国产大模型调用量首超美国，恒生科技ETF（513130）交投踊跃

Core Insights - Recent breakthroughs in domestic large models have instilled confidence in the capital market, with Chinese models surpassing U.S. models in token usage for the first time [1][4] - The weekly token usage of Chinese models reached 5.16 trillion, marking a 127% increase over three weeks, indicating a rapid market share capture [1][4] - The Hang Seng Technology Index has seen a rebound, with its latest P/E ratio at 21.09, reflecting a low historical percentile, providing a window for capital allocation [1][4] Industry Overview - The Hang Seng Technology ETF (513130) closely tracks the Hang Seng Technology Index, focusing on the AI industry, including AI computing power, models, and applications [2][5] - The ETF has a significant scale of 490.86 billion, with an average daily trading volume exceeding 53 billion, making it a prominent tool for investors in the Hong Kong tech sector [2][5] - The ongoing integration of large models and increasing AI penetration across industries are expected to drive the commercialization of AI, presenting a revaluation opportunity for leading tech companies [2][5] Fund Management - The fund manager of the Hang Seng Technology ETF, Huatai-PB Fund, is one of the first ETF managers in China, focusing on providing transparent, convenient, and low-cost index products [3][6] - The management fee for the ETF is 0.2% per year, while the management fees for other popular ETFs under Huatai-PB are among the lowest in the market [3][6]