港股互联网ETF国泰（513720）盘中上涨1%，港股互联网持续增长

Core Viewpoint - The competition landscape in the Hong Kong internet sector is stabilizing, with companies shifting their strategic focus from aggressive expansion to pursuing profits and cash flow [1] Group 1: Industry Overview - Current industry valuations are at historical lows, with market sentiment primarily suppressed by macro liquidity expectations and geopolitical factors, rather than fundamental deterioration [1] - Looking ahead, the sector is expected to experience valuation recovery due to the unfolding of the Federal Reserve's interest rate cut cycle and a mild recovery in the domestic economy [1] - The application of new technologies such as artificial intelligence is anticipated to open new growth trajectories in the long term, although short-term commercial contributions are limited [1] - The industry has entered a new phase of high-quality and sustainable development [1] Group 2: Index and ETF Information - The Hong Kong internet ETF, managed by Guotai Junan (513720), tracks the Hong Kong internet index (931637), which selects listed companies involved in internet software development, home entertainment software, and internet retail and services [1] - This index reflects the overall performance of internet-related listed companies within the Hong Kong Stock Connect and focuses on the development trend of "soft technology," covering diverse business areas related to the internet [1]