The Hong Kong Large Cap 30 ETF (520560), currently the only new ETF in the entire market tracking the Hang Seng China 30 Index, has recorded net capital inflows for 5 consecutive trading days since its listing. This ETF commenced trading on the Shanghai Stock Exchange on October 13th and supports intraday "T+0" reverse trading. As of October 17th, the Hong Kong Large Cap 30 ETF had seen net capital inflows for 5 consecutive trading days, with a total net inflow reaching 24.15 million yuan. It is the only product among the new ETFs listed in October this year to have achieved net inflows for 5 consecutive trading days post-listing.

The underlying index tracked by the Hong Kong Large Cap 30 ETF (520560) and the Hong Kong Large Cap LOF Fund (Class A 501301; Class C 006355) – the Hang Seng China 30 Index – is composed of a portfolio of the 30 largest constituents by market capitalization among mainland Chinese companies listed in Hong Kong. As of October 17th, its top constituent by weight, Alibaba -W, had a latest holding proportion of 17.29%. The listing and trading of this ETF will provide investors with another innovative ETF tool to participate in and capture the investment opportunities of "China Core Assets" in the Hong Kong stock market.

Alibaba's continued strategic focus on increasing investment in hard tech and AI industries has become a market focus. As early as September 8th, Alibaba announced leading a $140 million funding round in robotics technology company "Independent Variable Robotics". These funds will be used to accelerate its global R&D in core AI and robotics technologies, product iteration, and commercial implementation. In this lead investment, Alibaba is not only injecting capital but will also deeply collaborate with Independent Variable Robotics in areas such as cloud computing, AI platforms, supply chain, and global channels, helping its technological products scale up rapidly. Cooperative projects are expected to be implemented first in scenarios like smart manufacturing, warehousing and logistics, and home service robots. On October 8th, the lead of Alibaba's Tongyi Qianwen large language model recently revealed that a small team for robotics and embodied intelligence has been formed, indicating that Alibaba is pushing Tongyi Qianwen to evolve from a pure language model towards an intelligent agent capable of "acting" in the real world.

Recently, Ark Investment, managed by star Wall Street fund manager Cathie Wood, also bought Alibaba ADRs (American Depositary Receipts) for the first time in four years. This highlights a significant turning point where leading foreign institutions are returning to invest in China's top tech companies, indicating that Chinese high-tech enterprises are regaining substantial attention and favor from international capital.