---
title: "A sharp decline of 4%, Hwabao CSI HK Equities Internet ETF (513770) has reached a new low in the downward phase, MEITUAN-W fell over 6%, institutions: \"the darkest hour\" has passed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287864176.md"
description: "As of May 28, 2026, Hwabao CSI HK Equities Internet ETF (513770) has fallen by 3.68%, with the latest price at 0.366 yuan. MEITUAN-W dropped over 6%, and JD Health and Bilibili-W also experienced declines. The valuation of the Hong Kong stock internet ETF is at a historical low, with the latest price-to-earnings ratio at 19.28 times, indicating a sluggish market state. Institutions believe that the \"darkest moment\" has passed"
datetime: "2026-05-28T05:32:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287864176.md)
  - [en](https://longbridge.com/en/news/287864176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287864176.md)
---

# A sharp decline of 4%, Hwabao CSI HK Equities Internet ETF (513770) has reached a new low in the downward phase, MEITUAN-W fell over 6%, institutions: "the darkest hour" has passed

As of May 28, 2026, 13:28, the Hong Kong Stock Internet ETF Hwabao (513770) fell by 3.68%, with the latest price reported at HKD 0.366 and a turnover rate of 6.28%.

The Hong Kong Stock Internet ETF Hwabao (513770) closely tracks the Hong Kong Stock Connect Internet Index. Among the weighted stocks in the index, MEITUAN-W rose by 2.17%, JD Health fell by 4.08%, Bilibili-W fell by 3.99%, and Xiaomi Group-W fell by 2.68%. The CSI Hong Kong Stock Connect Internet Index selects 30 listed companies involved in internet-related businesses from the Hong Kong Stock Connect range as index samples to reflect the overall performance of internet-themed listed companies within the Hong Kong Stock Connect.

Data shows that the latest scale of the Hong Kong Stock Internet ETF Hwabao (513770) reached HKD 8.832 billion, with the latest share count at 22.976 billion shares.

As of the previous trading day, the net inflow of main funds into the Hong Kong Stock Internet ETF Hwabao (513770) was HKD 55.6554 million.

The latest data indicates that the top ten weighted stocks in the Hong Kong Stock Connect Internet Index are Alibaba-W, Tencent Holdings, Xiaomi Group-W, MEITUAN-W, Beike-W, SenseTime-W, Kuaishou-W, JD Health, Bilibili-W, and Kingdee International.

From a valuation perspective, the Hong Kong Stock Internet ETF Hwabao (513770) tracks the Hong Kong Stock Connect Internet valuation, which is at a historical low, with the latest price-to-earnings ratio (PE-TTM) at only 19.28 times, placing it at the 3.55% percentile since the index's inception, indicating that the valuation is lower than 96.45% of the time since the index was established.

Hong Kong Stock Internet ETF Hwabao (513770), off-exchange connections (017126.OF, 017125.OF)

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