news

As of 11:15, the CSI Hong Kong Stock Connect Internet Index rose 1.6% and the Hang Seng Tech Index rose 2.3%.

Among the top ten overlapping components of the two indices, Xiaomi Group-W rose 2.4%, Meituan-W rose 1.6%, and Kuaishou-W rose 0.7%.

Wind data shows that as of the close of August 16, a total of 211 Hong Kong-listed companies repurchased shares this year, with a total repurchase amount of approximately HK$165 billion. Among them, Tencent Holdings had the highest repurchase amount, exceeding HK$60 billion; Meituan-W, Xiaomi Group-W, and Kuaishou-W also ranked in the top ten in terms of repurchase amount this year.

From the perspective of valuation, the current rolling P/E ratios of the CSI Hong Kong Stock Connect Internet Index and the Hang Seng Tech Index are less than 25 times, and the valuations are around the 10th percentile since the index was released, attracting market attention.

Products such as the Hong Kong Stock Connect Internet ETF (513040) and the Hang Seng Tech 30 ETF (513010) track the CSI Hong Kong Stock Connect Internet Index and the Hang Seng Tech Index respectively, which can help investors invest in leading Hong Kong Internet stocks.

Daily Economic News