On October 24, Hong Kong stocks showed active performance, led by a rebound in the tech sector! The only Hong Kong 30 ETF (520560) in the market displayed stable intra-day movements with its price increasing by 0.4%, reflecting a significant intra-day premium, with a real-time premium rate of 0.23%, indicating strong buying interest. According to data from the Shanghai Stock Exchange, the Hong Kong 30 ETF (520560) has seen nearly 30 million yuan in net inflow over the past ten days!

Among the constituent stocks, SMIC surged impressively, climbing over 5%, while Lenovo Group, Alibaba-W, and Kuaishou-W all showed notable performance with gains exceeding 1%. Conversely, dividend stocks such as China Merchants Bank, China Construction Bank, and Bank of China displayed weaker performance, edging slightly down.

In news developments, Alibaba Cloud's independently developed computing pooling solution, "Aegaeon," has been successfully selected for the prestigious academic conference SOSP 2025. This technology has been implemented on Alibaba Cloud's Bailian platform to enhance resource utilization for AI model services. Furthermore, U.S. and Chinese officials held a video call on October 18, agreeing to promptly initiate a new round of trade consultations, fostering favorable conditions for international cooperation in the tech sector.

Shenwan Hongyuan Securities emphasized that the catalyst for growth in the tech industry is becoming increasingly promising, with overseas AI capital expenditure on the rise and advancements in the domestic AI industry. They predict that 2025 will be a pivotal point linking primary and secondary markets. Meanwhile, cyclical sectors lack aggressive logic, and improvements in demand will need to wait for policy validation in spring 2026. In the short term, the Hong Kong stock adjustment is deemed sufficient, making the Hang Seng Tech Index's rebound highly elastic.

【Key Points: Hong Kong 30 ETF is Worth Considering】

- Strong Leadership: Easily allocate to Hong Kong's core assets while avoiding specific stock selection risks. - Winning Structure: Inherent 「Tech + Dividend」 barbell strategy balances offensive and defensive strategies. - Low Valuation: Both low price-to-earnings and price-to-book ratios highlight strong value for allocation. - Flexible Trading: 「T+0 mechanism」 plus high liquidity suits swing and regular investments. - Long-term Value: Historically stable performance makes it suitable as a foundational tool for long-term Hong Kong stock allocations.

The Hong Kong 30 ETF (520560) closely follows the Hang Seng China (Hong Kong Listed) 30 Index, which consists of 30 constituent stocks, employing a barbell strategy that concentrates on leaders in sectors such as the internet, finance, electronics, and consumption. All are high liquidity blue-chip stocks under the Hong Kong Stock Connect, with the top ten holdings accounting for over 73% of total weight, reflecting high concentration and strong capacity to absorb capital with lower impact costs for large trades.

Note: Recent market fluctuations may be substantial; short-term price changes do not indicate future performance. Investors must invest rationally according to their financial conditions and risk tolerance, with heightened attention to position and risk management.

Risk Warning: The Hong Kong 30 ETF passively tracks the Hang Seng China (Hong Kong Listed) 30 Index, which was established on January 3, 2000, and published on January 20, 2003. The composition of the index's constituent stocks is adjusted according to the index’s compilation rules. The stocks mentioned in this text are for display purposes only, and individual stock descriptions do not constitute any form of investment advice nor represent the holdings or trading trends of any fund managed by the manager. The fund manager assesses the risk level of this fund as R4—medium to high risk, suitable for aggressive investors (C4) and above. Any information mentioned in this document (including but not limited to individual stocks, comments, predictions, charts, indicators, theories, or any form of expression) is for reference only, and investors must take responsibility for any investment decisions made. Additionally, any opinions, analyses, and predictions contained herein do not constitute any form of investment advice to the reader, nor does it bear any responsibility for any direct or indirect losses arising from the use of this content. The performance of other funds managed by the fund manager does not guarantee the performance of this fund, and past performance is not indicative of future results. Fund investments carry risks, and caution is advised.

MACD golden cross signal has formed; these stocks are seeing good gains!

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