Group 1 - The core viewpoint of the articles indicates a positive trend in the Hong Kong stock market, particularly in the internet sector, with significant inflows of capital and strong performance from major companies like Alibaba and Kuaishou [1][5] - The Hong Kong Stock Connect Internet ETF (513040) has seen a net inflow of over 5.1 billion yuan in the last 10 days, with a total of over 12 billion yuan in the past 20 days and over 57 billion yuan in the last 60 days, indicating strong investor interest [1][5] - Alibaba's AI assistant, Qianwen App, has achieved over 10 million downloads in just one week, making it the fastest-growing AI application, surpassing competitors like ChatGPT [5] Group 2 - The valuation of the Hong Kong Stock Connect Internet ETF (513040) is at a historical low, with a latest price-to-earnings ratio (PE-TTM) of only 21.93, which is below 91.7% of the time since the index's inception [6] - The top five weighted stocks in the index, including Alibaba, Tencent, Xiaomi, Meituan, and SenseTime, account for 57.41% of the index, highlighting the dominance of major tech companies in the sector [5] - The outlook for the Hong Kong stock market is optimistic, with expectations of improved economic conditions and a potential turning point in the economic cycle, driven by increased capital expenditure and R&D in the tech industry [5]

11月19日，港股通互联网ETF（513040）跌0.74%，成交额5.59亿元。当日份额增加2200.00万份，最新 份额为45.10亿份，近20个交易日份额增加9.79亿份。最新资产净值计算值为66.10亿元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 港股通互联网ETF（513040）业绩比较基准为中证港股通互联网指数收益率(使用估值汇率折算)，管理 人为易方达基金管理有限公司，基金经理为李栩、张泽峰，成立（2023-05-31）以来回报为46.57%，近 一个月回报为-3.78%。 ...

今日开盘，港股科技板块高开后回落，截至9:55，恒生科技指数下跌0.2%，中证港股通互联网指数下跌 0.3%，资金近日持续加仓相关ETF，恒生科技ETF易方达（513010）、港股通互联网ETF（513040）近 一个月净流入额分别达到20.7亿元和17.8亿元。 消息面上，百度集团和小米集团于昨日披露三季报，其中百度集团Q3单季度实现营业收入311.7亿元， 高于彭博一致预期的308.7亿元；小米集团Q3单季度实现营业收入1131.2亿元，同比增长22.3%，实现净 利润122.7亿元，同比增长129.3%。 东吴证券称，港股科技板块短期或以震荡为主，政策面暂无更多利好消息，美股AI泡沫叙事再起，产 业缺乏新催化剂，板块上行斜率或放缓。从中长期配置来看，港股科技板块当前位置吸引力凸显。 从估值来看，恒生科技指数、中证港股通互联网指数的滚动市盈率均在25倍以下，分别处于近五年24% 和14%分位处。恒生科技ETF易方达（513010）、港股通互联网ETF（513040）分别跟踪以上指数，可 帮助投资者便捷布局港股科技板块投资机遇。 ...

港股通互联网ETF（513040）业绩比较基准为中证港股通互联网指数收益率(使用估值汇率折算)，管理 人为易方达基金管理有限公司，基金经理为李栩、张泽峰，成立（2023-05-31）以来回报为51.70%，近 一个月回报为-2.75%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月14日，港股通互联网ETF（513040）跌2.36%，成交额3.99亿元。当日份额增加5950.00万份，最新 份额为44.09亿份，近20个交易日份额增加10.56亿份。最新资产净值计算值为66.88亿元。 ...

Group 1 - The Hong Kong stock market has experienced fluctuations since October, with the Hang Seng Tech Index down nearly 10% from its peak, yet there has been a net inflow of 3.7 billion CNY into the E Fund Hang Seng Tech ETF (513010) and 2.4 billion CNY into the Hong Kong Stock Connect Internet ETF (513040) [1] - Tencent's Q3 2025 financial report shows revenue of 192.87 billion CNY, a 15% year-on-year increase, and a net profit of 63.133 billion CNY, up 19% year-on-year, indicating sustained high-quality revenue growth [1] - JD Group also reported strong Q3 performance, with AI applications being implemented across retail, health, logistics, and industrial sectors [1] Group 2 - The Hang Seng Tech Index focuses on technology-related companies listed in Hong Kong, while the China Securities Hong Kong Stock Connect Internet Index covers 30 leading internet companies within the Hong Kong Stock Connect, including major firms like Alibaba and Tencent [2] - Both indices have rolling price-to-earnings ratios below 25, positioned at the 31% and 24% percentiles since their inception, respectively [2] - The E Fund Hang Seng Tech ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) track these indices, providing investors with convenient access to AI application investment opportunities [2]

Group 1 - The core viewpoint indicates that the Hong Kong stock market, particularly the technology sector, is experiencing fluctuations due to a combination of global tech stock sentiment and the mild strengthening of A-shares, with a decrease in risk appetite as the year-end approaches [1] - Despite short-term emotional disturbances, the core driving force of the Hong Kong tech sector remains intact, with valuations entering an attractive historical range after continuous adjustments [1] - The growth logic of leading Hong Kong tech companies is undergoing profound changes, with performance growth accelerating from valuation recovery to profit realization, supported by advancements in AI applications, large models, and cloud services [1] Group 2 - The rolling price-to-earnings ratios of the Hang Seng Tech Index and the China Securities Hong Kong Stock Connect Internet Index are both below 25 times, positioned at the 32nd and 26th percentiles since the indices were launched [2] - The Hang Seng Tech ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) track these indices, providing investors with convenient access to the Hong Kong tech and internet sectors [2]

