On the afternoon of February 11, Hong Kong's hard technology sector maintained strong momentum. Kingboard Laminates surged over 13%, while Kingsoft Cloud gained more than 9%. Kingboard Holdings and Xiaomi Group both rose over 5%. The Hong Kong Information Technology ETF (159131), the first ETF focusing on the "Hong Kong chip" industry chain, saw its price increase by 1.2%, aiming for a third consecutive day of gains. Real-time turnover exceeded 55.93 million yuan.

According to the latest research report from China Merchants Securities, the Hong Kong technology sector, represented by the Hang Seng Tech Index, has experienced significant declines recently, suggesting substantial allocation value at current levels. First, recent market fluctuations are primarily due to severe liquidity shocks. Second, there is nothing new under the sun; the current market volatility is essentially similar to that of November 2025. Finally, looking ahead, favorable factors are gradually accumulating.

The Hong Kong Information Technology ETF (159131), which allows T+0 trading, targets the "Hong Kong chip" super cycle. Its underlying index consists of "70% hardware + 30% software," heavily weighted in Hong Kong-listed semiconductors, electronics, and computer software. The ETF covers 42 hard tech companies, including SMIC with a weight of 15.21%, Xiaomi Group-W at 12.08%, and Hua Hong Semiconductor at 8.68%. It excludes large-cap internet companies like Alibaba, Tencent, and Meituan, offering sharper focus and easier capture of Hong Kong's AI hard tech trends. (Data as of January 30, 2026)

The index components are reviewed semi-annually, with individual stock weights generally rebalanced to a 15% cap. Recent market volatility may be significant, and short-term performance does not indicate future results. Investors should make rational investment decisions based on their financial situation and risk tolerance, paying close attention to position and risk management.

For the Hong Kong Information Technology ETF, subscription and redemption agents may charge a commission of up to 0.5%. Trading fees are subject to securities firms' actual charges. No sales service fee is applied.

The fund carries risks, as it passively tracks the CSI Hong Kong Stock Connect Information Technology Composite Index. Past performance does not guarantee future results. Investors should carefully review fund documents and assess their risk appetite before investing.