On November 10, the Hang Seng Index opened 0.3% higher, and the Hang Seng Tech Index rose 0.36%. Lithium battery and photovoltaic concepts strengthened, while innovative drug, new energy vehicle, and robotics themes weakened.

Since 2024, the Hong Kong stock technology sector has shown a trend of "leading stocks rallying and sectors breaking through," becoming one of the most prominent market themes. The profitability effect of leading companies has further attracted capital inflows, promoting a virtuous cycle of "gains - capital - performance" in the Hong Kong tech sector. This has also allowed the sector's investment value to expand from single targets to the entire sector, providing investors with more diverse opportunities for allocation.

Foreign capital maintains a highly consensus bullish view on Chinese assets. Top institutions such as J.P. Morgan and abrdn have frequently emphasized the growth potential of China's technology industry and the valuation advantages of the Hong Kong stock market. They believe that against the backdrop of China's economic transformation and upgrading, the technology industry will long benefit from policy support and market demand. Hong Kong, as an international financial center, provides an ideal platform for global capital to share in this dividend.

Looking ahead, foreign institutions expect the tech-led rally in the Hong Kong stock market to persist. Investors can focus on two types of opportunities: first, leading enterprises in high-end manufacturing fields such as AI and semiconductors; second, growth companies with reasonable valuations, technological barriers, and market competitiveness. Driven by the dual themes of "technological innovation + valuation repair," the Hong Kong tech sector is expected to continue generating excess returns for investors.

[Related ETFs]

Covering the Entire Technology Industry Chain — Hong Kong Stock Connect Technology ETF Fund (159101)

Focusing on Internet Leaders — Hang Seng Internet ETF (513330)