs [3]