--- title: "The fundamentals of the sector are solid, with continuous capital allocation, and the Ping An Hang Seng SCHK Technology ETF's pullback is receiving significant attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/280948654.md" description: "As of March 30, 2026, the Hang Seng Stock Connect Technology Theme Index fell by 3.02%, while the Ping An Stock Connect Technology ETF dropped by 3.16%. Despite the overall market decline, leading Hong Kong technology companies are sending positive signals regarding their AI strategies, with expectations to increase investments in AI infrastructure in 2026. Huayuan Securities pointed out that key technology companies are generally strengthening their AI business guidance, with AI Agents becoming the focus of their ecological strategies. The Ping An Stock Connect Technology ETF closely tracks the Hang Seng Stock Connect Technology Theme Index, reflecting the performance of related Hong Kong-listed companies" datetime: "2026-03-30T02:34:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280948654.md) - [en](https://longbridge.com/en/news/280948654.md) - [zh-HK](https://longbridge.com/zh-HK/news/280948654.md) --- # The fundamentals of the sector are solid, with continuous capital allocation, and the Ping An Hang Seng SCHK Technology ETF's pullback is receiving significant attention As of March 30, 2026, 10:14 AM, the Hang Seng Stock Connect Technology Theme Index (HSSCITI) fell by 3.02%. In terms of constituent stocks, Kingsoft Cloud led the decline with a drop of 7.94%, Meitu Inc. fell by 7.19%, Jiufang Zhitu Holdings decreased by 6.10%, Innolux Corporation dropped by 5.63%, and ASMPT fell by 5.36%. The Hong Kong Stock Connect Technology ETF Ping An (159152) decreased by 3.16%, with the latest quote at HKD 0.77. In terms of liquidity, the Hong Kong Stock Connect Technology ETF Ping An had a turnover of 1.75% during the day, with a transaction volume of HKD 13.5737 million. Looking at a longer time frame, as of March 27, the average daily transaction volume of the Hong Kong Stock Connect Technology ETF Ping An over the past week was HKD 50.5181 million. Today, the overall market experienced a significant decline, and Hong Kong tech stocks underwent fluctuations and adjustments. However, from a fundamental perspective, leading Hong Kong tech companies are set to disclose their 2025 annual reports, with Tencent Holdings, Alibaba, Meituan, Kuaishou, and Bilibili all sending clear signals regarding their AI strategies: they will continue to increase investments in AI infrastructure in 2026 and accelerate the optimization of AI efficiency in core business scenarios such as gaming, advertising, and content generation. At the same time, Agent capabilities are widely regarded as a key pivot for the next stage of ecological competition, with super apps like WeChat, Douyin, and Kuaishou transitioning from model invocation to real digital environment execution. Huayuan Securities pointed out that key Hong Kong tech companies are generally strengthening their AI business guidance in their 2025 annual reports: Tencent, Alibaba, Kuaishou, and Bilibili have all clearly identified AI Agents as the focus of their ecological strategies, with super apps like WeChat/Yuanbao, Douyin, and Kwai extending from software platforms to terminal carriers. Alibaba's JVS Claw is laying out a "shrimp farming" cloud computer, while Tencent Yuanbao is deepening C-end product integration, reflecting that AI competition has entered a new stage of "model + platform + terminal" comprehensive closed loop. Meanwhile, the exploration of the AI + companionship + gamification paradigm is beginning to show results, and related products, if exceeding expectations, are likely to trigger a revaluation of value. The Hong Kong Stock Connect Technology ETF Ping An closely tracks the Hang Seng Stock Connect Technology Theme Index, which aims to reflect the performance of Hong Kong-listed companies related to technology themes that can be traded through the Stock Connect. Data shows that as of March 27, 2026, the top ten weighted stocks in the Hang Seng Stock Connect Technology Theme Index (HSSCITI) are Tencent Holdings, Xiaomi Group-W, Alibaba-W, Meituan-W, SMIC, Kuaishou-W, Horizon Robotics-W, Hua Hong Semiconductor, Lenovo Group, and SenseTime-W, with the top ten weighted stocks accounting for a total of 80.1%. The Hong Kong Stock Connect Technology ETF Ping An (159152) has off-exchange connections (Ping An Hang Seng Stock Connect Technology Theme ETF Initiated Connection A: 025525; Ping An Hang Seng Stock Connect Technology Theme ETF Initiated Connection C: 025526) Risk Warning: Funds carry risks, and investment should be cautious. The fund manager promises to manage and utilize fund assets based on the principles of honesty, credit, diligence, and responsibility, but does not guarantee that this fund will definitely make a profit, nor does it guarantee a minimum return. The fund manager reminds investors of the "buyer bears the risk" principle in fund investments. After making investment decisions, the investment risks arising from the fund's operating conditions and changes in the fund's net value are borne by the investors themselves. The past performance of the fund and its net value does not indicate its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Investors purchasing funds may share in the profits generated by the fund's investments according to their holdings, but they may also bear the losses arising from the fund's investments. Investors should carefully read the "Fund Contract," "Prospectus," and other legal documents of the fund to fully understand the risk-return characteristics and product features of this fund, and judge whether the fund is suitable for the investor's risk tolerance based on their investment objectives, investment horizon, investment experience, asset status, etc., rationally assess the market, and make cautious investment decisions. The relevant information in this material comes from publicly available sources deemed reliable by the fund manager, and the relevant opinions, assessments, and forecasts reflect current judgments, which may change in the future. Any market opinions contained in this material are based on corresponding assumptions, and any assumptions may change at any time. The fund manager does not promise or guarantee that any predictive market opinions will necessarily be realized. The individual stocks mentioned in the material do not constitute investment recommendations or advice. The fluctuations in the secondary market of ETF funds do not represent the actual return rate of the fund; investors should pay attention to the risks of price fluctuations in the market ### Related Stocks - [159152.CN](https://longbridge.com/en/quote/159152.CN.md) - [159262.CN](https://longbridge.com/en/quote/159262.CN.md) - [520670.CN](https://longbridge.com/en/quote/520670.CN.md) ## Related News & Research - [AI face is taking over — and driving plastic surgeons crazy](https://longbridge.com/en/news/286641783.md) - [OPENAI: OPENAI IS COLLABORATING WITH AI LEAP, THE UNIVERSITY OF TARTU, AND STANFORD](https://longbridge.com/en/news/287035011.md) - [Here's how Kevin O'Leary and Big Tech can solve the AI data center backlash](https://longbridge.com/en/news/286808041.md) - [Jack Antonoff tells people who are making AI art to 'drive right off that cliff'](https://longbridge.com/en/news/286592426.md) - [Universal Digital Inc. 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