Hong Kong stock technology sector pulls back, Hong Kong stock technology ETF (513020) drops over 2.5%. Seize the opportunity to position around the main technology theme; the pullback may present a good entry point.

Open Source Securities points out that, based on a review of market patterns after the Spring Festival, the technology and cyclical sectors have performed relatively well. Compared to the U.S. tech sector, domestic technology valuations are relatively low, and tech differentiation may be more controllable. Regarding Hong Kong stocks, tech valuations are also relatively manageable, combined with the fact that domestic internet companies’ AI investments are moderate, making tech differentiation potentially more controllable. We should firmly adhere to the principle of “technology first.” However, market expectations and standards for technology have further increased. With overall high valuations in the tech sector, there is significant internal competition and differentiation within the industry. The market’s standards for evaluating technology have shifted from “PPT concepts” to focusing on “commercialization and realization.” During the Spring Festival, AI large model companies in the Hong Kong tech sector saw rapid gains, and the highly applied technology showcased during the Spring Festival Gala demonstrated policy support and confidence in promoting technological development.

The Hong Kong Tech ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which covers core assets such as “Internet + innovative medicine + new energy vehicles,” reflecting the diversified characteristics of the tech industry and the overall performance of leading tech companies in the Hong Kong market.

Compared to the Hang Seng Tech Index, the Hong Kong Stock Connect Technology Index has an overweight in new energy vehicles and innovative medicine. From the end of 2014 to the end of 2025, the index has achieved a cumulative return of 224.25%, outperforming the Hang Seng Tech Index (83.87%) by over 140%. Over the long term, it has consistently outperformed the Hang Seng Tech Index, the Shanghai-Hong Kong-Shenzhen Internet Index, the Hang Seng Internet Technology Industry Index, and the Hang Seng Healthcare Index.

Risk Reminder: Mentioned individual stocks are for industry event analysis only and do not constitute any stock recommendation or investment advice. Short-term index fluctuations are for reference only and do not predict future performance, nor do they constitute a promise or guarantee of fund performance. Views may change with market conditions and do not constitute investment advice or guarantees. Different funds have different risk and return profiles; investors should carefully read the fund’s legal documents, fully understand the product features, risk levels, and distribution principles, and choose products that match their risk tolerance. Invest cautiously.

Daily Economic News