Core Viewpoint - Hong Kong's technology stocks are experiencing a strong performance, supported by market confidence recovery and positive industry trends [1] Group 1: Market Performance - The overall Hong Kong stock market has shown limited pullback pressure, allowing for a recovery in market confidence [1] - The Hong Kong technology sector has seen a significant weekly increase, driven by the performance of internet platforms [1] Group 2: Investment Opportunities - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects securities from technology-related industries [1] - The index focuses on the top 30 companies by market capitalization in the TMT and internet sectors, reflecting the overall performance of technology stocks in the Hong Kong market [1] Group 3: Fund Options - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Link A (015739) [1]

Group 1 - The Hong Kong stock market is expected to continue its structural rise in the short term, supported by the progress of the US-China summit and the recovery of sentiment in the A-share market [1] - The technology sector in Hong Kong is highlighted as a promising area due to improving AI demand and a favorable liquidity environment, including a 25 basis point rate cut by the Federal Reserve [1] - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects securities from technology-related industries, focusing on the top 30 companies by market capitalization [1] Group 2 - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Initiated Link A (015739) [1]

Group 1 - The Hong Kong Technology ETF (513020) has surpassed a scale of 4 billion yuan, with a year-to-date increase of over 55% and a net inflow of nearly 350 million yuan over the past 10 days, indicating strong demand for Hong Kong tech assets [1] - Huatai Securities noted positive developments in US-China relations and a stable domestic economic environment, with a relatively optimistic tone set during a recent call between the two countries' leaders [1] - The focus of technology companies has shifted back to growth, with significant increases in capital expenditure and R&D spending reflecting a return to innovation, which may enhance the valuation of tech firms and drive revenue growth in upstream sectors like computing power and cloud services [1] Group 2 - The Hong Kong stock market has gathered a number of core Chinese technology assets, referred to as the "Eastern Silicon Valley," with the Hong Kong Technology ETF (513020) representing a balanced investment value across various sectors including internet, new energy vehicles, chips, biomedicine, and innovative drugs [2] - Since 2018, the Hong Kong Technology Index has consistently outperformed the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index, suggesting ongoing investment opportunities in the Hong Kong Technology ETF (513020) [2] - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) for exposure to this sector [2]

Group 1 - The Hong Kong stock technology ETF (513020) has seen a rise of over 1% in intraday trading, with a net inflow of over 320 million yuan in the past 10 days [1] - The Federal Reserve has lowered the federal funds rate by 25 basis points to a range of 4% to 4.25% during the September FOMC meeting, indicating a strong possibility of further rate cuts in October [1] - Historical data shows that non-recessionary rate cuts have led to a strengthening of the Hang Seng Index, while recessionary cuts have typically resulted in a decline followed by recovery [1] Group 2 - The Hong Kong stock technology sector is home to key Chinese technology assets, often referred to as the "Eastern Silicon Valley" [2] - The underlying index of the Hong Kong stock technology ETF (513020) includes a balanced distribution across various industries such as internet, new energy vehicles, chips, biomedicine, and innovative drugs [2] - Since 2018, the Hong Kong Stock Connect Technology Index has consistently outperformed the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index, suggesting ongoing investment opportunities in the Hong Kong stock technology ETF [2]

Core Viewpoint - The Hong Kong stock market has shown strong performance since September, driven by improvements in both internal and external liquidity, with expectations of interest rate cuts by the Federal Reserve boosting market sentiment [1] Group 1: Market Performance - The weak U.S. employment data and moderate inflation have led to increased expectations for Federal Reserve rate cuts, resulting in a decline in the U.S. dollar index and U.S. Treasury yields [1] - The Hong Kong dollar exchange rate has stabilized, and HIBOR rates have decreased, contributing to a favorable market environment [1] Group 2: Sector Focus - The end of the mid-year earnings season has alleviated concerns regarding internet sector leaders, allowing for a more positive outlook [1] - The technology sector is recommended for short-term investment, particularly in the context of AI narratives and the exhaustion of short-term negative factors [1] Group 3: Investment Products - The Hong Kong Stock Connect Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range [1] - This index covers multiple sub-sectors, including Internet, biomedicine, and new energy vehicles, reflecting the overall performance of core technology enterprises in the Hong Kong market [1] - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [1]

