---
title: "The \"non-internet stocks\" Hong Kong Stock Connect Information Technology ETF China Merchants (526050) rose over 2%! GIGADEVICE and Aito led the gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286990425.md"
description: "The China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose 2.02% in the morning session on May 20, with constituent stocks such as GIGADEVICE and SMIC performing outstandingly. Analysis indicates that the global semiconductor market continues to grow, domestic storage leaders are accelerating their IPOs, and the outlook for the hard technology sector is optimistic. This ETF focuses on hard technology fields such as semiconductors and consumer electronics, excluding traditional internet companies, with clear value allocation"
datetime: "2026-05-20T02:06:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286990425.md)
  - [en](https://longbridge.com/en/news/286990425.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286990425.md)
---

# The "non-internet stocks" Hong Kong Stock Connect Information Technology ETF China Merchants (526050) rose over 2%! GIGADEVICE and Aito led the gains

On the morning of May 20th, the Hong Kong stock market's technology sector showed a divergence in style. As of 9:56 AM, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose by 2.02%, with active performance from constituent stocks such as GIGADEVICE, Wuyishijie, Guanghe Technology, SMIC, Innodisk, and Hua Hong Semiconductor, which saw significant gains. According to Yicai Global, the Hong Kong semiconductor sector collectively surged at the market's opening, with GIGADEVICE rising over 7%, and SMIC and Hua Hong Semiconductor both rising over 5%.

Analysis indicates that the global semiconductor market continues to grow, with a new cycle of memory expansion beginning, driven by surging demand for HBM, DDR5, and other AI-related products. The IPOs of domestic memory leaders are accelerating, the localization rate of equipment is rapidly increasing, and the long-term prosperity of the hard technology sector is assured.

The China Merchants CSI HK Connect Information Technology Composite ETF (526050) is one of the few Hong Kong technology ETFs that "excludes internet stocks." Its top ten holdings focus on hard technology leaders such as SMIC, Hua Hong Semiconductor, GIGADEVICE, Lenovo Group, and MEITUAN, excluding traditional internet platform companies, thus more purely covering the semiconductor and consumer electronics sectors. It directly benefits from the chip stock market, highlighting its allocation value

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