Core Viewpoint - The Hong Kong stock market, particularly the technology sector, is experiencing fluctuations influenced by the decline of Kuaishou, but there is a counter-trend investment as evidenced by the net subscription of 1 million units in the Hong Kong Technology ETF (159751) [1] Group 1: Market Performance - The Hong Kong Technology ETF (159751) saw a net subscription of 1 million units amid market adjustments [1] - As of December 23, 2025, the constituents of the CSI Hong Kong Stock Connect Technology Index (931573) showed mixed performance, with SenseTime-W (00020) leading with a 2.94% increase, while Kuaishou-W (01024) was the biggest loser [1] Group 2: Future Outlook - China Galaxy Securities suggests that with the easing expectations from the People's Bank of China and the Federal Reserve, external risks are diminishing, indicating a potential upward trend for the Hong Kong stock market [1] - The technology sector is viewed as a long-term investment focus, with valuations having corrected and expected to rebound due to multiple favorable factors [1] - The consumer sector is anticipated to receive significant policy support, with current valuations at relatively low levels, indicating substantial medium to long-term upside potential [1] Group 3: Index Composition - The CSI Hong Kong Stock Connect Technology Index (931573) includes 50 large-cap technology companies with high R&D investment and revenue growth, reflecting the overall performance of technology leaders in the Hong Kong Stock Connect [2] - The top ten weighted stocks in the index account for 67.26% of the total, including Alibaba-W (09988), Tencent Holdings (00700), and others [2]

12月12日，港股通科技ETF东财（520530）涨1.53%，成交额1623.93万元。当日份额减少100.00万份， 最新份额为2.61亿份。最新资产净值计算值为2.60亿元。 港股通科技ETF东财（520530）业绩比较基准为中证港股通科技指数收益率，管理人为东财基金管理有 限公司，基金经理为赵肖萌、吴逸，成立（2025-11-18）以来回报为-0.22%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 ...

Core Points - The Hong Kong Stock Connect Technology 30 ETF (159636) increased by 1.73% with a trading volume of 665 million yuan on November 13 [1] - The fund's shares decreased by 94 million, bringing the total shares to 26.347 billion, with an increase of 408 million shares over the last 20 trading days [1] - The latest net asset value is calculated at 38.63 billion yuan [1] - The performance benchmark for the ETF is the adjusted return of the Guotai Hong Kong Stock Connect Technology Index [1] - The fund is managed by ICBC Credit Suisse Asset Management Company, with fund managers Zhao Xu and Liu Weilin [1] - Since its inception on June 30, 2022, the fund has returned 46.62%, while the return over the past month is -2.45% [1]

Core Viewpoint - The Hong Kong Stock Connect Technology 30 ETF (520980) experienced a decline of 0.93% on November 11, with a trading volume of 468 million yuan [1] Fund Performance - The ETF's share increased by 3 million shares on the same day, bringing the total shares to 4.448 billion, with a total increase of 29.5 million shares over the last 20 trading days [1] - The latest net asset value of the ETF is calculated at 5.231 billion yuan [1] - The performance benchmark for the ETF is the Hang Seng Stock Connect China Technology Index return (adjusted for valuation exchange rates) [1] - The fund is managed by E Fund Management Co., Ltd., with the fund manager being Le Wuqiong [1] - Since its establishment on June 18, 2025, the ETF has returned 17.60%, while the return over the past month is -7.80% [1]

Group 1 - The Hong Kong Stock Connect Technology ETF, managed by Dongcai Fund, will be launched for subscription from October 29, 2025, to November 11, 2025, with a fundraising cap of 2 billion yuan [1] - The fund's trading name will be "Hong Kong Tech ETF," and it will be managed by fund manager Wu Yi [1] - The performance benchmark for the fund is the return rate of the CSI Hong Kong Stock Connect Technology Index [1]

