港股科技板块调整积蓄动能，人气品种恒生科技ETF（513130）放量吸金

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is showing signs of recovery with significant capital inflows into ETFs, indicating investor interest in low valuation opportunities [1][2]. Group 1: Market Performance - The Hong Kong stock market opened with a collective rebound, especially in the technology sector, which had previously faced pressure due to global macroeconomic uncertainties [1]. - The Hang Seng Technology ETF (513130) saw a notable increase in trading volume, reaching a new monthly high of 9.796 billion yuan on November 21, 2025 [1]. Group 2: Capital Inflows - In November, all ETFs tracking the Hang Seng Technology Index experienced a total net inflow of 19.5 billion yuan over 15 trading days, accounting for 21% of the total net inflow for 2025 [1][2]. - The Hang Seng Technology ETF (513130) attracted 4.871 billion yuan during the same period, with its total shares surpassing 58.8 billion, marking a 78% increase year-to-date [1][2]. Group 3: Company Fundamentals - Recent Q3 2025 earnings reports from leading companies in the Hong Kong technology sector indicate resilience amid global economic fluctuations, with stable revenue and profit growth driven by AI enhancements and optimized business structures [2]. - The current price-to-earnings (PE) ratio of the Hang Seng Technology Index is 20.97, significantly lower than the historical average, indicating a valuation advantage compared to the STAR 50 Index and the Nasdaq [2]. Group 4: Investment Strategy - The Hang Seng Technology ETF (513130) is recognized for its large scale, superior liquidity, and low management fee of 0.2% per year, making it a key tool for investors looking to capitalize on core assets in the Hong Kong technology sector [3][4]. - The ETF is managed by Huatai-PineBridge Fund, which has extensive experience in ETF management and has successfully launched several leading ETFs in the market [4].