The Stock Connect Internet ETF E Fund (513040) attracted over 10 billion in the past year

As of 13:09, the CSI HK Stock Connect Internet Index (931637) rose by 0.04%, following a 3.32% gain yesterday; among constituent stocks, Quzhi Group rose 3.49%, Mobvista rose 2.97%, SenseTime-W rose 2.94%, ZhongAn Online rose 2.66%, and Chiceoo rose 2.57%, while Beike-W fell 1.17%, Meituan-W fell 0.98%, Tencent Holdings fell 0.75%, Xiaomi Group-W fell 0.72%, and JD Health fell 0.16%.

Data shows that the E Fund HK Stock Connect Internet ETF (513040), which tracks the CSI HK Stock Connect Internet Index, has been favored by capital,

recording a net inflow of 198 million yuan in the previous trading day. As of the previous trading day, the fund had a total net inflow of 381 million yuan over the past week and a total net inflow of 10.12 billion yuan over the past year.

Large models are being released intensively, with both performance and implementation accelerating on two fronts. Alibaba released the real-time voice interaction model Qwen-Audio-3.0-Realtime; Moonshot AI open-sourced Kimi K3 with 2.8 trillion parameters, whose performance approaches that of leading overseas models. On the invocation side, Tencent's Hy3 topped the global invocation volume list on OpenRouter.

Soochow Securities stated that externally, global capital is shifting from the relatively high-valuation Korean and Japanese markets to the low-valuation Hong Kong stock market, leading to short covering in Hong Kong stocks. At the industry level, AI computing hardware remains in the emotional recovery phase after the sharp decline. Rising market risk aversion, combined with positive signals from the consecutive releases of new-generation large models by Tencent, Meituan, and Zhipu, has driven a broad rise in downstream AI applications.

From a valuation perspective, the latest P/E ratio of the HK Stock Connect Internet Index tracked by the E Fund HK Stock Connect Internet ETF (513040) is 20.36 times, placing it at the 7.28th percentile since the index's inception, meaning the valuation is lower than 92.72% of the periods since its establishment.

The E Fund HK Stock Connect Internet ETF (513040) closely tracks the CSI HK Stock Connect Internet Index, which selects securities of 30 listed companies involved in internet-related businesses within the scope of the HK Stock Connect as index samples. The top five weighted stocks include Alibaba, Tencent Holdings, Xiaomi Group, Meituan, and SenseTime, accounting for nearly 60% in total, with a high proportion of Hong Kong tech giants.