Core Viewpoint - The article emphasizes the importance of selecting the right technology-focused funds in the Hong Kong stock market, highlighting the significant number of indices and funds available, and the varying performance among them [3][4]. Group 1: Overview of Hong Kong Technology Indices - There are currently ten indices tracking the Hong Kong technology theme, with 125 funds available in the market [3]. - The performance of these indices varies widely, with some achieving returns of over 50% in the past year, while others only saw gains of 18% [4]. Group 2: Selection Criteria for Technology Funds - The article outlines a three-step process to simplify the selection of Hong Kong technology funds [5]. - The first step involves choosing between A+H shares and pure H shares, with a recommendation to focus on pure H shares for better international recognition [9]. - The second step emphasizes the importance of evaluating the stock selection logic of the indices, with a focus on market capitalization and additional requirements for stock selection [12][14]. Group 3: Stock Selection Logic - A table summarizes the stock selection criteria and additional requirements for various indices, indicating that four indices have extra selection criteria focusing on R&D investment and revenue growth [14]. - The presence of additional selection criteria is shown to improve the risk-return profile of the indices, leading to better performance with lower volatility [16][19]. Group 4: Distinguishing Features of Selected Indices - After filtering, four indices remain: Hang Seng Technology, CSI Hong Kong Stock Connect Technology, National Index Hong Kong Stock Connect Technology, and Hong Kong Technology [21]. - The article suggests differentiating these indices based on their exposure to consumer-facing companies, innovative drug companies, and electric vehicle manufacturers [23][25][26]. Group 5: Conclusion and Recommendations - The final selection of indices offers a variety of focuses within the Hong Kong technology sector, with specific recommendations for funds tracking these indices provided in a table format [28][29].