“港股芯片”再调整，资金跑步进场！港股信息技术ETF（159131）跌超2%再获净申购500万份

Core Viewpoint - The Hong Kong stock market's semiconductor industry chain is experiencing a downturn, with several stocks dropping over 4%, while the first ETF focused on this sector is showing signs of volatility and net inflow [1][5]. Group 1: Market Performance - The Hong Kong semiconductor industry chain saw significant declines, with stocks like Jiufang Zhitu Holdings, Jintao Laminated Board, and Cloud Know Voice dropping over 4% [1][5]. - The newly launched Hong Kong Information Technology ETF (159131) opened lower, down 2.09%, with a real-time transaction amount of 22.35 million yuan, indicating a widening premium [1][5]. - The ETF recorded a net inflow of 6.39 million yuan yesterday and an additional net subscription of 5 million units today [1][5]. Group 2: ETF Details - The ETF is the first in the market to focus on the "Hong Kong semiconductor" industry chain, with a composition of 70% hardware and 30% software, covering 42 Hong Kong hard-tech companies [3][7]. - Major holdings include SMIC with a weight of 20.48%, Xiaomi Group-W at 9.53%, and Huahong Semiconductor at 5.80%, excluding large-cap internet companies like Alibaba and Tencent [3][7]. - The index tracked by the ETF has a sample weight cap of 15%, with adjustments made every six months, which may lead to fluctuations in individual stock weightings [3][7]. Group 3: Industry Insights - According to recent research, the self-sufficiency of the semiconductor supply chain is a key theme in China's hard technology sector, supported by strong domestic demand and policy backing [6][8]. - The geopolitical landscape is reshaping the global semiconductor industry, with major economies prioritizing local manufacturing to mitigate supply chain risks [6][8]. - This trend is also evident in other regions like the US, EU, and Japan, where government subsidies are expected to reshape the competitive landscape of the global semiconductor industry in the medium term [6][8].