Sou Hu Cai Jing·2025-11-24 07:16Group 1 - The core viewpoint of the articles indicates a positive trend in the Hong Kong stock market, particularly in the internet sector, with significant inflows of capital and strong performance from major companies like Alibaba and Kuaishou [1][5] - The Hong Kong Stock Connect Internet ETF (513040) has seen a net inflow of over 5.1 billion yuan in the last 10 days, with a total of over 12 billion yuan in the past 20 days and over 57 billion yuan in the last 60 days, indicating strong investor interest [1][5] - Alibaba's AI assistant, Qianwen App, has achieved over 10 million downloads in just one week, making it the fastest-growing AI application, surpassing competitors like ChatGPT [5] Group 2 - The valuation of the Hong Kong Stock Connect Internet ETF (513040) is at a historical low, with a latest price-to-earnings ratio (PE-TTM) of only 21.93, which is below 91.7% of the time since the index's inception [6] - The top five weighted stocks in the index, including Alibaba, Tencent, Xiaomi, Meituan, and SenseTime, account for 57.41% of the index, highlighting the dominance of major tech companies in the sector [5] - The outlook for the Hong Kong stock market is optimistic, with expectations of improved economic conditions and a potential turning point in the economic cycle, driven by increased capital expenditure and R&D in the tech industry [5]