"Bottom-fishing" funds surge! The only Hong Kong stock information technology ETF in the entire market (159131) dropped over 2.6% at one point, with net purchases skyrocketing to 59 million shares

This afternoon (March 19), Hong Kong stocks in the hardware technology sector continued to weaken. Among the 45 constituent stocks of the Hong Kong Stock Connect Information C Index, only 4 are in the green, with Xiaomi Group-W once surging nearly 6% against the market trend. The only Hong Kong Information Technology ETF (159131) in the market briefly fell more than 2.6%, now down 1.85%. “Bottom-fishing” funds are accelerating inflows, with real-time net subscriptions quickly rising to 59 million shares!

On the news front, Xiaomi’s new generation SU7 will be officially launched tonight at 7 PM. China Auto Data Research released the TOP40 domestic SUV sales list for February 2026, with Xiaomi YU7 ranking second with sales of 20,100 units, surpassing Model Y.

Galaxy Securities analysts believe that the resilience of Hong Kong stocks comes from their valuation discount, attracting risk-averse funds seeking certainty. Looking ahead to the next six months, consumer discretionary is currently the sector with the strongest performance growth and profitability among all Hong Kong stock sectors. The financial sector has ample safety margins, and the technology sector has shown dual attributes amid this turbulence.

Focusing directly on the Hong Kong chip super cycle! The T+0 Hong Kong chip industry chain ETF—the only market-wide ETF focusing on the “Hong Kong chip” industry chain, the Hong Kong Information Technology ETF (159131)—its target index consists of “70% hardware + 30% software,” heavily weighted in Hong Kong stocks in “semiconductors + electronics + computer software,” covering 45 Hong Kong hardware tech companies. Among them, SMIC has a weight of 14.07%, Xiaomi Group-W 12.41%, and Huahong Semiconductor 7.47%. Excluding large-cap internet companies like Alibaba, Tencent, and Meituan, the ETF has higher focus and is more likely to capture the AI hardware tech rally in Hong Kong stocks. (As of March 11, 2026)

Data source: China Securities Index Co., Ltd., Shanghai and Shenzhen Stock Exchanges.

Note: “The only” refers to the only ETF tracking the CSI Hong Kong Stock Connect Information Technology Composite Index.

Institutional opinion source: China Merchants Securities “NVIDIA GTC 2026 Tracking Report”;

Fund fee note: The Hong Kong Information Technology ETF’s subscription and redemption agency may charge a commission of up to 0.5%. On-market trading fees are based on the actual charges by securities firms. No sales service fee is charged.

Risk warning: The Hong Kong Stock Connect Information Technology ETF passively tracks the CSI Hong Kong Stock Connect Information Technology Composite Index, which was established on November 14, 2014, and published on June 23, 2017. The index components in this material are for display only; individual stock descriptions are not investment advice and do not represent holdings or trading trends of any fund managed by the manager. This product is issued and managed by Huabao Fund, with distribution handled by agents who do not assume investment, redemption, or risk management responsibilities. Investors should carefully read the “Fund Contract,” “Prospectus,” “Fund Product Summary,” and other legal documents to understand the fund’s risk-return characteristics and choose products suitable for their risk tolerance. Past performance does not predict future results; the performance of other funds managed by the fund manager does not guarantee the fund’s future performance. Investment in funds should be cautious! The fund’s risk level, assessed by the manager, is R4—moderately high risk, suitable for active investors (C4) and above. Sales institutions (including the fund manager’s direct sales channels and other sales agencies) evaluate the fund’s risk according to relevant laws and regulations. Investors should pay attention to the suitability opinions issued by sales agencies and rely on their matching results. Different sales agencies may have differing opinions on suitability, and the risk level assessments provided by sales agencies should not be lower than those made by the fund manager. The fund contract may specify different risk-return characteristics and risk levels due to differing considerations. Investors should understand the fund’s risk-return profile, consider their investment goals, time horizon, experience, and risk tolerance, and choose funds carefully, bearing the risks themselves. The China Securities Regulatory Commission’s registration of this fund does not imply any substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks; investments should be cautious.

MACD Golden Cross signals formed, these stocks are on a good upward trend!