Hong Kong's hard-tech sector mounted another strong rally today (September 18), with the benchmark index tracked by the Hong Kong Stock Connect Information Technology ETF Huabao (159131) closing up more than 2%.

Among the index constituents, more than ten stocks posted gains exceeding 5%, with National Technology and Axera Meta leading the pack at over 10% gains. MiniMax climbed more than 8%, while Legend Holdings and Tianshu Zhixin both advanced over 7%.

On the news front, three products from MiniMax's portfolio - MiniMax Agent, Hailuo AI, and MiniMax Audio - have been incorporated into the official AI course toolkit of Singapore's Skills Development Authority (SWDA) through the Singtel AI Pass initiative launched by Singapore Telecommunications (Singtel). This marks the only Chinese AI-native application suite selected under the program, which aims to help the public integrate multimodal AI capabilities into daily office and work scenarios.

Meanwhile, Axera Meta's self-developed automotive-grade ADAS SoC M57 chip, which powers Aptiv's next-generation intelligent front-view integrated unit, achieved mass production and delivery today for vehicles targeting the European Union market at a leading domestic new energy vehicle manufacturer. The intelligent driving system, developed under the leadership of Aptiv's China team, meets the E-NCAP 2026 five-star safety standards, officially clearing the European market access threshold for the M57 chip.

According to Kaiyuan Securities, cloud service demand and inference computing power requirements continue to grow steadily, with the cloud computing sector maintaining its high-growth trajectory. The surge in domestic large-model traffic is enhancing commercialization capabilities, while the AI agent industry enters a phase of rapid expansion.

This ETF offers exposure to scarce pure-hard-tech Hong Kong stocks with T+0 trading support. The Hong Kong Stock Connect Information Technology ETF Huabao (159131) tracks the Hong Kong Stock Connect Information Technology Composite Index, which comprises roughly 80% hardware and 20% software, heavily weighted toward Hong Kong's semiconductor, electronics, and computer software sectors. The index encompasses 74 Hong Kong hard-tech companies, including the "twin foundry giants" SMIC and Hua Hong Semiconductor, the "domestic AIPC leader" Lenovo Group, and the "domestic large-model duo" Zhipu AI and MiniMax.

The index constituents exclude large-cap internet companies such as Alibaba, Tencent, and Meituan, enabling more precise capture of Hong Kong's AI hard-tech momentum. Additionally, investors without a securities account can access this market through the off-exchange feeder fund (026755) for one-stop exposure to Hong Kong hard-tech stocks.

Based on the fund manager's assessment, the Hong Kong Stock Connect Information Technology ETF Huabao carries a risk rating of R4-medium-to-high risk, suitable for aggressive (C4) and above investors. Investors should refer to their sales institutions for suitability matching opinions. Market volatility may be significant in the near term, and short-term gains or losses do not indicate future performance. Fund investments may incur losses. Investors should make rational investment decisions based on their own financial conditions and risk tolerance, paying close attention to position sizing and risk management.

[Data sources: China Securities Index Company, Shanghai and Shenzhen Stock Exchanges]

[Institutional opinion reference: Kaiyuan Securities 2026-09-06 report "Market Shifts Focus to Model Pareto Optimality; AI Long-Form Content Accelerates Multimodal Commercialization"]

[ETF fund fee disclosure: When subscribing or redeeming fund shares, subscription and redemption agents may charge commissions up to 0.5%. On-exchange trading fees are subject to actual securities company charges, with no sales service fees collected. For the Huabao CSI Hong Kong Stock Connect Information Technology ETF feeder fund, subscription fees are 0.30% for amounts below RMB 1 million, 0.20% for amounts between RMB 1 million (inclusive) and RMB 2 million, and RMB 1,000 per transaction for amounts of RMB 2 million (inclusive) and above. Redemption fees for individual investors are 1.50% within 7 days and 0.00% for 7 days (inclusive) and above. For institutional investors, redemption fees are 1.50% within 7 days, 1.00% for 7 days (inclusive) to 30 days, 0.50% for 30 days (inclusive) to 180 days, and 0.00% for 180 days (inclusive) and above. No sales service fees apply.]

[Stock disclosure note: Index constituents mentioned in this article are for illustrative purposes only. Stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund under the fund manager's management. As of September 14, 2026, the weights of mentioned index constituents are as follows: Lenovo Group 15.52%, SMIC 14.67%, Hua Hong Semiconductor 6.86%, Zhipu AI 0.78%, MiniMax 0.198%, and Axera Meta 0.08%.]

[Risk disclosure: The Hong Kong Stock Connect Information Technology ETF Huabao passively tracks the CSI Hong Kong Stock Connect Information Technology Composite Index, which has a base date of November 14, 2014, and was published on June 23, 2017. Annual historical returns for the CSI Hong Kong Stock Connect Information Technology Composite Index (HKD) from 2021 to 2025 were: -9.54%, -34.47%, -0.25%, 21.58%, and 39.30% respectively. Annual volatility for 2021-2025 was: 4.13%, 4.63%, 4.00%, 5.49%, and 5.45% respectively. Past index performance does not indicate future results. Index constituent composition is adjusted periodically according to index compilation rules, and backtested historical performance does not predict future index performance. Any information appearing in this article (including but not limited to stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is provided for reference only. Investors bear sole responsibility for their own independent investment decisions. Furthermore, any views, analyses, or forecasts in this article do not constitute investment advice to readers in any form, nor do they bear liability for direct or indirect losses arising from the use of this content. Fund investments carry risks. Past fund performance does not represent future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Fund investments should be made with caution.

A MACD golden cross signal has formed, and these stocks are showing strong upward momentum!