券商研究方面，开源证券指出夸克AI眼镜等AI端侧应用实践，或将重塑端侧AI交互模式，助力AI应用 加速落地，有望持续拉动端侧AI需求。此外，东吴证券表示，当前AI发展进程主要依赖大模型驱动全 球加速演进，中美作为AI产业的头部集中区域，企业均在加码布局基础设施和硬件建设，全球AI产业 规模将快速突破，AI有望引领全球创新产业共振。 恒生科技ETF鹏华紧密跟踪恒生科技指数，恒生科技指数代表经筛选后最大30间与科技主题高度相关的 香港上市公司。 截至2025年12月2日 10:37，恒生科技指数(HSTECH)上涨0.43%，成分股比亚迪股份(01211)上涨3.52%， 阿里巴巴-W(09988)上涨2.39%，快手-W(01024)上涨2.27%，小米集团-W(01810)上涨2.23%，网易- S(09999)上涨1.89%。恒生科技ETF鹏华(520590)上涨0.40%，最新价报1.02元。 消息面上，AI端侧应用发展，大模型也迎来新进展。11 月 27 日，阿里正式发布夸克AI眼镜，包含S1和 G1两个系列六款产品。该自研AI眼镜均搭载阿里最新的千问AI助手，眼镜深度融合了阿里旗下应用生 态，并计划在 ...

Group 1 - The Hang Seng Tech Index (HSTECH) has seen significant gains in its constituent stocks, with notable increases in companies such as Tongcheng Travel (up 6.11%), Sunny Optical Technology (up 5.04%), JD Health (up 3.44%), Alibaba-W (up 3.10%), and BYD Electronics (up 2.29%) [1] - The Hang Seng Tech ETF Penghua (520590) has increased by 0.30%, with the latest price reported at 1.01 yuan [1] - Doubao Mobile Assistant has released a technical preview version, marking a collaboration between Doubao and mobile manufacturers at the operating system level, which is expected to be a significant advancement in mobile AI assistants [1] Group 2 - Despite the continuous rise in the Hong Kong stock market, Everbright Securities notes that overall valuations remain low, indicating a high long-term cost-performance ratio for investments [2] - The ongoing development of the AI industry and the potential interest rate cut by the Federal Reserve in December may lead to further upward movement in the Hong Kong stock market [2] - The top ten weighted stocks in the Hang Seng Tech Index as of November 28, 2025, include Alibaba-W, Tencent Holdings, Meituan-W, SMIC, NetEase-S, BYD Company, Xiaomi Group-W, JD Group-SW, Kuaishou-W, and Trip.com Group-S, collectively accounting for 69.51% of the index [2]