Hong Kong Stock Concept Tracking| Overseas Funds Frenzy for Chinese Technology Stocks Internet Giants Become the First Choice (Concept Stocks Attached)

With DeepSeek gaining popularity, overseas funds are pouring into Chinese technology ETFs. Data shows that recently, overseas-listed Chinese internet technology ETFs have seen a significant increase in funds. Among them, the daily inflow of funds into CQQQ hit a new high in more than three years; the KWEB, which tracks the Chinese internet index, has attracted over 10 billion yuan in funds since the Year of the Snake, and another internet index fund CWEB also recently reached a new high in daily inflows. Jefu Rui believes that the AI theme is expected to kick off a new round of growth in Chinese internet stocks. The industry's valuation seems not high, and stock prices are also lower compared to overseas peers. Morgan Stanley predicts that the MSCI China Index will rise to 77 by the end of 2025. A CITIC SEC research report indicates that market trading volume is rising, thematic trading is active, and from the perspective of catalytic factors, the focus is on the capital expenditure expansion cycle of internet companies and the accelerated application of AI in industries. In the short term, positive signals from private enterprise symposiums may drive a strong market trend before the two sessions, benefiting internet giants the most. Jefu Rui analysts wrote in a report that the artificial intelligence theme is expected to kick off a new round of growth in Chinese internet stocks. The industry's valuation seems not high, and stock prices are lower compared to overseas peers, but Jefu Rui's view on the industry is more optimistic currently because, in addition to technological applications, companies are also pursuing advanced technologies and cost-effective models. Most large and medium-sized enterprises under the artificial intelligence theme have recently either met or exceeded expectations in their performance. Leading internet companies in the Hong Kong stock sector: TENCENT (00700), ALIBABA-SW (09988), MEITUAN-W (03690), JD-SW (09618), TRIP.COM-S (09961), KUAISHOU-W (01024), etc.