港股AI击球区？年线附近猛烈抄底，百亿港股互联网ETF（513770）单日狂揽3.5亿！腾讯再掀回购潮

Group 1 - The overall performance of Hong Kong stocks in the AI sector has been volatile, with the Hong Kong Internet ETF (513770) experiencing a four-day decline, approaching the annual line, but showing strong buying interest with a net inflow of 352 million HKD yesterday and a total of 584 million HKD over the past six days [1][10]. - Analysts believe that the Hong Kong Internet sector is nearing a "bad news fully priced in" state, showing signs of bottoming out as previous core risk factors such as US-China trade tensions and the impact of the "takeout war" on profitability have been largely released during the correction [3][10]. - Notably, since November, leading companies in the Hong Kong Internet sector have initiated a new round of share buybacks, with Tencent repurchasing 18.638 million shares for over 11.4 billion HKD and Xiaomi repurchasing 77.6 million shares for over 3.1 billion HKD, indicating a mismatch between current stock prices and corporate value [3][10]. Group 2 - The Hong Kong Internet sector includes several platform-type technology giants and leaders in hard technology, which are deeply embedded in the global supply chain in key areas such as AI models, cloud computing, smart hardware, and semiconductors, transitioning from the investment phase to the value realization phase [5][12]. - The Hong Kong Internet ETF (513770) and its linked funds passively track the CSI Hong Kong Internet Index, heavily investing in leading companies like Alibaba and Tencent, with the top ten holdings accounting for over 73% of the fund, showcasing significant advantages [5][12]. - The Hong Kong Internet ETF has a current scale exceeding 10 billion HKD, with an average daily trading volume of over 600 million HKD this year, supporting T+0 trading and offering good liquidity without QDII quota restrictions [5][12].