Jin Rong Jie·2026-03-06 05:41Core Viewpoint - The Hong Kong stock market has experienced a strong rebound, particularly in the internet sector, with major companies like Alibaba, Xiaomi, Meituan, and Tencent all seeing gains of over 3% [1] Group 1: Market Performance - The Hong Kong internet ETF (513770) has shown a recovery, rising by 2.49% and reclaiming the 5-day moving average [1] - The current price-to-earnings (PE) ratio for the internet sector is 20.74, significantly lower than the NASDAQ 100's 32.85 and the ChiNext Index's 41.52 [3] - The market has seen substantial buying activity, boosting confidence after a five-month adjustment period [3] Group 2: Company Earnings - Recent earnings reports from internet companies have alleviated concerns about increasing losses, confirming the positive impact of AI as a "second growth curve" [3] - Bilibili is projected to achieve its first annual profit in 2025, with an adjusted net profit of 2.59 billion [3] - JD Health is expected to see revenue and net profit growth of 26.3% and 29.16% year-on-year, respectively, by 2025 [3] Group 3: Investment Outlook - The technology sector is identified as a long-term investment focus for Hong Kong stocks, with the recent pullback creating buying opportunities [3] - The rise of AI capabilities in China is anticipated to enhance market confidence [3] - Investors are encouraged to monitor developments in large model applications and trends in overseas liquidity [3] Group 4: ETF Information - The Hong Kong internet ETF (513770) and its linked funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Internet Index, with top holdings including Alibaba, Tencent, Xiaomi, Kuaishou, and Bilibili, collectively accounting for over 76% [3] - For those looking to reduce volatility while investing in technology, the Hong Kong Large Cap 30 ETF (520560) is recommended, featuring a mix of high-growth tech stocks and stable dividend-paying companies [5]