The year 2026 is widely regarded as a pivotal period for Chinese large models expanding into overseas markets. Data from OpenRouter shows that during the week of August 17-23, the weekly call volume for Chinese AI large models reached 40.48 trillion tokens, a 9.88% increase month-over-month, marking the seventeenth consecutive week that China has outpaced the United States to hold the number one position globally. Concurrently, domestic large models are transitioning from providing API outputs to supplying foundational technology to international partners.

On September 3, an AI company under PIF unveiled the Arabic-language model HUMAINM3, which is based on the open-source flagship version of Chinese firm MiniMax M3. This collaboration signals that Chinese foundational large models are now deeply embedded in the research and development of overseas localized artificial intelligence solutions. The domestic iteration pace of large models continues at high speed, with multiple tech companies releasing new-generation results. On August 26, a leading domestic AI firm open-sourced GLM-5.3-Flash, which is the first native multimodal model of the GLM-5 series. The following day, Tongyi Qianwen added Qwen3.8-Flash to its office suite, introducing a standard runtime mode that leverages model upgrades and agent synergy to enhance user experience. On August 28, Hy4 preview was officially launched, featuring a total of 770B parameters and 49B activated parameters, achieving a substantial performance leap with a million-token context window compared to its predecessor.

Looking at the global AI arena, a new round of technological rivalry is heating up as overseas tech giants have recently entered a phase of concentrated model updates. In the early hours of today, OpenAI unveiled GPT-6 Astra, which the company claims leads the industry in intelligence and safety alignment capabilities, marking breakthrough progress in specialized areas such as computer manipulation, coding, and scientific research. Prior to this, Anthropic launched its iterated product Fable5.1, which not only delivers comprehensive performance upgrades but also cuts model call costs by 25%. Additionally, Meta introduced its most powerful AI model, Muse Spark 1.3, with coding and agentic capabilities that are rapidly catching up with top-tier players.

Against this backdrop of intensive AI achievements both at home and abroad, the long-term growth potential of the Hong Kong tech sector is drawing increasing attention from on-market capital. The popular product Hang Seng Tech ETF Huatai-PineBridge (513130) has now seen capital inflows for four consecutive trading days, accumulating a total intake of 708 million yuan during the period, making it the only ETF tracking the Hang Seng Tech Index in A-share markets to record net inflows exceeding 100 million yuan during this timeframe. Supported by this incremental capital, the fund's latest share count and scale have reached 57.782 billion units and 32.335 billion yuan respectively, showcasing a notable liquidity advantage.

Beyond the catalysts from the AI industry, shifts in overseas monetary policy expectations are also introducing positive external factors for the Hong Kong tech sector. On the evening of September 3, Eastern Time, a journalist known as the "Fed whisperer" revealed new signals indicating that a Federal Reserve official's stance has softened, turning from a previously hawkish position to leaning toward a pause in rate hikes, thereby cooling expectations for further increases. Combined with the ongoing global AI innovation boom, the tech sector appears poised for a more favorable market environment.

It is noted that the Hang Seng Tech ETF Huatai-PineBridge (520500) , which supports same-day T+0 trading and closely tracks the Hang Seng Tech Index, is one of the representative indices in the Hong Kong tech sector. It brings together core tech enterprises including Chinese internet platforms, cloud service providers, and AI technology firms, covering key segments from computing infrastructure and model capabilities to application scenarios and monetization, and is well-positioned to benefit from the rapid development of large models.

In terms of holder structure, data from the 2026 interim fund report reveals that Hang Seng Tech ETF Huatai-PineBridge (513130) has 446,600 holder accounts, ranking at the forefront among ETFs tracking the Hang Seng Tech Index in A-share markets. The number of holder accounts serves as a key metric for gauging market recognition, and this data strongly underscores the awareness and high approval the fund enjoys among a broad base of investors.

The manager of Hang Seng Tech ETF Huatai-PineBridge (513130) and its feeder funds (Class A 015310/Class C 015311) is Huatai-PineBridge Fund Management, one of the first ETF managers in China. With over 19 years of deep expertise in index investing, the company has crafted tools like CSI 300 ETF Huatai-PineBridge (510300) and A500 ETF Huatai-PineBridge (563360) , which offer transparency, ease of trading, and low fees. As of the end of June 2026, the company's ETFs have generated cumulative profits exceeding 180.6 billion yuan for holders over the past two years, making it one of only three public fund firms in the A-share market to surpass 160 billion yuan in cumulative profits during that period. MACD golden cross signals are forming, and these stocks are on a positive trajectory!