Group 1 - The core viewpoint of the articles indicates that despite short-term fluctuations in the Hong Kong stock market, the current market rally is not merely a temporary rebound, with expectations for continued stability driven by economic recovery signals and improved global liquidity conditions [1][3] - The Hang Seng Technology Index experienced a slight decline of approximately 0.4%, while the CSI Hong Kong Internet Index saw an increase of 0.8% as of 10:20 AM on November 10 [1] - The E Fund Hang Seng Technology ETF (513010) attracted a total of 760 million yuan in inflows last week, bringing its latest scale to nearly 24 billion yuan, while the Hong Kong Stock Connect Internet ETF (513040) recorded a net inflow of 370 million yuan, reaching a historical high of 6.5 billion yuan [1] Group 2 - The E Fund Hang Seng Technology ETF tracks the Hang Seng Technology Index, which includes major Hong Kong tech leaders such as Alibaba, Tencent, Meituan, JD Group, Baidu, NetEase, and SMIC, covering high-growth sectors like e-commerce, digital media, semiconductors, smart electric vehicles, and cloud computing [1] - The Hong Kong Stock Connect Internet ETF (513040) tracks the CSI Hong Kong Internet Index, which selects 30 stocks related to internet businesses from the Hong Kong Stock Connect range, with the top five weighted stocks including Alibaba, Tencent, Xiaomi, Meituan, and SenseTime, collectively accounting for over 55% of the index [2]

在11,2020-02-20 17:57:25 17:10:00:00:00:00:00 11:00:00:00:00:00:00 11:12:50:00 2:00:00:50 21:00:10:00:50 11:01:10:00 11 场。媒体馆得在印度全身到调度和关。意愿平是林树对中国工程师团群和较小步行变。给意分世的话看他不更上流动用品事变平成贯流进展事的时间占议。体验分位处置示用时管案。他们分位是同步加拿出市 83/4号或陆续费显纪录332.2.9705年11月4日。福生用登通新社济依数发布分为20年8月8日)，可查调查位记原社四30年8月1月21日起。促生科生报像发布分为7000年7月7日:中证商能责任,辽生保合师资源 图 经历为2017年6月22日，可贵调体值记录日立2017年1月29日起:中证意取通互联网推重发布日为2021年1月11日:中证股股资消费主题部数发布日为2000年3月4日, 注?银行。互联网平台等税又销售机构提供可联外投资的ETF联接基金 流):但费事产品,具管理费等0.155/年。托管费率0.00%/年。 今日港股走势分化，科技股整体回调，医药股局部活跃，南向资金全天净买入超10 ...

Core Viewpoint - The Hong Kong Stock Connect Internet ETF (513040) experienced a decline of 2.02% on November 4, with a trading volume of 410 million yuan, indicating a significant market movement [1] Group 1: Fund Performance - The fund's total shares increased by 68 million, bringing the total to 4.148 billion shares, with a notable increase of 1.471 billion shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 6.379 billion yuan [1] - Since its inception on May 31, 2023, the fund has achieved a return of 53.78%, while the return over the past month has been -11.33% [1] Group 2: Management and Benchmark - The fund is managed by E Fund Management Co., Ltd., with fund managers Li Xu and Zhang Zefeng [1] - The performance benchmark for the fund is the CSI Hong Kong Stock Connect Internet Index return rate, adjusted using the valuation exchange rate [1]

Core Viewpoint - The Hong Kong technology and internet sectors are experiencing fluctuations, with the Hang Seng Technology Index down 0.4% and the CSI Hong Kong Internet Index down 1.1% as of 11:00 AM. However, there is a net inflow into related ETFs over the past three trading days, indicating investor interest in these sectors [1]. Group 1: Market Performance - The Hang Seng Technology Index and the CSI Hong Kong Internet Index are both showing declines, with respective decreases of 0.4% and 1.1% [1]. - Despite the downturn, funds are actively entering ETFs such as the E Fund Hang Seng Technology ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040), which have seen net inflows for three consecutive trading days [1]. Group 2: AI Market Insights - According to Dongwu Securities, the current AI market is characterized by a lag in downstream applications due to a lack of breakout applications and clear business models, resulting in low visibility for earnings [1]. - The long-term potential of AI applications is expected to be greater than that of upstream hardware, suggesting a significant future value as AI continues to empower various sectors [1]. - Historical experiences from the "Internet+" wave indicate that the activation of AI application markets is merely a matter of time, with a clear medium-term certainty [1]. Group 3: Valuation and Investment Opportunities - The valuation of the Hong Kong internet sector is currently below its three-year average, positioning it at a low level within the global AI asset landscape [1]. - The rolling price-to-earnings ratios for the Hang Seng Technology Index and the CSI Hong Kong Internet Index are both below 25 times, which are at the 29% and 25% percentiles since the indices were launched [1]. - Investors are encouraged to consider products tracking the Hang Seng Technology ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) for convenient exposure to the Hong Kong technology and internet sectors [1].