Jin Rong Jie·2026-01-06 03:19Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing strong momentum, with significant gains in various indices and the launch of a new ETF focused on the semiconductor industry [1][3]. Group 1: Market Performance - The Hang Seng Technology Index, Hong Kong Stock Connect Information Technology C, and Hong Kong Internet Index all rose by over 1% [1]. - The first ETF focusing on the "Hong Kong chip" industry chain, 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][2]. - Key stocks in the semiconductor sector, such as Hua Hong Semiconductor and SMIC, reached new highs, with Hua Hong Semiconductor increasing by nearly 7% and SMIC by over 3% [2][3]. Group 2: ETF Details - The Hong Kong Information Technology ETF (159131) tracks the "China Securities Hong Kong Stock Connect Information Technology Composite Index," which consists of 70% hardware and 30% software [3]. - The ETF includes 42 Hong Kong hard tech companies, with SMIC holding a weight of 20.48%, Xiaomi Group-W at 9.53%, and Hua Hong Semiconductor at 5.80% [3]. - The ETF excludes major internet companies like Alibaba, Tencent, and Meituan, allowing for a sharper focus on the AI hard tech market [3]. Group 3: Investment Outlook - According to Galaxy Securities, the trading activity in the Hong Kong stock market is expected to remain active due to multiple positive factors, with the technology sector being a long-term investment focus [3]. - The semiconductor industry is anticipated to benefit from price increases, mergers and acquisitions, and domestic substitution, contributing to an upward trend [3].