- The recent transformation in Hong Kong's stock market reveals a shift from traditional internet platforms to a focus on supply chains and essential service infrastructures.
- Companies like China Civil Aviation Information Network (696.HK) and China People's Insurance Group (1339.HK) exemplify how businesses are becoming vital intermediaries in their sectors, leveraging technology to enhance pricing power and stabilize cash flows.
- As the demand for AI computing power rises, sectors like semiconductors see significant growth, illustrating that true profitability is migrating upstream to hardware suppliers within the evolving platform ecosystem.
