Core Insights - Hong Kong technology stocks are positioned to benefit directly from the Federal Reserve's interest rate cut cycle, which is occurring in a unique "benign easing" environment characterized by rising corporate profits and stable global economic growth [1] - A Morgan Stanley report indicates that foreign capital inflows into the Chinese stock market rebounded to $4.6 billion in September 2024, marking a nearly one-year high, closely linked to improved global liquidity expectations [1] - Institutions such as Fidelity International and Schroders maintain a positive outlook on Chinese technology stocks, believing that ample liquidity within the Chinese system will further drive capital allocation towards the technology growth sector [1] Industry Analysis - The current interest rate decline enhances the attractiveness of Hong Kong technology stocks due to their high growth potential and valuation elasticity, making them appealing to global capital [1] - The trend of global capital seeking diversified investment opportunities is expected to continue supporting incremental capital flows into Hong Kong technology stocks [1] Related ETFs - Focus on internet leaders: Hang Seng Internet ETF (513330) [2] - Coverage of the entire technology supply chain: Hong Kong Stock Connect Technology ETF Fund (159101) [2]