SMIC(SH:688981) Xin Lang Cai Jing·2026-01-14 06:16Group 1 - The Hang Seng Technology Index rose over 1% on January 14, 2026, with notable gains from Alibaba Health (up over 10%), Hua Hong Semiconductor, and Kuaishou (both up over 5%) [1] - Citigroup raised the target for the Hong Kong stock market benchmark index, expecting export growth and government support to improve corporate profit outlook, adjusting the Hang Seng Index year-end target from 28,800 points to 30,000 points [1] - The listings of Zhipu and MiniMax on the Hong Kong Stock Exchange signify a revaluation of AI companies, potentially shifting the industry focus from "parameter competition" to profitability and commercialization efficiency [1] Group 2 - The AI industry is experiencing continuous catalysis, with significant commercial development potential, particularly in generative search (GEO) applications [2] - Southbound capital has been increasing in the Hong Kong stock market, with a net inflow of 41.296 billion HKD since the beginning of 2026, driven by expectations of overseas liquidity easing and improved profit forecasts [2] - The Hong Kong technology sector is expected to recover, influenced by a rebound in risk appetite due to factors like the Federal Reserve's easing pressure [2] Group 3 - As of January 14, 2026, the Hong Kong Stock Connect Technology ETF (159262) rose by 2.31%, with the top ten weighted stocks accounting for 78.45% of the ETF [3] - The latest scale of the Hong Kong Stock Connect Technology ETF reached 10.502 billion HKD, a record high since its inception, with a significant increase in shares over the past week [3] - The ETF closely tracks the Hang Seng Stock Connect Technology Index, focusing on TMT industries and excluding sectors like pharmaceuticals and automobiles, with major weights in leading AI companies [3]