Group 1 - The Hang Seng Index rose by 0.7%, while the Hang Seng China Enterprises Index and the CSI Hong Kong Stock Connect China 100 Index both increased by 0.8% [1] - Positive factors such as progress in US-China negotiations and domestic policy initiatives may help mitigate short-term market pullbacks, potentially benefiting Hong Kong tech stocks [1] - The overall market sentiment suggests that the volatility in the short term does not alter the bullish outlook for Hong Kong stocks in the fourth quarter [1] Group 2 - The Hang Seng Index is composed of large-cap, actively traded stocks with strong industry representation, covering sectors such as finance, consumer discretionary, and information technology, which together account for nearly 80% of the index [3] - The Hang Seng China Enterprises Index includes 50 large-cap, actively traded stocks from mainland China listed in Hong Kong, with consumer discretionary, information technology, finance, and energy sectors making up about 85% of the index [3] - The CSI Hong Kong Stock Connect China 100 Index consists of 100 large-cap, actively traded mainland Chinese companies within the Stock Connect framework, with consumer discretionary, information technology, and finance sectors comprising nearly 75% of the index [3]

Group 1 - The core viewpoint of the article highlights a rebound in sectors such as new energy, communications, chips, and pharmaceuticals, with the Hong Kong tech ETF (513020) rising over 1.5% and experiencing net inflows for four consecutive days [1] - Domestic capital, represented by southbound funds, is accelerating its inflow into the Hong Kong stock market, with a record net inflow exceeding 410 billion yuan in the first quarter of 2025, marking a historical high [1] - As of August 15, 2025, the trading volume of southbound funds accounted for over 20% of the total trading volume on the Hong Kong Stock Exchange, significantly enhancing pricing power [1] Group 2 - According to Founder Securities, the current market phase indicates that the bull market in Hong Kong stocks is ongoing, and it is recommended to focus on undervalued stocks in the tech sector for potential rebound opportunities [1] - The continuous acceleration of capital inflow into the Hong Kong market, combined with expectations of interest rate cuts by the Federal Reserve by the end of the year, suggests a generally favorable liquidity environment that may further boost the Hong Kong stock market [1] - The Hong Kong tech ETF (513020) tracks the CSI Hong Kong Stock Connect Technology Index, which includes leading stocks in internet, chips, smart vehicles, and pharmaceuticals, featuring popular stocks such as Alibaba, Xiaomi, Tencent, Meituan, Lenovo, BYD, and SMIC, making it a quality target for capitalizing on the rebound in Hong Kong stocks [1]