Group 1 - The Hang Seng Consumption Index (HSCGSI) has seen a strong increase of 1.25%, with notable gains from constituent stocks such as Shenzhou International (02313) up 7.16%, Haier Smart Home (06690) up 6.38%, and Zhenjiu Lidu (06979) up 5.97% [1] - The Hang Seng Consumption ETF (513970) rose by 0.58%, with intraday gains reaching nearly 3%, indicating active market trading with a turnover of 14.68% and a transaction volume of 294 million [1] - The new consumption concept has been gaining traction this year, with a report from Huafu Securities highlighting increased consumer preference for "relatively high premium + lower unit price" products, driving the popularity of small collectible toys, pet games, and gold jewelry [1] Group 2 - The Hang Seng Consumption ETF (513970) tracks the Hang Seng Consumption Index, which shows significant structural differences from A-share consumption, encompassing both traditional and emerging consumption leaders like Pop Mart, Lao Pu Gold, Miniso, and others [2] - As of the latest data, Pop Mart (09992) is the largest constituent stock of the Hang Seng Consumption Index, accounting for 12.80% of the index weight, with the top ten stocks collectively representing 62.32% [2] - The Hang Seng Consumption ETF (513970) allows T+0 trading, providing an investment avenue for those without a Hong Kong stock account, and there are also external linked funds available to facilitate investment in the Hong Kong consumption sector [2]

Core Viewpoint - The Hong Kong stock market is gradually stabilizing and rebounding as the impact of tariffs diminishes, with significant gains in major indices, particularly in technology and consumer sectors [1][2]. Group 1: Market Performance - As of April 23, the Hang Seng Technology Index rose by 2.84%, the Hang Seng Index by 2.11%, and the Hang Seng China Enterprises Index by 1.83% [1]. - Since March 20, the Hong Kong stock market has experienced continuous adjustments, but has begun to recover due to interventions from state-owned enterprises [2]. Group 2: Investment Opportunities - The Hong Kong stock market is seeing a growing proportion of technology and new consumer companies, which are expected to account for 54.5% of the total market capitalization by the end of 2024 [2]. - ETFs focusing on technology, consumption, and innovative pharmaceuticals are becoming popular among investors, providing efficient access to these sectors [1][3]. Group 3: Specific ETF Products - The Hong Kong Technology 50 ETF (513980) targets large-cap technology leaders with high R&D investment and revenue growth, including companies like Meituan and Tencent [2]. - The Hang Seng Consumption ETF (513970) focuses on essential and discretionary consumer goods, excluding alcohol and internet platforms, aiming to capture opportunities in consumer recovery [3]. - The Hong Kong Innovative Drug 50 ETF (513780) tracks leading companies in the innovative pharmaceutical sector, which is relatively scarce compared to the A-share market [3].