Geopolitical easing, Huabao Fund Hong Kong stocks internet ETF (513770) rises nearly 2%, Alibaba may release major chip targeting computing power demands

Trump announces suspension of “bombing Iranian power plants,” overnight Chinese concept stocks halt declines and close higher. On March 24 morning, the Hang Seng Index and Hang Seng Tech Index opened higher collectively, with internet giants all gaining strength. Meituan-W surged 3%, Alibaba-W, Tencent Holdings, and Xiaomi Group-W rose over 1%. Hong Kong stock AI core tool — Hong Kong Internet ETF (513770) — intraday price is up 1.91%.

In news, Alibaba Damo Academy will release an important chip product today, potentially targeting the AI Agent computing power demand that exploded this year. According to last week’s earnings call, Alibaba’s self-developed GPU chips by Pingtouge have achieved mass production, with a total of 470,000 units delivered as of February this year. Alibaba Group Chairman Joe Tsai recently announced that Alibaba is fully entering the AI era of intelligent agents.

Zhejiang Securities pointed out that Hong Kong tech stocks are temporarily suppressed by geopolitical tensions and are expected to fluctuate within a range. Investors should remain patient and wait for market stabilization signals. From a quarterly perspective, the overall market still holds the outlook for a “systemic slow bull,” and structural allocation opportunities amid volatility can be focused on.

Additionally, by 2026, the most representative internet industry in Hong Kong stocks is expected to see a profit turning point amid a stabilized competitive landscape, which will directly boost the overall corporate earnings growth rate in the Hong Kong market and significantly enhance market confidence.

Grasping the 2026 AI commercialization year one, focus on Hong Kong stock AI core tools. The Hong Kong Internet ETF (513770) and its linked funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Stock Connect Internet Index. The top ten holdings include Alibaba-W, Tencent Holdings, Xiaomi Group-W, Kuaishou-W, Bilibili-W, and other tech giants and AI application companies across various fields. Leading advantages are prominent, with T+0 trading within the day and good liquidity.

Interested in Hong Kong tech stocks but want to reduce volatility? You can also consider the Hong Kong Top 30 ETF (520560) — the first of its kind in the market — which employs a “tech + dividend” dumbbell strategy. Its heavy holdings include high-elasticity tech stocks like Alibaba, Tencent Holdings, as well as stable high-dividend stocks like China Construction Bank, Ping An Insurance. It’s an ideal long-term core holding tool for Hong Kong stocks.

Reminder: Market fluctuations may be significant recently, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own financial situation and risk tolerance, paying close attention to position sizing and risk management.

Data sources: Shanghai and Shenzhen Stock Exchanges, etc.

Institutional views: Everbright Securities 20260311 “OpenClaw ushers in a new era for Agent, Hong Kong tech returns to AI growth mainline”; Galaxy Securities 20260302 “Focusing on the ‘14th Five-Year Plan,’ how to grasp structural opportunities in Hong Kong stocks?”

ETF fee-related notes: When subscribing or redeeming fund units, agents may charge a commission up to 0.5%, including fees from stock exchanges, registries, etc. Fee details for linked funds: Huabao CSI Hong Kong Stock Connect Internet ETF (A class) subscription fee (front-end) is 1,000 yuan per transaction for amounts over 2 million yuan, 0.6% for 1-2 million yuan, 1% below 1 million yuan; redemption fee is 1.5% if held less than 7 days, 0% if held 7 days or more, with no sales service fee. For C class, no subscription fee, redemption fee is 1.5% if held less than 7 days, 0% otherwise; sales service fee is 0.3%.

Risk warning: The Hong Kong Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index, which was launched on December 30, 2016, and published on January 11, 2021. The index components are adjusted periodically according to the index rules. The stocks listed are for display only; descriptions do not constitute investment advice and do not reflect holdings or trading trends of any fund managed by the manager. The risk level of this fund is assessed as R4 — medium-high risk, suitable for active investors (C4) and above. All information in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, or any other expressions) is for reference only. Investors are responsible for their own investment decisions. The views, analysis, and forecasts in this article do not constitute investment advice and the manager is not responsible for any direct or indirect losses caused by using this content. Performance of other funds managed by the fund manager does not guarantee future results; past performance is not indicative of future performance. Investment involves risks; please invest cautiously.