Hong Kong Stock Tech 50 ETF subscription surges over 3% intraday

As of 13:45 on March 25, the Shanghai Composite Index increased by 1.31%, the Shenzhen Component Index rose by 2.05%, and the ChiNext Index gained 2.15%. The sectors leading the gains include telecommunications services, precious metals, and communication equipment.

In terms of ETFs, the Hong Kong Stock Technology 50 ETF managed by China Merchants (159750) temporarily rose by 3.24% during the trading session. The constituent stock Hongteng Precision Technology (06088.HK) surged over 10%. Other stocks such as Kingsoft Cloud (03896.HK), CloudWalk Technology (09678.HK), Goertek (01415.HK), ASMPT (00522.HK), Li Auto-W (02015.HK), Kelun Bote Bio-B (06990.HK), GDS Holdings (09698.HK), SenseTime-W (00020.HK), SMIC (00981.HK), and others also increased.

Tracking the Hong Kong Tech Index (CNY), it fully covers the “Top 10 Chinese Tech Stocks” — Alibaba, JD.com, Geely Auto, BYD, Xiaomi, Tencent, NetEase, Baidu, Meituan, and SMIC. In the AI application layer, Hong Kong tech stocks also have comprehensive coverage, including rich application scenarios in smart vehicles, medical healthcare, and smart hardware.

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