Jin Rong Jie·2026-01-06 02:42Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing strong momentum, with significant gains in indices related to technology and the semiconductor industry, indicating a bullish outlook for the sector [1][3]. Group 1: Market Performance - The Hang Seng Technology Index, Hong Kong Stock Connect Information Technology C Index, and Hong Kong Internet Index all rose over 1% [1]. - The first ETF focused on the Hong Kong semiconductor industry, the Hong Kong Information Technology ETF (159131), saw a jump of 3.63% the previous day and continued to rise by 1.91% today, with a trading volume exceeding 12 million [1][3]. - Key stocks in the semiconductor sector, such as Huahong Semiconductor and SMIC, reached new highs, with Huahong Semiconductor increasing nearly 7% and SMIC rising over 3% [1][3]. Group 2: Investment Insights - The National Integrated Circuit Industry Investment Fund, referred to as the "National Big Fund," increased its stake in SMIC from 4.79% to 9.25%, acquiring over 357 million shares at an average price of 74.2 RMB per share, totaling approximately 26.515 billion RMB [3]. - Analysts from Galaxy Securities predict that the Hong Kong stock market's trading activity will remain high, with the technology sector expected to be a long-term investment focus due to factors like price increases in the industry, mergers and acquisitions, and domestic substitution [3]. - The Hong Kong Information Technology ETF is designed to track a composite index composed of 70% hardware and 30% software, focusing on semiconductor, electronics, and computer software sectors, with significant weights assigned to companies like SMIC (20.48%) and Xiaomi Group (9.53%) [3][4].