港股科技ETF（513020）盘中上涨1%，流动性预期与AI产业趋势成焦点

Core Viewpoint - The recent pullback in Hong Kong's tech sector is sensitive to changes in risk appetite, but there are still revaluation opportunities as liquidity conditions improve [1] Group 1: Market Conditions - The Hong Kong tech sector has experienced significant recent pullbacks, with a decreased sensitivity to positive catalysts due to a decline in risk appetite [1] - The peak of liquidity suppression factors may have passed, indicating a potential for recovery in the tech sector [1] Group 2: AI Narrative and Industry Focus - Companies in the Hong Kong tech sector are primarily focused on domestic computing power, models, and applications, with their prospects closely tied to China's technological development [1] - The current progress in the sector differs from the continuous development cycle in the U.S. since 2023 [1] Group 3: Long-term Outlook - The "14th Five-Year Plan" supports the theme of technological self-sufficiency, which is crucial for the sector's long-term growth [1] - Despite short-term market sentiment being fully released, the Hong Kong tech sector is entering a phase for potential investment [1] Group 4: ETF and Index Information - The Hong Kong tech ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which focuses on technology companies traded through the Stock Connect [1] - The index consists of 30 constituent stocks and is weighted by market capitalization, reflecting the core performance of China's tech industry, particularly in hardware manufacturing and high-end technology [1]