内地投资者大幅抄底美团、小米、腾讯、阿里巴巴

Group 1 - Southbound funds recorded a net purchase of HKD 6.7 billion from February 24 to February 27, with leading stocks including Meituan-W, Xiaomi Group-W, Tencent Holdings, Alibaba-W, BYD Company, UBTECH, Zhaojin Mining, and SMIC [1] - Most of the aforementioned stocks are components of the Hang Seng Tech Index and the Hong Kong Stock Connect Tech Index, indicating a strong correlation with southbound fund inflows [1] - The Hang Seng Tech Index ETF (513180) and the Hong Kong Stock Connect Tech ETF (159101) have seen significant net subscriptions, with the latter experiencing a year-to-date share growth rate of 40% [1] Group 2 - The Hang Seng Tech Index has faced considerable external liquidity disturbances this year, and current positions reflect a high level of pessimistic expectations, with the RSI indicator indicating an oversold region and limited downside risk [2] - The upcoming March earnings disclosure period is identified as a critical observation point, as the market may reassess the valuation of Hong Kong tech giants towards a "tech growth" pricing model [2]