香港互联网ETF（513720）盘中涨超1%，新经济行业迎来价值重估机遇

Group 1 - The core viewpoint of the article highlights that the Hong Kong internet ETF (513720) has seen a rise of over 1% amid a value reassessment opportunity in the new economy sector, driven by a backdrop of interest rate cuts by the Federal Reserve [1] - CITIC Securities points out that with the easing liquidity in the Hong Kong stock market, there is an upward elasticity in the non-bank sector, indicating a recovery in the market since January [1] - As of January 23, the overall market capitalization of Hong Kong stocks reached HKD 50.23 trillion, reflecting a 6% increase compared to the end of December 2025 [1] Group 2 - The average daily trading (ADT) volume in the Hong Kong stock market has increased to HKD 262.87 billion, marking a 41.32% month-on-month growth, with southbound capital ADT rising by 45.24%, accounting for 23.1% of the total [1] - The performance of Hong Kong stocks in 2025 has been impressive, with continuous valuation recovery influenced by improved macroeconomic fundamentals, policy benefits, domestic industrial upgrades, and global liquidity improvements [1] - The Hong Kong internet ETF (513720) tracks the Hong Kong Stock Connect Internet Index (931637), which selects listed companies involved in internet-related businesses to reflect the overall performance of internet-themed stocks within the Stock Connect [1]