港股市场有望持续活跃，港股互联网ETF国泰（513720）涨超1.5%

Core Viewpoint - The Hong Kong stock market is expected to perform well in 2025 due to improved macroeconomic fundamentals, policy benefits, domestic industrial upgrades, and global liquidity improvements [1] Group 1: Market Outlook - The Hong Kong stock market is projected to maintain high activity levels in 2026 based on three main factors: a shift in the Federal Reserve's monetary policy providing liquidity support, continuous inflow of southbound funds, and the significant valuation advantage of Hong Kong stocks [1] - Southbound funds are expected to reach a record high in net purchases in 2025, with a substantial month-on-month increase in January 2026 [1] Group 2: Sector Analysis - New economy sectors such as technology and pharmaceuticals in the Hong Kong stock market are anticipated to experience a revaluation opportunity [1] - The Hang Seng Internet ETF (513720) tracks the Hong Kong Stock Connect Internet Index (931637), which includes listed companies involved in internet-related businesses, covering industries like media, retail, and consumer services [1]