政策利好叠加产业突破，港股科网板块未来可期

Group 1 - The capital market policies in China have significantly increased in intensity over the past two years, focusing on supporting technological development [1] - The reform direction of the capital market aims to optimize resource allocation and guide orderly flow of factors to serve the development of new productive forces [1] - Recent technological breakthroughs in areas such as large models, robotics, smart vehicles, and quantum computing are driven by top-level policy design that enhances the innovation ecosystem [1] Group 2 - The strategic competition between China and the US has evolved from trade friction to technology, with the US intensifying technology restrictions on China [1] - External pressures have accelerated China's pace of independent innovation, transitioning from a "follower" to a "leader" in technology [1] - Significant breakthroughs have been achieved in key technology fields in China since 2024, including Huawei's Ascend chips nearing international leading performance and domestic humanoid robots breaking foreign monopolies [1] Group 3 - The Chinese technology sector is witnessing a shift from technological catch-up to partial leadership in certain areas, exemplified by iFlytek's large model capabilities surpassing international counterparts and BYD's electric platform technology being exported to international giants [1] - This "pressure-response-breakthrough" innovation paradigm is reshaping the global technology competition landscape [1] Group 4 - The Hong Kong stock market is gathering domestic AI core assets, covering the entire industry chain including computing power, models, software applications, and hardware terminals, positioning itself as a pioneer in the revaluation of Chinese assets [2] - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain, while the Hang Seng Internet ETF (513330) focuses on leading internet companies [3]