Zhongtai Securities pointed out that the overall valuation of Hong Kong’s internet and social services sector is currently at a low level, leaving room for potential upside. Against the backdrop of rising AI capital expenditures and increased policy support for technological innovation, leading companies in the tech sector possess medium- to long-term growth potential. Although upstream resource stocks have seen a pullback due to declining policy momentum in "anti-involution" measures, the positive signals from the Politburo meeting and the policy outlook for the second half of the year suggest that the market will continue its structural, volatile upward trend amid a "dual easing" fiscal and monetary environment.

The Hong Kong Tech ETF (513020) tracks the Hang Seng Stock Connect Tech Index (931573), which primarily covers technology-related companies listed in Hong Kong and tradable via the Stock Connect program. The index’s constituents are dominated by the consumer discretionary sector (40.99%), while also encompassing industries such as automobiles, pharmaceuticals & biotech, and information technology hardware, comprehensively reflecting the diversified and innovation-driven performance of Hong Kong’s tech sector.

Investors without stock accounts may consider Guotai CSI Hong Kong Stock Connect Tech ETF Connect A (015739) and Guotai CSI Hong Kong Stock Connect Tech ETF Connect C (015740).

Note: Any mentioned stocks are for reference only and do not constitute investment advice. Short-term performance and historical data of indices/funds are for analytical purposes only and do not indicate future performance. Market views may change with market conditions and do not constitute any investment advice or commitment. The mentioned indices are for reference only and do not constitute investment advice or guarantees of fund performance. Investors should choose fund products that match their risk tolerance. Fund investments carry risks; caution is advised.