Hong Kong hard-tech stocks mounted a powerful comeback today (September 16), with the benchmark index tracking the Hang Seng Tech Information ETF (159131) climbing 2.43% during intraday trading. Key constituents including Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor, and Lenovo Group all advanced more than 4%, while newly added constituent VIEWTRIX TECH surged to its 20% daily limit.

According to market research firm Omdia, global semiconductor revenue surpassed $425 billion in Q2 2026, setting a new all-time high with a record 31.4% quarter-over-quarter increase. AI demand and resilient memory chip pricing continue to dominate market dynamics, pushing total semiconductor revenue to $752 billion in the first half of 2026. Notably, since Omdia began tracking the semiconductor market in Q1 2002, only 10 of the 97 quarters tracked have seen revenue growth exceeding 10% quarter-over-quarter—yet the market has now delivered double-digit sequential growth for four consecutive quarters starting from Q3 2025, with expectations of continued momentum in Q3 2026.

Zhongyuan Securities highlights that expanding AI infrastructure investment is driving sustained robust demand for advanced memory, prompting global memory manufacturers to accelerate capacity expansion. According to the latest SEMI forecast, global 300mm wafer fab equipment investment in the memory segment is projected to reach $52 billion in 2026, up 29% year-over-year, with a 19% compound annual growth rate expected from 2024 to 2029. As AI-driven global memory makers accelerate capacity buildout, semiconductor equipment supply tightness is expected to intensify gradually, potentially accelerating the global expansion of domestic Chinese semiconductor equipment makers. Combined with ongoing import substitution efforts, the firm recommends watching investment opportunities in domestic semiconductor equipment and component manufacturers.

The Hang Seng Tech Information ETF (159131) offers access to rare "pure-play" hard-tech exposure on the Hong Kong market, supporting T+0 trading. The fund tracks the Hang Seng Tech Information Index, constructed as approximately "80% hardware + 20% software," with heavy weighting in Hong Kong-listed semiconductor, electronics, and computer software names. The index covers 74 Hong Kong hard-tech companies, including the "foundry duo" of Semiconductor Manufacturing International Corporation and Hua Hong Semiconductor, domestic AI PC leader Lenovo Group, and the "domestic large-model duo" of Zhipu and Minimax. Notably, the index excludes large-cap internet firms like Alibaba, Tencent, and Meituan, making it more effective at capturing Hong Kong's AI hard-tech market moves.

Investors without a securities account can also access this opportunity through the off-market feeder fund (026755) for one-click exposure to Hong Kong hard-tech stocks. Based on the fund manager's assessment, the Hang Seng Tech Information ETF carries an R4 risk rating (medium-high risk), suitable for aggressive (C4) and above investors; please refer to sales institutions for suitability matching advice. Recent market volatility may be significant, short-term gains or losses do not predict future performance, and fund investments may incur losses. Investors should make rational decisions based on their own capital positions and risk tolerance, with close attention to position and risk management.

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

[Institutional view reference: Zhongyuan Securities 20260915 "Semiconductor Industry Maintains Rapid Growth in Q2 26, Domestic Memory Manufacturers Deliver Strong Results"]

[ETF fee disclosure: Investors purchasing or redeeming fund shares may be charged commissions up to 0.5% by agency institutions. Exchange trading fees are subject to actual charges by securities firms, with no sales service fees collected. For the Huabao CSI Hang Seng Tech Information ETF feeder fund, subscription fees are 0.30% below RMB 1 million, 0.20% for RMB 1-2 million, and RMB 1,000 per transaction for RMB 2 million and above. Redemption fees for retail investors are 1.50% within 7 days and 0.00% for 7 days or longer. For institutional investors: 1.50% within 7 days, 1.00% for 7-30 days, 0.50% for 30-180 days, and 0.00% for 180 days or longer; no sales service fees apply.]

[Individual stock disclosure: Index constituents mentioned herein are for illustration only; stock descriptions do not constitute investment advice of any form, nor do they represent fund holdings or trading activity of any fund under the manager. As of 2026.9.14, the weights of index constituents mentioned are as follows: Lenovo Group 15.52%, Xiaomi Group-W 15.17%, Semiconductor Manufacturing International Corporation 14.67%, Hua Hong Semiconductor 6.86%.]

[Risk disclosure: The Hang Seng Tech Information ETF passively tracks the CSI Hang Seng Tech Information Composite Index, with a base date of 2014.11.14 and release date of 2017.6.23. Annual historical returns for the CSI Hang Seng Tech Information Composite Index (HKD) for 2021-2025 were: -9.54%, -34.47%, -0.25%, 21.58%, and 39.30%; annual volatility for 2021-2025 was 4.13%, 4.63%, 4.00%, 5.49%, and 5.45%, respectively. Past index performance does not predict future results. Index constituent composition adjusts according to index compilation rules, and backtested historical performance does not indicate future index performance. Any information appearing herein (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, or any form of expression) is for reference only, and investors are solely responsible for their own investment decisions. Additionally, any views, analyses, or forecasts in this article do not constitute investment advice of any form to readers, nor are they liable for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of funds does not represent future performance, performance of other funds under the same manager does not constitute a guarantee of fund performance, and fund investment requires caution.

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