On September 23, Hong Kong stocks opened slightly higher. The Hang Seng Index opened up 0.35%, and the Hang Seng Tech Index opened up 0.21%. Among related ETFs, the Hong Kong Tech 30 ETF (513160) fell 0.43% as of the time of writing, with a turnover exceeding 80 million yuan. The premium/discount rate was 0.14%, and premium trades frequently occurred during the session.

The Hong Kong Tech 30 ETF (513160) closely tracks the Hang Seng Stock Connect China Technology Index. This index tracks the performance of Mainland companies engaged in technology businesses listed in Hong Kong that are accessible through the Stock Connect scheme. Its top ten holdings include several technology leaders such as SMIC, Kuaishou-W, Tencent Holdings, Alibaba-W, and Xiaomi Group-W.

Regarding fund flows, Wind data shows that the Hong Kong Tech 30 ETF (513160) has recently seen significant capital allocation. Over the 17 trading days since August 29, the ETF has experienced continuous net capital inflows, accumulating over 1.39 billion yuan in inflows. As of September 22, the number of new shares created within the year reached 3.075 billion, representing a share growth rate of 1981.45%.

Huatai Securities pointed out that Hong Kong technology stocks have recently led the gains and are still in the accumulation zone. Benefiting from the renewed acceleration of domestic AI progress, Hong Kong technology stocks have rebounded rapidly. The Hang Seng Tech Index and the Hang Seng Stock Connect China Technology Index have risen nearly 20% from their lows in July. The dynamic PE of the Hang Seng Tech Index has recovered to above 21 times, reaching the average level since 2020. The institution previously suggested that technology would lead the third re-rating of Hong Kong stocks. On one hand, negative factors such as expectations around the food delivery competition are largely priced in. On the other hand, AI models, chip procurement, and capital expenditure are expected to accelerate. Looking ahead, sentiment towards Hong Kong stocks may still have room for further improvement, and the technology sector might still be in the accumulation zone.

China Securities Co., Ltd. (CSC) noted that the A-share market is currently in a consolidation period, highlighting the advantages of Hong Kong stocks. They are generally optimistic about Hong Kong stocks in the near future. Investors can focus on core growth sectors in Hong Kong, particularly internet, innovative drugs, new consumption, and technology sectors. They can also pay attention to defensive allocations focusing on dividends.

(The views of institutions in this article are from licensed securities firms. This does not constitute any investment advice nor represent the platform's views. Investors should make independent judgments and decisions.)