恒生科技指数跌至年线附近 恒生科技ETF（513130）单日获近10亿份净申购

Core Viewpoint - The Hong Kong technology sector is experiencing a pullback, with the Hang Seng Tech Index nearing its annual line, prompting increased market interest and inflow of funds into related assets [1][2] Group 1: Market Performance - The Hang Seng Tech ETF (513130) saw a net subscription of 990 million units on December 16, raising its total shares to 59.663 billion and its latest scale to 42.337 billion yuan [1] - The average daily trading volume of the Hang Seng Tech ETF since Q4 2025 has reached 5.468 billion yuan, indicating significant liquidity advantages [1] Group 2: Valuation and Investment Potential - The latest price-to-earnings (P/E) ratio of the Hang Seng Tech Index has dropped to 22.74, which is at a low percentile of 31.42% over the past five years [2] - Compared to major technology indices in A-shares and US markets, the Hang Seng Tech Index offers attractive valuation opportunities, with a P/E significantly lower than the Nasdaq's 41.09 and the Sci-Tech Innovation 50's 156.57 [2] Group 3: Fund Characteristics and Investor Interest - The Hang Seng Tech ETF (513130) is recognized as a preferred tool for investors looking to allocate to the Hong Kong technology sector, with over 220,000 account holders as of the mid-2025 report [2] - The ETF features advantages such as large scale, superior liquidity, and support for T+0 trading, with a low annual management fee of 0.2%, making it an appealing option for cost-effective investment in Hong Kong tech assets [2]