Group 1 - The core viewpoint of the article highlights a collective rebound in the Hong Kong stock market, particularly in the technology sector, driven by significant capital inflows into the Hang Seng Technology ETF [1][2] - As of October 23, 2025, the Hang Seng Technology ETF has attracted a total of 2.321 billion yuan in capital since October 9, leading to a total share count exceeding 51 billion, marking a 55% increase year-to-date [1][2] - The recent Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasized "high-level technological self-reliance," which is expected to provide positive momentum for the long-term development of the Hong Kong technology sector [1] Group 2 - The Hang Seng Technology Index, closely tracked by the Hang Seng Technology ETF, includes 30 strong R&D companies in the Hong Kong market across various tech sectors, with the top five constituents being Alibaba, SMIC, Tencent, NetEase, and Meituan as of October 23, 2025 [2] - The current price-to-earnings (P/E) ratio of the Hang Seng Technology Index is 22.99, which is considered attractive compared to major tech indices in A-shares and U.S. markets, with the STAR 50 Index at 175.72 and the Nasdaq at 42.60 [2] - The upcoming Federal Reserve meeting on October 28-29, 2025, is anticipated to influence foreign capital flows into the Hong Kong technology sector, which is sensitive to interest rate changes and currently has lower valuations [2] Group 3 - The Hang Seng Technology ETF is characterized by its large scale, superior liquidity, T+0 trading support, and low fees, making it an important tool for investors looking to allocate to core technology assets in Hong Kong [2] - The fund manager, Huatai-PB Fund, is one of the first ETF managers in China, with extensive experience in managing various successful ETFs, including the top A-share market ETF, the CSI 300 ETF [2][3] - Historical performance of the Hang Seng Technology ETF shows returns of -30.24%, -21.43%, -8.89%, 21.13%, and 16.37% for the years 2021 to 2025 (up to mid-year), indicating a recovery trend in recent years [3]