Group 1 - The Hong Kong stock market indices opened high, with the Hang Seng Tech Index rising over 1.5%, driven by strong performances from stocks like Sunny Optical Technology, Kuaishou, Baidu, Bilibili, BYD Electronics, and Xiaomi [1] - Southbound funds recorded a net purchase of HKD 12.067 billion, the largest single-day net inflow since May 6, with significant buys in Meituan, SMIC, Tencent, Kuaishou, Innovent Biologics, and Guotai Junan International [1] - CICC noted that the structural changes in Hong Kong's asset and funding landscape, moving away from a traditional industry and foreign institution dominance, could enhance trading activity and growth potential in the capital market sector [1] Group 2 - The valuation of the Hong Kong tech sector is currently at a relatively low level, with the Hang Seng Tech Index ETF's latest P/E ratio at 19.83, indicating it is below 92% of the time since the index's inception [2] - Positive sentiment and ample liquidity are setting a strong foundation for the next phase of growth in the Hong Kong tech sector, awaiting favorable catalysts to drive performance [2]