Likes ReceivedStock Connect Tech ETF GF (159262) rose more than 3%, achieving three consecutive gains, and attracted over 300 million in capital yesterday.
Geopolitical tensions show signs of easing, with the US President stating that the Iran war is "very close to ending," leading to a positive market reaction. Overnight, US stocks saw the Nasdaq index rise for 11 consecutive trading days, hitting a new all-time closing high; the Nasdaq Golden Dragon China Index closed up 0.75% on Wednesday, strengthening for the fourth consecutive trading day.
On April 16, Hong Kong stocks opened higher and continued to rise, with large-cap tech stocks, AI applications, and internet concepts leading the gains. As of 15:41, the GF Hong Kong Stock Connect Technology ETF (159262) tracked Hang Seng Stock Connect Technology Theme Index rose 3.41%. Constituent stock DeepTech surged over 26%, Kingdee International rose over 9%, Alibaba gained over 5%, Meitu Inc. climbed over 4%, and Tencent Holdings increased over 3%.
Entering 2026, global computing power demand is experiencing explosive growth. Major domestic cloud service providers have joined the price hike trend: Alibaba Cloud announced on April 15 that it would adjust prices for some model unit services on its Bailian large model service platform, with increases ranging from 2% to 5%; Tencent Cloud also issued an announcement on April 9, stating that it would raise the list prices for core products like AI computing power starting May 9.
The commercialization process of AI at the application layer is also accelerating. Kingdee International recently issued a voluntary announcement, highlighting the significant results of its "AI First, Subscription First, Globalization" strategy. As of March 31, 2026, its Annual Recurring Revenue (ARR) from subscription services reached 4.22 billion yuan, a year-on-year increase of approximately 19%. Similarly impressive is Meitu Inc., whose products like Meitu XiuXiu and Airbrush, leveraging the advantages of AI visual creativity, ranked at the top in Sensor Tower's Q1 2026 list of overseas revenue for Chinese non-gaming apps.
Industrial Securities pointed out that Hong Kong stocks may see a positive window in April. This includes global equity markets shifting from risk-off to risk-on in the short term; as safe-haven sentiment and oil prices peak and fall, the US dollar is likely to give back its previously overly pessimistic pricing of geopolitical uncertainty and liquidity tightening; the release of Tencent's Hunyuan and DeepSeek large models, important meetings, and expectations of a US presidential visit to China are expected to reverse the pessimistic expectations currently implied in Hong Kong stock valuations.
By the close of the mainland stock market, the GF Hong Kong Stock Connect Technology ETF (159262) rose 3.01%, aiming for three consecutive gains; the fund is highly favored by capital, attracting over 300 million yesterday, with net inflows exceeding 360 million in the past five days.
The Hang Seng Stock Connect Technology Theme Index excludes pharmaceuticals, automobiles, and home appliances, focusing on the TMT sector, making its tech attributes more pure. Index constituents include leaders in the two core tech sectors of AI and semiconductors, such as Tencent Holdings, Alibaba, SMIC, and Hua Hong Semiconductor, making it a pure AI+Semi play.
From 2021 to 2025, the annual performance of the Hang Seng Stock Connect Technology Theme Index consistently outperformed the Hang Seng Tech Index, falling less during the bear market (2021-2023) and rising more during the bull market (2024-2025). Moreover, the Hang Seng Stock Connect Technology Theme Index surged over 36% and over 27% in 2024 and 2025, respectively, delivering 18 and 4 percentage points of excess return compared to the Hang Seng Tech Index, and 24 and 9 percentage points of excess return compared to the Shanghai Composite Index.
GF Hong Kong Stock Connect Technology ETF (159262) - Hard tech in Hong Kong stocks, a pure AI+Semi play, with off-exchange feeder funds (Class A: 025197; Class C: 025198).
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