Group 1 - The Hang Seng Index rose by 1.05% on October 27, driven by significant breakthroughs in China's technology industry, with southbound funds net buying HK stocks worth HKD 2.873 billion on the same day [1] - The top net bought stocks included SMIC and Hua Hong Semiconductor, with net purchases of HKD 1.143 billion and HKD 0.986 billion, respectively, ranking first and third among the top ten stocks [1] - The launch of the first information technology ETF in the Hong Kong market, tracking the CSI Hong Kong Stock Connect Information Technology Composite Index, is expected to attract significant market attention due to its focus on leading stocks like SMIC and Hua Hong Semiconductor [1] Group 2 - The 20th Central Committee's Fourth Plenary Session emphasized "high-quality development" and "enhancing independent innovation capabilities," positioning these as primary goals in the latest 14th Five-Year Plan [2] - The 2025 Bay Area Semiconductor Industry Ecosystem Expo showcased nearly 2,000 new products from leading Chinese hard technology companies, indicating significant progress in domestic chip technology and core technology sectors [2] Group 3 - The CSI Hong Kong Stock Connect Information Technology Composite Index, which the new ETF tracks, consists of 41 hard technology companies, with a composition of 70% hardware and 30% software, focusing on semiconductors, electronics, and computer software [3] - The index excludes larger internet companies, enhancing its focus on capturing the AI hard technology market trends [3] - As of September 30, 2025, the index's top-weighted stocks include SMIC (19.41%), Xiaomi Group (10.28%), and Hua Hong Semiconductor (5.11%), with the top five stocks accounting for 51% of the index [5]