Core Viewpoint - The Hong Kong stock market is experiencing overall liquidity easing, with increased passive foreign capital inflow, supporting the technology sector's fundamentals and long-term narratives related to AI [1] Group 1: Market Overview - The Hong Kong stock market is characterized by overall loose liquidity, which is expected to support the technology sector [1] - There is a notable increase in passive foreign capital inflow into the market [1] Group 2: Sector Insights - The internet sector, particularly those with strong fundamentals and long-term AI narratives, is viewed positively for investment [1] - The gaming industry presents opportunities for investment after recent pullbacks, with limited actual impact from tax deductions on advertising expenses for listed companies [1] - The media sector is highlighted for its AI applications and cultural confidence stemming from content output, with optimism surrounding the explosion of China's open-source large models and the reshaping of public cloud value [1] - The film industry is expected to see an upward trend driven by key single releases, with rapid advancements in AI short dramas [1] Group 3: ETF and Index Information - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects listed companies involved in software, hardware, and IT services to reflect the performance of high-growth and innovative tech firms in the Hong Kong market [1] - The index has strict selection criteria focusing on quality technology sector targets, aiming to capture long-term development trends in this field [1]