Following the conclusion of the Federal Reserve's rate hike cycle, global risk appetite has shown signs of a marginal rebound. With US tech stocks strengthening overnight and A-share markets recovering in early trading today, Hong Kong's technology sector is displaying notable vigor. The widely-followed Hang Seng Tech ETF HuaTai柏瑞 (513130) has seen a parallel uptick in trading activity, recording net capital inflows for three consecutive sessions with average daily turnover reaching RMB 1.79 billion during the period, underscoring its pronounced liquidity advantage. (Data window spans September 15-17, 2026; source: Wind)

On September 16, the Hong Kong SAR government unveiled its inaugural Five-Year Plan for Economic and Social Development (2026-2030). The favorable impact on Hong Kong's tech listing environment is primarily structural in nature. Revisions to the listing framework for specialty technology companies will enable a greater number of pre-profit hard-tech enterprises to go public in Hong Kong, thereby expanding the asset pool within the technology sector. Furthermore, the inclusion of the RMB counter in the Stock Connect program directly broadens the funding sources available to southbound investors, enhances currency conversion convenience, mitigates exchange rate risks, and boosts overall trading activity. Concurrently, the development of a comprehensive commodity trading ecosystem indirectly bolsters market-wide liquidity. (Sources: Shanghai Securities News and Securities Daily coverage, September 16, 2026)

Substantive progress may be imminent in the commercialization of AI large language models. On September 16, a leading domestic AI model developer disclosed during an analyst call that it has finalized revenue-sharing agreements with several prominent domestic and international cloud service providers. Revenue recognition under these agreements is scheduled to commence in October, with the operational model involving the provision of open-source models via hosted APIs on overseas cloud platforms. The company's current annualized recurring revenue (ARR) across all business segments has reached US$1.8 billion, prompting an upward revision of its year-end ARR guidance from US$2.4 billion to US$3.0 billion. Management also indicated that constraints on computing power supply have been effectively alleviated, while enterprise-level AI co-working order values have surpassed the RMB 1 billion threshold. (Source: Shanghai Securities News analyst call summary, September 16, 2026)

CLSA has released a research note reaffirming its confidence in global AI capital expenditure trends. The firm suggests that recent calls from certain overseas AI entities to "slow down development" may stem from competitive business strategies rather than substantive regulatory concerns, and does not anticipate the formation of binding industry rules. CLSA has designated a specific AI server OEM, which is a constituent of the Hang Seng Tech Index, as a preferred pick within the Chinese technology sector related to global AI capex, citing potential benefits from surging AI server demand and improved customer profitability. (Source: Yahoo Finance, September 15, 2026)

The Hang Seng Tech ETF HuaTai柏瑞 (513130), which closely tracks the Hang Seng Tech Index, brings together core technology enterprises spanning China's internet platforms, cloud computing services, and AI technology firms. The index's coverage extends across critical value chain segments, including computing infrastructure, AI model capabilities, application scenarios, and commercial monetization pathways, positioning it to benefit significantly from the rapid advancement of large language models. The top ten constituent stocks in the index comprise NetEase, Tencent Holdings, Meituan-W, Alibaba-W, Xiaomi Corporation-W, Lenovo Group, BYD Company, SMIC, JD.com-SW, and Baidu-W. (Data source: Wind, Hang Seng Indexes Company, as of September 17, 2026; constituents shown solely to illustrate index composition and do not constitute individual stock recommendations or investment advice)

Regarding the holder base, the 2026 interim fund report indicates that Hang Seng Tech ETF HuaTai柏瑞 (513130) has amassed 446,600 holder accounts, a figure that reflects its strong recognition and popularity among a broad spectrum of investors. For off-exchange investors, the HuaTai柏瑞 Hang Seng Tech ETF feeder funds (Class A: 015310 / Class C: 015311) offer an accessible alternative. (Data source: 2026 interim fund report, as of June 30, 2026)

