港股AI二度上攻！百亿港股互联网ETF（513770）溢价涨超2%，机构：政策与流动性双轮驱动互联网板块

Core Viewpoint - The Hong Kong stock market is experiencing strong performance in the AI sector, particularly with the Hong Kong Internet ETF (513770) showing significant gains and attracting substantial capital inflows [1][3]. Group 1: Market Performance - The Hong Kong Internet ETF (513770) saw a price increase of over 2% during the afternoon session, currently up by 1.84%, indicating strong buying interest [1]. - Over the past three days, the Hong Kong Internet ETF has recorded a net capital inflow of 365 million CNY [1]. - The ETF's latest scale has surpassed 10 billion CNY, with an average daily trading volume exceeding 600 million CNY this year [8]. Group 2: Key Holdings and Sector Analysis - The top three holdings in the Hong Kong Internet ETF are Alibaba-W, Tencent Holdings, and Xiaomi Group-W, with weightings of 18.11%, 16.16%, and 11.067% respectively, collectively accounting for over 72% of the ETF [3]. - The China Securities Index for Hong Kong Internet stocks has shown a significant outperformance compared to the Hang Seng Technology Index, highlighting the sector's resilience [5]. - The current price-to-earnings (P/E) ratio for the Hong Kong Internet Index is 23.69, which is lower than both the historical average and the P/E ratio of the Hang Seng Technology Index [6]. Group 3: Future Outlook and Strategic Initiatives - Citigroup's recent report is optimistic about Kuaishou's performance during the Double Eleven shopping festival and its potential for AI monetization [3]. - The policy direction emphasizes technological self-reliance and the upgrading of industries, which is expected to benefit emerging sectors like the internet [3]. - Investors are advised to closely monitor upcoming U.S. policy changes and the financial results of Chinese tech companies to identify structural recovery opportunities [3].