Group 1 - The core viewpoint of the article highlights the increasing interest in Hong Kong stock thematic funds, particularly focusing on internet platform companies due to their strong business models, high returns, and global competitiveness [1][5] - Since October 9, over 20 Hong Kong thematic funds have been reported, with more than 60 funds reported since September, indicating a growing trend in public offerings targeting the Hong Kong market [1][2] - The recent thematic funds are increasingly focused on niche sectors, including software, semiconductors, and automotive industries, with a notable rise in actively managed equity funds [2][3] Group 2 - Over 270 billion yuan has flowed into Hong Kong stocks through ETFs this year, with a total net subscription of 277.09 billion yuan for Hong Kong thematic ETFs as of October 30 [3] - Major ETFs like the Fortune Hong Kong Internet ETF have seen significant net subscriptions, indicating strong investor interest and confidence in the sector [3] - The application of AI technology is viewed as a key growth driver for technology stocks, with a shift in consumer behavior towards new consumption trends driven by younger demographics [4][5]

- The report does not contain any specific quantitative models or factors for analysis[4][5][7] - The report primarily focuses on market performance, fund issuance, and fund performance metrics without detailing any quantitative models or factor construction methodologies[4][5][7] - No formulas, construction processes, or evaluations of quantitative models or factors are provided in the report[4][5][7]

- The report does not contain any specific quantitative models or factors related to construction, testing, or evaluation[4][5][7] - The report primarily focuses on market performance, fund issuance, and fund manager changes, without discussing quantitative models or factors[4][5][7] - No quantitative models or factors are mentioned in the context of the financial engineering section or other parts of the report[4][5][7]