Core Viewpoint - The Hong Kong stock market's semiconductor industry chain is experiencing a significant pullback, with major companies like Hua Hong Semiconductor and Xiaomi seeing notable declines, while a new ETF focused on this sector is attracting investor interest despite the downturn [1][3]. Group 1: Market Performance - On December 15, the Hong Kong stock market saw a decline in the semiconductor industry chain, with Hua Hong Semiconductor dropping over 6%, and other companies like InnoCare and Xiaomi also experiencing declines of over 5% and 2% respectively [1]. - The first ETF focusing on the Hong Kong semiconductor industry chain (159131) saw a price drop of 2.35%, with a trading volume exceeding 23.5 million CNY, indicating that investors are buying on dips, as evidenced by a net subscription of 4 million shares [1][3]. Group 2: ETF Details - The newly launched Hong Kong Information Technology ETF (159131) tracks an index composed of 70% hardware and 30% software, heavily investing in semiconductor and electronic companies, with notable weights for SMIC (20.48%), Xiaomi (9.53%), and Hua Hong Semiconductor (5.80%) [3]. - The ETF excludes major internet companies like Alibaba and Tencent, allowing for a sharper focus on the AI hard technology sector within the Hong Kong market [3]. Group 3: Industry Outlook - According to a report by Ping An Securities, there is a strong demand for AI computing power, with the global and Chinese AI server market projected to grow at CAGRs of 15.5% and 30.6% respectively from 2024 to 2028 [2]. - The trend towards self-sufficiency in AI computing chips in China is expected to accelerate, driven by supportive policies, strong downstream demand, and significant replacement opportunities, indicating a robust growth trajectory for domestic AI computing chip industry [2].
“港股芯片”产业链集体回调，华虹半导体大跌逾6%！港股信息技术ETF（159131）跌超2%盘中获净申购400万份