--- title: "Expectations for the closed-loop monetization of \"Cloud + Model + Application\" by major internet companies are strengthening; the Huaxia Stock Connect Internet ETF (520910) rose nearly 2.5%" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43150652.md" description: "On August 3, Hong Kong stocks opened higher and strengthened in the morning session. The Hang Seng Index rose 0.43% at the open, and the Hang Seng Tech Index rose 0.73%. Major tech stocks pulled the market up together, showing strong resilience. Hong Kong internet stocks continued to rise in the morning session; the HK Stock Connect Internet ETF Hua Xia (520910), which has one of the lowest fee tiers among similar products, is currently up 2.21%. As of July 31, the scale of the HK Stock Connect Internet ETF Hua Xia (520910) reached 514 million yuan. On the news front..." datetime: "2026-08-03T09:01:27.000Z" locales: - [en](https://longbridge.com/en/topics/43150652.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43150652.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43150652.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" generator: "portal-rs" --- # Expectations for the closed-loop monetization of "Cloud + Model + Application" by major internet companies are strengthening; the Huaxia Stock Connect Internet ETF (520910) rose nearly 2.5% On August 3, Hong Kong stocks opened higher and strengthened in the morning session. The Hang Seng Index rose 0.43% at the open, while the Hang Seng Tech Index gained 0.73%. Major tech and internet stocks pulled the market higher, showing strong resilience. The HK Stock Connect Internet sector continued its upward trend in the morning; the Huaxia HK Stock Connect Internet ETF (520910), which offers one of the lowest fee tiers among similar products, is currently up 2.21%. As of July 31, the AUM of the Huaxia HK Stock Connect Internet ETF (520910) reached RMB 514 million. In terms of news, OpenRouter's latest weekly ranking showed that Xiaomi's MiMo-V2.5 led with 10.5 trillion tokens in single-week usage, a 12% increase month-on-month, indicating a surge in commercial calls for domestic large language models. This signal reinforces expectations for internet giants to monetize their "Cloud + Model + Application" closed-loop ecosystem, providing positive traction for the re-pricing of AI within the HK internet sector. The degree of earnings realization by heavyweight stocks has become the core driver of short-term pricing. Huatai Securities pointed out that the tech rally is closer to "the initial emergence of a trading bottom," with adjustment space largely exhausted. However, the key window for a trend reversal lies after the release of interim reports in late August and Nvidia's earnings. For allocation, use dividends as a foundation, and prioritize tech rebounds around the original main themes with high earnings certainty. Institutional views align broadly with market capital flows, as AI application penetration is restructuring the commercialization path of the internet. Public data shows that the Huaxia HK Stock Connect Internet ETF (520910) tracks the CSI HK Stock Connect Internet Index, precisely covering core internet sectors such as e-commerce platforms, content ecosystems, social media, and software services. It has a high exposure to AI applications, aligning with the industrial deepening path of AI-driven upgrades to internet business models. Its constituents include leading HK internet companies expected to benefit continuously from accelerated AI penetration, such as Alibaba, Tencent Holdings, Meituan, Xiaomi Group, and Kuaishou. ### Related Stocks - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [06886.HK](https://longbridge.com/en/quote/06886.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [601688.CN](https://longbridge.com/en/quote/601688.CN.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [81024.HK](https://longbridge.com/en/quote/81024.HK.md) - [HKUD.SG](https://longbridge.com/en/quote/HKUD.SG.md) - [520910.CN](https://longbridge.com/en/quote/520910.CN.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**