The Stock Connect Internet ETF E Fund (513040) gathered over 470 million in the past week, with the underlying index rising by 1.32%

As of 13:05, the CSI HK Stock Connect Internet Index (931637) rose by 1.32%; among its constituent stocks, Meituan-W rose 5.38%, Yixin Group rose 2.92%, Tuniu rose 2.33%, Ping An Good Doctor rose 2.12%, XD Inc. rose 2.05%, Tencent Holdings rose 1.91%, while Dongfang Zhenxuan fell 2.94%, Kingdee International fell 2.83%, Paradigm Intelligence fell 2.18%, and China Literature fell 1.74%.

Data shows that the E Fund HK Stock Connect Internet ETF (513040), which tracks the CSI HK Stock Connect Internet Index, recorded a net capital inflow of 82.2962 million yuan in the previous trading day. As of the previous trading day, the fund had a cumulative net inflow of 471 million yuan over the past week, 682 million yuan over the past month, and 10.232 billion yuan over the past year.

In terms of news, a special meeting on the promotion of application of the "Artificial Intelligence Agent Interconnection" series standards was held recently. During the application cooperation signing session, representatives from companies and research institutes such as Meituan, Zhipu Huazhang, and Qunar Travel attended to sign agreements. Relying on their own industry resources and technological advantages, they took the lead in carrying out national standard pilot applications, driving the entire industry to accelerate adaptation to a unified agent interconnection infrastructure.

According to data from Sensor Tower, global players' spending on mobile games via the App Store and Google Play reached $6.1 billion in June this year, a 7% decrease month-on-month.

Citi predicts that Tencent's domestic game revenue in the second quarter will grow by 8% year-on-year and decline by 3.9% quarter-on-quarter, and believes that quarterly fluctuations do not affect the fundamental strength of the company's gaming business.

A research report from Guoyuan International points out that continuous large-scale net inflows of southbound funds through the Stock Connect indicate enhanced confidence among domestic capital in allocating to leading Hong Kong-listed internet companies. Looking ahead, the outlook for the full year during the interim results period and whether CAPEX can remain sustained will be key factors. Although the sector is likely to continue showing a volatile pattern in the short term, the valuation pressure on internet AI application ends has been continuously easing.

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 only 19.23 times, placing it at the 4.34th percentile since the index's inception, meaning the valuation is lower than 95.66% of the periods since the index was established.

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 Stock Connect as index samples. The top five weighted stocks include Alibaba, Tencent Holdings, Xiaomi Group, Meituan, and SenseTime, accounting for nearly 60% of the total weight, with a high proportion of Hong Kong tech giants.