Express News | The Hong Kong stock market rebounded with volatility, and the benchmark index of the Hang Seng Tech ETF (513040) managed by E Fund rose more than 2%.
New funds are channeling into the Hong Kong stock market via funds, with the number of newly issued products doubling and existing ETFs attracting 61.1 billion yuan.
① The public offering industry has established 45 new Hong Kong stock-themed funds within the year, with the scale of new issuances increasing by more than 90% year-over-year; ② Among existing ETFs, the Hang Seng Tech ETF has become the main fund attractor, with net inflows exceeding 50 billion yuan.
A New Landscape of A+H Technology from the ETF Perspective
Since the beginning of 2026, indices have been experiencing repeated fluctuations, with clear acceleration in the rotation of short-term hotspots. Market sentiment rises quickly but also fades rapidly. If judged solely by gains or losses and short-term performance, it is easy to conclude that the market lacks a clear main theme and direction remains uncertain. However, this perception largely stems from outdated frameworks of observation. By shifting perspective away from individual stocks and themes, and instead examining capital flows and structural changes at the ETF level, a completely different picture emerges: the market is not without direction, but is instead accommodating multiple directions simultaneously. A subtle yet continuously strengthening transformation is underway: the evolving preferences of capital.