阿里加大投入，打造淘宝闪购市场份额第一！港股科技ETF天弘（159128）近20日累计“吸金”超5.4亿元

Group 1 - The Hong Kong stock market experienced a pullback on January 8, with overall declines in technology stocks, although some semiconductor-related stocks showed active performance, with companies like Kingsoft Biotech, Hua Hong Semiconductor, and SMIC experiencing slight increases [1] - The Hong Kong Technology ETF Tianhong (159128) had a premium trading rate of 0.20%, with frequent premium trading observed during the day. Notably, this ETF has seen a net inflow of funds in four out of the last five trading days, accumulating over 37 million HKD, and over 540 million HKD in the last 20 days [1] - The Tianhong ETF closely tracks the Hong Kong Stock Connect Technology Index, with its constituent stocks being eligible under the Shanghai-Hong Kong Stock Connect, allowing for T+0 trading. The index's top ten constituent stocks include major internet technology leaders such as Tencent, Alibaba, Xiaomi, and Meituan [1] Group 2 - According to a report from Industrial Securities, the profitability and liquidity of the Hong Kong stock market are expected to drive market performance in 2026, with risk preferences likely to exhibit a pattern of "initial rise, then fall, and rise again" [2] - A report from浦银国际 on January 6 highlighted that Hong Kong technology stocks offer high value for money, focusing on structural opportunities. The forward P/E ratios for the Shanghai Composite Index and the Hang Seng Index are currently 13.8 times and 11.6 times, respectively, which are within 1.9 and 1.1 standard deviations of their past five-year averages, while the Hang Seng Technology Index remains undervalued compared to its historical average, indicating significant allocation value [2]