The Hong Kong Stock Technology ETF (513020) has risen by over 1.3%, with a net inflow of over 340 million in the past 20 days. Ant Group's explosive product has catalyzed the market!

Market dynamics show that the Hong Kong Stock Technology ETF (513020) has risen by over 1.3% within the day, indicating a significant willingness to invest funds. In the past 20 days, the net inflow of funds has exceeded 340 million yuan. On the news front, Ant Group's AI health app "Ant Afu" has become a market focus. After its release on December 15th, the app's download volume quickly climbed, and on the 16th, it entered the third place on the Apple App Chart. As of now, the monthly active user base of "Ant Afu" has exceeded 15 million, with an average daily response of over 5 million health-related questions from users, making it a phenomenal product in the AI vertical field.

At the institutional level, provide clear views on the development trends of the technology sector, especially in the field of AI. Dongwu Securities analysis points out that in the short term, technology giants are still in a white hot stage of competition in model development and import resources; From the perspective of commercial certainty, vertical agents (intelligent agents that focus on specific industries or scenarios) are easier to break through the business model loop, establish differentiated industry barriers, and have stronger development resilience compared to general agents.

Huachuang Securities provides an optimistic prediction from the dual dimensions of macro policies and industry trends: on the one hand, the Central Economic Work Conference has set a clear tone, coupled with the Hong Kong Monetary Authority following the Federal Reserve's interest rate cuts, and the subsequent recovery elasticity of low-level assets is worth looking forward to; On the other hand, the technological iteration and industrial integration in the field of AI continue to deepen. OpenAI has released GPT-5.2 to promote the closed-loop upgrade of models from question and answer interaction to value delivery. Disney's AI&IP strategic cooperation with OpenAI has become a landmark event in the industry, fully demonstrating the deep empowerment value of AI technology on the content industry. In addition, the peak season effect of the film and television industry continues, with sufficient reserves of key films during the New Year and Spring Festival seasons, which is expected to further drive the recovery of the related industry chain. Overall, driven by policy support, technological iteration, and consumer recovery, the Hong Kong stock technology sector has clear medium to long-term recovery momentum.

From the perspective of the product itself, the Hong Kong Stock Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), with core coverage of Hong Kong stock technology core assets such as the Internet, innovative drugs, and new energy vehicles, fully reflecting the characteristics of diversified technology industries and the overall performance of core technology enterprises in the Hong Kong stock market.

Performance comparison data shows that the Hong Kong Stock Connect Technology Index has a significant long-term excess return advantage. Taking the base date of 2014 to the end of October 2025 as the statistical interval, the cumulative return of the index reached 256.46%, which is close to 160% of the excess return compared to the cumulative return of 96.94% of the Hang Seng Technology Index during the same period; Meanwhile, its long-term performance also outperforms similar core indices such as the Shanghai Hong Kong Shenzhen Internet Index, Hang Seng Internet Technology Industry Index, and Hang Seng Healthcare Index.

Risk Warning: The mention of individual stocks in the article is only for industry event analysis and does not constitute any individual stock recommendation or investment advice. The short-term fluctuations of the index are for reference only and do not represent its future performance, nor do they constitute a commitment or guarantee to the fund's performance. The relevant views may be adjusted according to changes in the market environment and do not constitute any investment advice or commitment. There are differences in the risk return characteristics of different funds. Investors are advised to carefully read the legal documents of the fund, fully understand the product elements, risk levels, and profit distribution principles, choose products that match their own risk tolerance, and invest cautiously.