超670亿！南向资金、ETF一周逆势涌入港股，机构解读：港股已具备较高配置性价比

Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing significant capital inflow despite global risk asset volatility, indicating a potential rebound in the sector's performance. Group 1: Capital Inflow - Southbound funds recorded a net inflow of 561 million HKD (approximately 498 million USD) last week, showing a marked increase compared to the previous week [2] - The total net inflow for technology-related ETFs linked to the Hong Kong stock market reached 173.59 million HKD last week, suggesting strong investor interest [4] - Overall, southbound funds and technology ETFs combined saw a net inflow exceeding 67 billion HKD [1] Group 2: Valuation and Performance - The price-to-earnings (P/E) ratio of the Hong Kong technology index tracked by the ETF is approximately 26 times, which is significantly lower than the A-share ChiNext index (around 42 times) and the US Nasdaq index (around 37 times) [5] - Since early 2017, the Hong Kong technology index has increased by 153.72%, outperforming the Hong Kong internet index (0.99%) and the Hang Seng Technology Index (45.74%) [6] - Analysts suggest that the current valuation levels in the Hong Kong market remain attractive, with a focus on sectors such as technology innovation and new productivity as key investment opportunities [6]