龙头回购显信心，险资举牌、外资回流共筑港股流动性底座

Core Insights - The Hong Kong stock market has emerged as a global capital injection hotspot, achieving an IPO financing amount of HKD 192 billion and a placement amount of HKD 241.7 billion, supported by public buying, insurance capital stakes, and foreign capital inflow [1] - Major companies like Tencent, with a buyback of HKD 60.9 billion, along with others like Kuaishou and Meituan, demonstrate a strong recognition of their intrinsic value [1] - Hong Kong is positioned as a key entry point for global capital to share in the revaluation opportunities of China's core assets, particularly in the technology sector, which is highlighted as a significant area of growth and investment [1] Industry Summary - The technology sector in Hong Kong is becoming increasingly prominent, with companies like DeepSeek and Alibaba's Tongyi gaining global recognition, while firms like Cambricon are rising in the secondary market [1] - The dual-polarity pattern of technological innovation led by China and the U.S. is forming, making the Hong Kong technology sector an attractive focus for investors seeking high-quality tech enterprises [1] Related ETFs - The Hong Kong Stock Connect Technology ETF (159101) covers the entire AI industry chain [2] - The Hang Seng Internet ETF (513330) focuses on leading internet companies [2]