Group 1 - The expectation of interest rate cuts by the Federal Reserve is increasing, leading to a more accommodative external environment, which supports the outlook for the Hong Kong stock market to strengthen [1] - The solid fundamentals of the constituent stocks in the Hong Kong market also support the potential for further upward movement [1] - The Hong Kong stock market has a higher proportion of growth stocks, particularly in technology and pharmaceuticals, compared to the A-share market, providing a structural advantage [1] Group 2 - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which is compiled by China Securities Index Co., Ltd., selecting no more than 50 quality companies from the technology sector listed within the Stock Connect [1] - The index covers multiple sub-sectors including Internet, biomedicine, and new energy vehicles, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - Companies in this index not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] Group 3 - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [1]

Group 1 - The Hong Kong stock market is expected to continue its structural upward trend supported by the Federal Reserve's interest rate cut expectations and the ongoing recovery of A-share sentiment, with technology and consumer sectors being the most promising directions [1] - The recent improvement in liquidity in the Hong Kong stock market is attributed to the significantly lower-than-expected U.S. non-farm payroll data, which has led to a sharp decline in U.S. Treasury yields [1] - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range, covering areas such as internet, biomedicine, and new energy vehicles [1] Group 2 - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [2]

Group 1 - The expectation of interest rate cuts by the Federal Reserve is increasing, leading to a more accommodative external environment, which supports the bullish outlook for the Hong Kong stock market [1] - The strong fundamentals of the constituent stocks in the Hong Kong market further bolster the potential for upward movement [1] - The Hong Kong stock market has a higher proportion of growth stocks, particularly in technology and pharmaceuticals, compared to the A-share market, providing a structural advantage [1] Group 2 - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which is compiled by China Securities Index Co., Ltd., selecting up to 50 quality companies from the technology sector listed under the Stock Connect [1] - The index covers multiple sub-sectors including Internet, biomedicine, and new energy vehicles, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - Companies in this index not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1]

Group 1 - The core viewpoint indicates that with the increasing expectation of interest rate cuts by the Federal Reserve and a more accommodative external environment, the Hong Kong stock market is expected to strengthen in the future [1] - Recent performance shows that the Hong Kong stock market has lagged behind the A-share market, but the overall valuation of the Hang Seng Index and the Hang Seng Technology Index is more reasonable [1] - The solid fundamentals of the constituent stocks in the Hong Kong market support the continued upward movement of the market [1] Group 2 - The industry distribution in the Hong Kong stock market shows a higher proportion of growth stocks in technology and pharmaceuticals, providing a structural advantage over the A-share market [1] - The improving sentiment in AI internet and innovative pharmaceuticals suggests that the Hong Kong stock market may catch up in trading, with further room for valuation increases [1] - The Hong Kong Technology ETF (code: 513020) tracks the Hong Kong Stock Connect Technology Index (code: 931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range [1] Group 3 - The index covers multiple sub-sectors including Internet, biomedicine, new energy vehicles, and chips, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - These companies not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Link A (015739) [1]

Group 1 - The core viewpoint indicates that with the increasing expectation of interest rate cuts by the Federal Reserve and a more accommodative external environment, the Hong Kong stock market is expected to strengthen in the future [1] - Recent performance shows that the Hong Kong stock market has lagged behind the A-share market, but the overall valuation of the Hang Seng Index and the Hang Seng Technology Index is more reasonable [1] - The solid fundamentals of the constituent stocks in the Hong Kong market support the continued upward movement of the market [1] Group 2 - The industry distribution in the Hong Kong stock market shows a higher proportion of growth stocks in technology and pharmaceuticals, providing a structural advantage over the A-share market [1] - The improving sentiment in AI internet and innovative pharmaceuticals suggests that the Hong Kong stock market may catch up in trading, with further room for valuation increases [1] - The Hong Kong Technology ETF (code: 513020) tracks the Hong Kong Stock Connect Technology Index (code: 931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range [1] Group 3 - The index covers multiple sub-sectors including Internet, biomedicine, new energy vehicles, and chips, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - These companies not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Initiated Link A (015739) [1]