外部风险收窄，港股AI继续攀升，阿里涨超2%，百亿港股互联网ETF（513770）续涨逾1%，规模再探新高

Core Viewpoint - The Hong Kong stock market is showing positive momentum, particularly in the internet sector, with major companies like Alibaba and Tencent experiencing gains, indicating a potential rebound in the market [1][9]. Group 1: Market Performance - On December 22, the Hong Kong stock market opened higher, with internet giants like Alibaba-W rising over 2% and others like Bilibili-W and Meituan-W increasing by more than 1% [1]. - The Hong Kong Internet ETF (513770) saw a price increase of over 1% at one point, currently up 0.95%, indicating strong market interest [1]. - The Hong Kong Internet ETF has recorded a net inflow of 1.253 billion yuan over the past 10 days, with its latest fund size exceeding 12.2 billion yuan, marking a historical high [9]. Group 2: Investment Insights - Galaxy Securities suggests that external risks are diminishing, and the Hong Kong stock market is expected to trend upwards, with the technology sector remaining a key focus for medium to long-term investments [3][9]. - According to China Merchants Securities, the current valuation of Hong Kong stocks is attractive, particularly in the technology sector, which is expected to rebound as liquidity shocks subside [3][9]. - The Hong Kong Internet ETF is designed to passively track the CSI Hong Kong Internet Index, heavily investing in leading companies like Alibaba and Tencent, with over 73% of its top holdings focused on AI and cloud computing [5][11]. Group 3: Trading and Liquidity - The Hong Kong Internet ETF has an average daily trading volume exceeding 600 million yuan, supporting T+0 trading and offering good liquidity without QDII quota restrictions [11]. - For investors looking to reduce volatility while still focusing on technology, the Hong Kong Large Cap 30 ETF (520560) is recommended, combining high-growth tech stocks with stable dividend-paying companies [12]. Group 4: Historical Performance - The CSI Hong Kong Internet Index has shown significant fluctuations over the past five years, with annual returns of 109.31% in 2020, -36.61% in 2021, -23.01% in 2022, -24.74% in 2023, and a projected 23.04% in 2024 [6][12].