美联储降息落地叠加“十五五”规划建议出炉，恒生科技ETF（513130）配置价值加强！

Core Insights - The Hong Kong stock market, particularly the technology sector, is experiencing increased attention due to the dual drivers of the Federal Reserve's interest rate cuts and favorable policies from China's "14th Five-Year Plan" [1][2] - The Hang Seng Tech ETF (513130) has seen significant inflows, with its fund size reaching 51.442 billion units as of October 29, 2025, marking a 56% increase from the beginning of the year [1] - The Federal Reserve's recent decision to lower the federal funds rate to a target range of 3.75%-4% is expected to maintain a loose global liquidity environment, benefiting Hong Kong's tech assets sensitive to interest rate changes [1][2] Market Dynamics - The Hang Seng Tech Index, closely tracked by the Hang Seng Tech ETF, includes various segments of the AI industry, such as semiconductor hardware and large model development, positioning it to capture investment opportunities from AI technology breakthroughs [2] - The emphasis on "technological self-reliance" in the "14th Five-Year Plan" provides long-term certainty for the tech sector's development, while the China Securities Regulatory Commission's initiatives to optimize cross-border listing mechanisms enhance the financing environment for Hong Kong tech companies [1][2] Investment Opportunities - The Hang Seng Tech ETF (513130) is highlighted as a valuable tool for investors looking to allocate resources to core tech assets in Hong Kong, benefiting from its large scale, superior liquidity, and T+0 trading mechanism [2] - The management company, Huatai-PB Fund, has extensive experience in ETF operations, having launched several leading ETFs in the A-share market, which adds credibility to the Hang Seng Tech ETF [2]