Xin Lang Cai Jing·2026-01-11 11:34Market Overview - On January 9, the Hong Kong stock market saw the Hang Seng Index and the Hang Seng Tech Index rise by 0.32% and 0.15% respectively, with the internet sector leading the gains [1] - The Hong Kong Internet ETF (513770) experienced a price increase of over 2% during the day, closing up 1.69% [1][9] - Notable performers in the AI application sector included Kuaishou-W and Bilibili-W, both rising over 3%, while Alibaba-W increased by 2.73% [1][9] Fund Inflows - The Hong Kong Internet ETF (513770) showed continuous premium throughout the day, indicating strong buying interest, with a net inflow of 566 million yuan over four consecutive days [2][9] AI Sector Insights - MiniMax, an AI model company, saw its stock price surge by 109% on its debut, igniting investor enthusiasm for AI applications [10] - Analysts from Huaxin Securities predict that 2026 will be a "golden year" for AI applications, driven by technological maturity, supportive policies, and market demand [11] - According to Founder Securities, the investment cycle in the tech industry follows a pattern of "hard three years, soft three years, and three years of business model development," with major internet companies competing to create entry-level AI applications [11] Performance of Key Stocks - The top-performing stocks in the internet sector included: - Huoliang Technology (1860) with a rise of 13.21% - Yimaitong (2192) up by 10.33% - Fourth Paradigm (6682) increasing by 7.44% - Meitu (1357) up by 6.87% [2][9] ETF Composition - The Hong Kong Internet ETF tracks the CSI Hong Kong Internet Index, with major holdings including Alibaba-W, Tencent Holdings, Xiaomi Group-W, Kuaishou-W, and Bilibili-W, which collectively account for over 78% of the fund [5][12]