This week, the CSI HKSE Healthcare Index rose 2.2%, while the Hang Seng HKSE New Economy Index fell 3.4%, the CSI HKSE Internet Index dropped 3.4%, the CSI HKSE Consumer Theme Index declined 4.3%, and the Hang Seng Tech Index decreased 4.9%. Wind data shows that as of yesterday, the E Fund Hang Seng Tech ETF (513010) attracted nearly RMB 900 million in net inflows this week, with its AUM exceeding RMB 13 billion—a record high.

CITIC Securities’ research report stated that after some A-share sectors with solid fundamentals and growth potential experienced rapid short-term gains, the previously lagging Hong Kong market once again highlights its valuation advantage. Given the significant allocation pressure on long-term funds, such as insurance capital, even as HIBOR rates in Hong Kong rebound and the HKD remains near the weak side of its peg to the USD, the Hong Kong market will not lack incremental capital. Therefore, now is an opportune time to increase allocations to Hong Kong stocks.