Wind data shows that as of September 12, 2025, the on-market scale of the Hong Kong Stock Connect Tech 30 ETF (159636) reached 35.344 billion yuan. Since the beginning of the year, this ETF has attracted significant market attention, with a share growth rate of 215.96%. Over the past 20 trading days, it experienced net capital inflows for 19 days, accumulating a total of 3.836 billion yuan in "capital attraction."

The Hong Kong Stock Connect Tech 30 ETF (159636) closely tracks the CNI Hong Kong Stock Connect Tech Index (987008). Wind data shows that as of September 12, 2025, the CNI Hong Kong Stock Connect Tech Index has risen by 94.06% over the past year, outperforming同类 indices such as the Hang Seng Tech Index (72.34%) and the Hang Seng Internet & Information Technology Index (66.59%) during the same period. As of September 12, 2025, the price-to-earnings ratio (TTM) of the CNI Hong Kong Stock Connect Tech Index is 25.72 times, sitting at the 37.17th percentile over the past five years, indicating relatively low valuation levels.

The CNI Hong Kong Stock Connect Tech Index (987008) reflects the operational characteristics of leading listed companies in the Hong Kong Stock Connect tech sector. It consists of only 30 constituent stocks, with individual stock weightings capped at 15%. Wind data shows that as of September 12, 2025, the top ten weighted stocks of the index are Tencent Holdings, Xiaomi Corporation-W, Alibaba-W, Meituan-W, SMIC, Kuaishou-W, BYD Company, BeiGene, Innovent Biologics, and Li Auto-W. The combined weighting of the top ten stocks accounts for 75.68%. (Note: The mentioned stocks are for index constituent display only and are not intended as individual stock recommendations.)

The CNI Hong Kong Stock Connect Tech Index was revised in March 2025. Compared to the previous version of the compilation methodology, this adjustment removed the "new energy equipment" sector and added targets from the "smart cars" and "artificial intelligence" sectors. This change increased the index's AI content and market relevance, making it more focused on cutting-edge tech fields with higher growth potential, such as the internet, semiconductors, innovative drugs, and smart driving.

On the news front, according to CBN, on September 11 local time, the U.S. Bureau of Labor Statistics released data showing that the Consumer Price Index (CPI) rose by 0.4% month-on-month in August, higher than the expected 0.3%, marking the largest increase in seven months. The year-on-year growth rate was 2.9%, also higher than July's 2.7%. The core CPI, excluding food and energy, rose by 0.3% month-on-month and 3.1% year-on-year, in line with market expectations. Meanwhile, the number of initial jobless claims in the U.S. rose to 263,000, the highest level since October 2021, with the four-week average also rising to 240,500. Although holiday effects may cause short-term fluctuations, the overall trend indicates an increase in layoff activities. The resurgence of inflation combined with weakening employment has sparked market concerns about "stagflation." However, analysts generally believe that the Federal Reserve's pace of initiating interest rate cuts next week will not be hindered by this.

China Merchants Securities believes that in the short term, as market expectations for Federal Reserve rate cuts increase, U.S. Treasury yields decline, boosting global risk appetite, the tech style may outperform. Coupled with easing liquidity pressures in Hong Kong, they are optimistic about Hong Kong stocks, which have lagged behind A-shares in the earlier period.

The Hong Kong Stock Connect Tech 30 ETF (159636) also offers an off-market feeder fund (Class A: 019933; Class C: 019934) to help off-market investors achieve one-click allocation.