Hong Kong stocks showed consecutive rebound momentum, with the Hang Seng Technology ETF (520570) under Nanfang Fund closing higher, rising nearly 2%

As of March 17, 2026, 10:59 AM, the Hang Seng Tech ETF South (520570) rose nearly 2% at one point, currently up 1.31%, with a turnover rate of 3.78% and a transaction volume of 111 million yuan. It tracks the Hang Seng Tech Index (HSTECH), which surged 1.71%.

Driven by capital inflows and a rebound in risk appetite, the Hong Kong stock market has experienced a continuous rally, with the three major indices strengthening simultaneously and market sentiment significantly improving. Industry insiders believe that the Hong Kong stock market has always been dominated by foreign investment, with a cautious and pragmatic investment style. Most funds tend to place orders after the full fiscal year’s performance is confirmed. As several Hong Kong-listed companies are scheduled to disclose their earnings at the end of this month, institutional funds that have been on hold are expected to gradually enter the market. A large amount of capital is accelerating southward through public ETF channels, with some Hang Seng Tech ETF products seeing their shares increase approximately sixfold in four months.

Zhang Qisi, fund manager of Southern Fund Hang Seng Tech ETF (520570), pointed out that the valuation advantage of the Hang Seng Tech Index is currently significant. Both the funding environment and policy support are positive. In terms of the tech fundamentals, the commercialization process of AI is accelerating. Under the combined effects of low valuation, capital inflows, industry upgrades, and policy improvements, the medium- to long-term recovery potential of the Hang Seng Tech Index is confidently optimistic. Zhang emphasized that since the beginning of the year, the adjustment in Hong Kong stocks has mainly been disturbed by sentiment and overseas liquidity fluctuations, not by deterioration in fundamentals. In 2026, the global monetary cycle remains accommodative, domestic fiscal support continues, and the liquidity environment continues to favor the Hong Kong tech sector.

The Hang Seng Tech ETF South (520570) closely tracks the Hang Seng Tech Index, covering 30 large-cap, highly liquid tech companies listed in Hong Kong. It is an important tool for capturing the trend of the Hong Kong tech sector. With the index valuation entering a historically low range, sustained southbound capital inflows, accelerated AI commercialization, and marginal policy environment improvements, the long-term recovery space remains worth continuous attention. Off-market connect funds: Class A 020988; Class C 020989.