Sou Hu Cai Jing·2025-10-27 02:46Group 1 - Hong Kong stocks opened higher on October 27, with major tech companies showing strong performance, including Alibaba-W up over 3% and Tencent Holdings up over 2% [1] - The Hong Kong Internet ETF (513770) opened higher, with an intraday price increase of 1.5% and a real-time premium rate exceeding 0.5%, indicating strong buying interest [2][3] - The Hong Kong Internet ETF has seen a net inflow of 365 million yuan over the past three days, reflecting positive investor sentiment [2] Group 2 - Analysts from various firms, including招商证券 and 华泰证券, believe that the development of the AI industry, easing US-China relations, and policy implementation are likely to drive a rebound in the market [4] - The Hong Kong Internet ETF tracks the CSI Hong Kong Internet Index, with major holdings including Alibaba-W, Tencent Holdings, and Xiaomi Group-W, which together account for over 72% of the top ten holdings [4] - The current price-to-earnings (PE) ratio of the CSI Hong Kong Internet Index is 23.69, which is lower than both US and A-share tech stocks, indicating a potentially attractive valuation [6] Group 3 - The Hong Kong Internet ETF has surpassed 10 billion yuan in size, with an average daily trading volume exceeding 600 million yuan, providing good liquidity [8] - The historical performance of the CSI Hong Kong Internet Index shows significant volatility, with a return of 109.31% in 2020, followed by declines in subsequent years, and a recovery of 23.04% projected for 2024 [8]