Core Viewpoint - The Hong Kong Stock Connect Technology 30 ETF (159636) has shown a positive performance with a 1.92% increase in value, reflecting strong investor interest and market activity [1] Group 1: Fund Performance - The ETF's trading volume reached 879 million yuan on the reported day [1] - The fund's total shares increased by 1 million, bringing the total to 26.003 billion shares, with a significant increase of 1.938 billion shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 38.131 billion yuan [1] Group 2: Benchmark and Management - The performance benchmark for the ETF is the adjusted return of the Guotai Junan Hong Kong Stock Connect Technology Index [1] - The fund is managed by ICBC Credit Suisse Asset Management Company, with fund managers Zhao Xu and Liu Weilin [1] - Since its inception on June 30, 2022, the fund has achieved a return of 53.96%, while the return over the past month has been -5.07% [1]

Group 1 - The Guolianan Hong Kong Stock Connect Technology ETF (159120) will be launched for subscription from October 15 to October 22, 2025, with a maximum initial fundraising scale of 2 billion yuan [1] - The fund will be referred to as the Hong Kong Technology 30 ETF in the market, managed by Guolianan Fund, with fund managers Zhang Zhenyuan, Huang Xin, and Chu Leyan [1] - The performance benchmark for the fund is the return rate of the Hang Seng Hong Kong Stock Connect Technology Theme Index during the same period, calculated using the valuation exchange rate [1]

Group 1 - The core point of the article is the launch of the招商国证港股通科技ETF (159125), which will be available for subscription from October 13 to October 21, 2025, with a cash fundraising cap of 2 billion yuan [1] - The fund will be managed by 招商基金, with fund managers 侯昊 and 房俊 overseeing its operations [1] - The performance benchmark for the fund is the 国证港股通科技指数收益率, adjusted for exchange rates [1]

Group 1 - The public fund issuance market is experiencing a significant increase, with 143 new funds established since September 1, focusing primarily on equity funds, particularly in technology and Hong Kong stocks [1][2] - Over 70% of the newly established funds in September are equity funds, with 101 equity funds launched, indicating strong confidence from institutional and individual investors in the equity market [1][3] - Several newly established funds have shown a "subscription heat" characteristic, with notable examples including the招商均衡优选混合A fund, which had a subscription confirmation ratio of 56.67% and nearly reached its 50 billion yuan fundraising cap [1] Group 2 - More than 40 new funds focus on the technology sector, covering areas such as AI, robotics, and the Sci-Tech Innovation Board, while 13 funds target Hong Kong stocks, reflecting a strong alignment with industry development trends [2] - Investment logic highlights three key opportunities: companies with decoupled architecture and high-bandwidth interconnects benefiting from AI inference demand, suppliers of high-end PCB and cooling components, and solution providers in healthcare, finance, and manufacturing sectors [2] - The recent surge in fund issuance is attributed to a combination of market recovery and industry opportunities, with increased investor confidence and a willingness to invest in equity markets through funds [3]

Core Viewpoint - The Hong Kong stock market has experienced a significant rebound over the past year, particularly in the technology sector, with notable index performances [1][4]. Group 1: Index Performance - The Shanghai Composite Index increased by 42.77%, while the Hang Seng Technology Index rose by 73.68%, and the Hang Seng Hong Kong Stock Connect Technology Theme Index surged by 109.25% [1][4]. - Investors are eager to invest in Hong Kong technology through index products, but there are many similar-sounding indices with varying performances [4]. Group 2: Index Compilation - Differences in index compilation methodologies lead to varying characteristics among the indices. Most indices consist of 30 constituent stocks, except for the CSI Hong Kong Stock Connect Technology Index, which has 50 [5][6]. - The Hang Seng Hong Kong Stock Connect Technology Theme Index and the National Index have a higher individual stock weight limit of 15%, resulting in greater concentration of leading stocks [5][6]. Group 3: Industry Distribution - The Hang Seng Hong Kong Stock Connect Technology Theme Index excludes industries such as pharmaceuticals, automobiles, and home appliances, focusing more on pure technology sectors [5][7]. - The CSI and National indices include a broader range of industries, which affects the "purity" of the technology focus [5][9]. Group 4: Historical Performance - Over the past year, the Hang Seng Hong Kong Stock Connect Technology Theme Index achieved the highest increase of 109%, confirming that higher purity leads to better performance [12][15]. - Over three years, the Hang Seng Hong Kong Stock Connect Technology Theme Index has shown a cumulative increase of over 92%, with an annualized return of nearly 25% [15][16].