2 1 Shi Ji Jing Ji Bao Dao·2025-12-08 02:11Group 1 - The Hang Seng Index opened with a slight decline of 0.07%, while the Hang Seng Tech Index saw a minor increase of 0.08% [1] - Notable performers in the Hong Kong stock market included Health Road, which rose over 3%, and several companies like SMIC and AAC Technologies, which increased by more than 2% [1] - The Hong Kong Stock Connect Tech ETF (513860) experienced a 0.13% rise, with a trading volume of 13.68 million yuan and a real-time premium rate of 0.01% [1] Group 2 - A significant trend in the Hong Kong stock market has been a surge in share buybacks, with 250 companies participating and repurchasing over 7 billion shares for a total amount exceeding 162 billion HKD as of December 4 [2] - The technology and consumer discretionary sectors have been the most active in terms of buybacks, driven by factors such as reasonable blue-chip valuations and companies holding ample cash [2] - The Hong Kong Stock Exchange's upcoming revision of the "treasury stock new regulations" in June 2024 will allow companies to repurchase shares without canceling them, thus lowering operational barriers for buybacks [2] Group 3 - The Hong Kong Stock Connect Tech ETF (513860) closely tracks the CSI Hong Kong Stock Connect Tech Index, which includes 50 large-cap technology companies with high R&D investment and rapid revenue growth [3] - The top ten weighted stocks in the index include major players like Alibaba, Tencent, SMIC, Xiaomi, and BYD [3] - According to CICC, the technology sector is expected to present significant investment opportunities by 2026, particularly in new infrastructure driven by technological innovation and structural opportunities arising from domestic demand recovery and high export growth [3]