---
title: "Punching the Hang Seng Tech and kicking the Chinese concept internet! The Hong Kong Stock Connect Information Technology (526050) rose over 3% during the session"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287014923.md"
description: "On May 20th, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose over 3% during the trading session, with constituent stocks SMIC and Hua Hong Semiconductor surging 11.53% and 14.24%, respectively. This increase was mainly catalyzed by the large-scale expansion cycle in storage, leading to a collective explosion in the semiconductor sector, with the ETF focusing on hard technology and highlighting its allocation value"
datetime: "2026-05-20T06:16:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287014923.md)
  - [en](https://longbridge.com/en/news/287014923.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287014923.md)
---

# Punching the Hang Seng Tech and kicking the Chinese concept internet! The Hong Kong Stock Connect Information Technology (526050) rose over 3% during the session

On the afternoon of May 20th, the Hong Kong stock market's hard technology sector experienced a strong surge. As of 2:03 PM, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose by 2.89%, with an intraday increase of over 3.18%. The performance of constituent stocks was explosive—SMIC surged by 11.53%, Hua Hong Semiconductor skyrocketed by 14.24%, and Lenovo Group increased by 1.57%; Xiaomi Group-W and SenseTime-W saw slight pullbacks.

In terms of news, the Hong Kong stock semiconductor sector collectively exploded. According to Yicai Global, leading foundries such as SMIC and Hua Hong Semiconductor saw significant gains, mainly driven by the catalyst of a large cycle of storage expansion. Yangtze Memory Technologies has completed its IPO counseling filing, and the two major storage leaders are simultaneously advancing their IPOs, enhancing the certainty of orders in the semiconductor equipment and manufacturing segments. As the domestic foundry duopoly, SMIC and Hua Hong Semiconductor directly benefit from the accelerated storage expansion and domestic substitution process.

Analysis indicates that the collective explosion of the Hong Kong stock semiconductor sector, excluding tech stocks and focusing on hard technology, highlights the pure style of the China Merchants CSI HK Connect Information Technology Composite ETF (526050), which directly benefits from the chip stock market, emphasizing its allocation value. This ETF does not include tech stocks and focuses on hard technology tracks such as semiconductors and consumer electronics, today performing "punching the Hang Seng Tech and kicking the Chinese concept internet," showcasing its purity of style

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