Core Viewpoint - The Hong Kong technology sector has shown signs of recovery after a period of volatility since late July 2023, with significant inflows into the Hang Seng Tech ETF (513130) leading to record high asset levels [1] Group 1: Market Performance - The Hang Seng Tech ETF (513130) attracted a net subscription of 899 million units on August 4, 2023, bringing its total scale to 30.636 billion, a historical high [1] - Over the past seven trading days (July 25 to August 4, 2023), the ETF has seen a total net inflow of 3.808 billion, making it the only ETF tracking the Hang Seng Tech Index with over 3 billion in net inflows during this period [1] - The average daily trading volume of the ETF reached 4.522 billion during this period, indicating strong liquidity [1] Group 2: Capital Inflows - Southbound capital net purchases exceeded 59 billion HKD in the week of July 28 to August 1, 2023, marking the highest weekly inflow since April 11, 2023 [1] - The technology sector in Hong Kong has seen significant capital accumulation, which is expected to provide solid momentum for future market performance [1] Group 3: Earnings Expectations - Mid-year earnings reports for Hong Kong stocks are expected to be released in mid to late August 2023, with upward revisions in profit expectations for sectors such as new energy vehicles, semiconductors, and consumer electronics [1] - The long-term investment value of the Hong Kong technology sector remains promising [1] Group 4: ETF Characteristics - The Hang Seng Tech ETF (513130) closely tracks the Hang Seng Tech Index, which includes 30 leading companies in the internet and technology manufacturing sectors [1] - As of August 4, 2023, the top five weighted stocks in the index include Tencent Holdings, NetEase, Xiaomi, Alibaba, and Kuaishou, all of which are key players in the industry [1] - The current price-to-earnings ratio of the Hang Seng Tech Index is 21.55, close to its historical average, indicating a potential value investment opportunity [1] Group 5: Trading Mechanism - The Hang Seng Tech ETF (513130) supports T+0 trading, providing both scale and liquidity advantages, making it a valuable tool for investors looking to capitalize on growth opportunities in Chinese technology leaders [1]

Group 1 - The core viewpoint of the article highlights the continued adjustment in the Hong Kong technology sector, yet there is sustained enthusiasm from investors, as evidenced by the significant trading volume and net inflows into the Hang Seng Tech ETF [1][2] - As of July 30, 2025, the Hang Seng Tech ETF (513130) recorded a trading volume of 5.68 billion yuan, with a week-on-week increase of 49.03%, and a net inflow of 604 million yuan on that day [1] - Over the past four trading days, the Hang Seng Tech ETF has seen a cumulative net inflow of 1.387 billion yuan, pushing its total shares to 39.029 billion, marking a historical high [1] Group 2 - The Hang Seng Tech ETF closely tracks the Hang Seng Tech Index, which includes 30 leading companies in the internet and technology manufacturing sectors in the Hong Kong market [2] - The top five weighted stocks in the Hang Seng Tech Index as of July 30, 2025, are Tencent Holdings, NetEase, Xiaomi Group, Alibaba, and Meituan, all of which are recognized leaders in their respective fields [2] - The current price-to-earnings ratio of the Hang Seng Tech Index is 21.71, which is within the historical range of 22.61% over the past five years, indicating a potential value investment opportunity [2] Group 3 - The latest scale of the Hang Seng Tech ETF is 28.378 billion yuan, with a total of 39.029 billion shares, and an average daily trading volume exceeding 4.885 billion yuan this year [2] - The ETF supports T+0 trading, providing liquidity advantages and making it a significant tool for investors looking to capitalize on the growth of Chinese technology leaders [2] - The management company, Huatai-PB Fund, is one of the first ETF managers in China, known for its successful track record in managing ETFs without errors for 18 years [2]

Group 1 - The overall Hong Kong stock market is under pressure due to a strong US dollar index, with the technology sector experiencing deeper adjustments, yet investor interest remains strong as evidenced by significant inflows into the Hang Seng Tech ETF [1] - The Hang Seng Tech ETF (513130) has seen a net inflow of 2.476 billion yuan over five consecutive trading days from July 25 to July 31, making it the only ETF tracking the Hang Seng Tech Index with cumulative net inflows exceeding 2.4 billion yuan during this period [1] - On July 31, the Hang Seng Tech ETF recorded a single-day net subscription of 1.492 billion shares, setting a new record for daily net subscriptions since its inception, with total shares surpassing 40.521 billion and total assets exceeding 29.265 billion yuan [1][2] Group 2 - The Hang Seng Tech ETF closely tracks the Hang Seng Tech Index, which includes 30 leading companies in the Hong Kong internet and technology manufacturing sectors, with top five weighted stocks being Tencent, Netease, Alibaba, Xiaomi, and Kuaishou [2] - The current price-to-earnings ratio of the Hang Seng Tech Index is 21.46, within a historical range of 20.31% over the past five years, indicating potential valuation relief [2] - Despite a slight downward adjustment in earnings expectations for some internet platforms, other sub-sectors like new energy vehicles, semiconductors, and consumer electronics show positive earnings revisions, suggesting a favorable investment window [2]