On November 12, Hong Kong's three major stock indices opened higher. The Hang Seng Index rose 0.22% to 26,754.93 points, the Hang Seng Tech Index increased by 0.26%, and the Hang Seng China Enterprises Index gained 0.3%. Pharmaceutical and technology stocks performed relatively actively.

In the technology sector, XPeng Motors -W rose 2.1%, JD Health increased by 1.7%, and Trip.com Group -S advanced 1.4%. On the downside, Nio -SW fell 4.1%, while Alibaba -W declined 2.1%.

Against the backdrop of the accelerating global artificial intelligence race, Chinese tech stocks are becoming targets for international capital eager to position themselves, thanks to their unique "high growth + high dividend" advantages. Several foreign institutions point out that China's AI industry is still in its early stages of development, with significant catch-up potential in areas such as computing infrastructure, algorithm innovation, and application implementation.

Notably, unlike traditional growth stocks, the current batch of leading Chinese tech companies demonstrates robust cash flow and shareholder return capabilities. According to data from abrdn, many tech companies have dividend yields exceeding 3%, with payout ratios close to 85%, comparable to levels in European and American markets. This characteristic of "coexisting growth potential and dividend income" is particularly valuable in the global low-interest-rate environment.

Hong Kong's tech sector aggregates the core assets of domestic AI, encompassing leading companies across the entire industry chain, including computing power, models, software applications, and hardware terminals. It has become a pioneer in the revaluation of Chinese assets and is expected to continue benefiting from the subsequent accelerated penetration of AI.

【Related ETFs】

Covering the entire technology industry chain — Hong Kong Stock Connect Tech ETF Fund (159101)

Focusing on internet leaders — Hang Seng Internet ETF (513330)