Core Insights - The Chinese semiconductor industry has shown strong performance in Q3, with total revenue reaching 439.2 billion yuan and net profit of 39.8 billion yuan, marking year-on-year growth of nearly 14% and approximately 53% respectively [1] - The "14th Five-Year Plan" emphasizes significant breakthroughs in key technologies across various sectors, including integrated circuits and artificial intelligence, which is expected to enhance the growth potential of China's chip industry [1] - The launch of the first ETF focusing on the Hong Kong chip industry chain is set to provide investors with new opportunities in the "hard technology" sector [1][2] Industry Performance - The total revenue of listed semiconductor companies in China for the first three quarters reached 439.2 billion yuan, with a net profit of 39.8 billion yuan, reflecting a robust growth trajectory [1] - The Hong Kong Information Technology ETF (159131) will track the CSI Hong Kong Stock Connect Information Technology Composite Index, which consists of 42 hard technology companies, predominantly in the semiconductor and electronics sectors [2][3] ETF Insights - The Hong Kong Information Technology ETF is the first to track the CSI Hong Kong Stock Connect Information Technology Composite Index, which is composed of 70% hardware and 30% software stocks [2] - The index has a high concentration of leading companies, with the top five stocks accounting for over 50% of the total weight, indicating a focus on capturing long-term growth opportunities in the technology sector [3] Market Trends - The Hong Kong Information Technology Composite Index has shown a cumulative increase of 89.60% from December 30, 2022, to October 31, 2025, outperforming other technology indices [4][6] - The index's annualized return stands at 25.71%, which is higher than that of other Hong Kong technology indices, while also exhibiting a smaller maximum drawdown [6][7]