As one of the first ETF managers in China, HuaTai柏瑞 Fund has cultivated deep expertise in index investing for over 19 years. The firm offers investors transparent, easily tradable, and cost-effective index tools including the CSI 300 ETF HuaTai柏瑞 (510300) and the A500 ETF HuaTai柏瑞 (563360). As of the end of June 2026, the company's ETF products have generated cumulative profits exceeding RMB 180.6 billion for holders over the preceding two years. (Profit data derived from the "current period profit" metric in fund periodic reports, covering July 1, 2024 through June 30, 2026, calculated by HuaTai柏瑞)

It is important to note that the Hang Seng Tech ETF HuaTai柏瑞 and its feeder funds carry a risk rating of R4, while the CSI 300 ETF HuaTai柏瑞 and A500 ETF HuaTai柏瑞 carry a risk rating of R3. Risk ratings assigned by distribution institutions may vary based on their respective investor suitability assessments. When subscribing or redeeming fund shares, authorized participating dealers may charge commissions of up to 0.5%, which includes fees levied by securities exchanges and registration agencies. These details are extracted from product legal documents as of September 17, 2026. For secondary market transactions, commission rates are determined by the executing broker, and stamp duty is exempt. For the HuaTai柏瑞 Southern East Ying Hang Seng Tech Index Feeder Fund (QDII) Class A shares, subscription fees are tiered as follows: 1.2% for amounts below RMB 1 million, 0.6% for amounts between RMB 1 million and RMB 2 million (exclusive), 0.4% for amounts between RMB 2 million and RMB 5 million (exclusive), and RMB 1,000 for amounts of RMB 5 million and above. Class C shares carry no subscription fee. Redemption fee schedules are as follows for both share classes: 1.5% for holding periods under 7 days; for Class A, 0.5% for holding periods between 7 (inclusive) and 30 (exclusive) days, while Class C incurs no fee in this window; and 0% for holding periods of 30 days or longer for both classes. The sales service fee is 0% for Class A and 0.25% per annum for Class C. These particulars are from the product's legal documents as of September 17, 2026.

In terms of performance history, the Hang Seng Tech ETF HuaTai柏瑞 was established on May 24, 2021, posting returns of -30.24% for the period spanning inception to end-2021, followed by -21.43% (2022), -8.89% (2023), 21.13% (2024), 18.98% (2025), and -21.73% (H1 2026). Its benchmark, the Hang Seng Tech Index return (converted using valuation exchange rates), recorded corresponding figures of -30.25%, -20.46%, -7.51%, 21.29%, 20.41%, and -22.03% over the same periods. Fund managers have included Qi He (May 24, 2021 – October 22, 2025) and Jun Liu (since May 24, 2021). The HuaTai柏瑞 Hang Seng Tech Feeder Fund (QDII) Class A/C was established on August 23, 2022. Class A delivered returns of -8.92%, 21.76%, 16.82%, and -20.97% for 2023, 2024, 2025, and H1 2026, respectively; Class C correspondingly returned -9.14%, 19.69%, 16.89%, and -21.09%. The feeder fund's benchmark, calculated as 95% of the Hang Seng Tech Index return (using valuation exchange rates) plus 5% of the bank demand deposit rate (after tax), changed by -6.91%, 20.45%, 19.67%, and -20.98% in the same periods. Jun Liu has served as fund manager since inception. All performance data is sourced from fund periodic reports.

Risk disclosure: Mutual funds carry inherent risks, and investment decisions should be made with caution. Prospective investors should review investor suitability regulations, complete risk assessments in advance, and select fund products that match their individual risk tolerance levels. Past fund performance does not necessarily indicate future results, and the performance of other funds managed by the same investment manager does not guarantee the performance of any particular fund. Investors should carefully review the fund contract, prospectus, and product summary documents to fully understand the specifics of the fund before investing. This product may invest in overseas securities markets and, in addition to general market volatility risks similar to those of domestic securities investment funds, will face special risks including exchange rate fluctuations and risks inherent to overseas securities markets. The Hang Seng Tech Index is compiled and published by Hang Seng Indexes Company Limited, which holds all ownership rights. While Hang Seng Indexes takes all necessary measures to ensure index accuracy, it makes no warranties and accepts no liability for any errors in the index. Other indices are compiled by China Securities Index Company, which retains ownership rights.