The Hong Kong tech sector is seeing fluctuating performance! The Huatai-PineBridge (513130) Hang Seng Tech ETF supports your positioning during the pullback window for Hong Kong’s core assets.

On the morning of March 31, 2026, according to a report by a CCTV correspondent, the U.S. president told an aide that even if the Strait of Hormuz remains largely closed, he is still willing to end military action against Iran. This statement released a positive signal of de-escalation in geopolitical tensions. Risk appetite in the market improved significantly. After Hong Kong stocks opened higher as an offshore market, they then moved into a choppy pullback, driving active performance in products such as the Hang Seng Tech ETF Huatai-PineBridge (513130).

In the near term, the Hong Kong stock tech sector has shown phase-based volatility under the influence of multiple factors. On the one hand, expectations for tighter liquidity have intensified due to heightened global geopolitical disruptions. As Hong Kong stocks, as an offshore market, are highly sensitive to changes in external liquidity, the tech sector is hit more clearly by marginal shocks. On the other hand, the Hong Kong stock annual report disclosure window is currently in progress, and combined with the peak of the March restricted-share release, market expectations regarding uncertainty in tech sector performance have warmed up. Meanwhile, risk appetite in the short term has come under pressure, further amplifying sector volatility.

However, CITIC Securities said that the recent adjustment in Hong Kong stocks has only impacted market valuations and short-term risk appetite, and may not have shaken the core main theme of earnings recovery in Hong Kong stocks. From overseas liquidity, TACO recently stated that it released a signal of marginal improvement; there are signs that external liquidity and market sentiment suppression have begun to ease. At present, it may already have arrived at a configuration range worth paying attention to.

Therefore, during the pullback in the Hong Kong stock tech sector, the market has maintained a strategy of going against the trend to lay out positions. Wind data shows that, as of 2026/3/30, among the 55 trading days since the beginning of 2026 for the popular product Hang Seng Tech ETF Huatai-PineBridge (513130), 45 days saw net inflows of funds. The cumulative amount reached 14.2 billion yuan. This makes it one of the only ETFs tracking the Hang Seng Tech Index with net fund-raising exceeding 11 billion yuan in the same period, highlighting the market’s long-term confidence in the Hong Kong stock tech sector.

With the Hong Kong stock earnings report season nearing its end, after concentrated concerns about performance have been released, uncertainty is beginning to materialize. At the same time, many companies have started share repurchases in a concentrated manner, and both the number and amount of buybacks have increased significantly, providing funding support for the market. Meanwhile, the State Administration for Market Regulation issued a document to strengthen regulation against unfair competition; this may ease profit compression caused by companies “competing with subsidies and fighting for traffic,” and may help improve profitability in the tech sector.

From a valuation perspective, the latest price-to-earnings ratio of the Hang Seng Tech Index is 21.54 times, staying at a relatively low percentile level of 24.53% over the past 5 years. From the magnitude of historical pullbacks, since October 2025 the index has been continuously in a pullback channel. In the past 6 months, the largest drawdown has already reached 29.81%, exceeding the level of the largest drawdown across all of 2025. Valuations may have already fully digested prior negative expectations, and the index may have strong valuation-repair momentum. The Hang Seng Tech ETF (513130) Huatai-PineBridge and its feeder funds (Class A 015310, Class C 015311) for long-term allocation may be starting to show.

As a high-popularity product tracking the Hang Seng Tech Index, the Hang Seng Tech ETF Huatai-PineBridge (513130), thanks to its outstanding scale and liquidity advantages, has become the mainstream choice to help the market allocate to Hong Kong tech assets. Data shows that as of March 30, 2026, the ETF’s latest size reached 48.85B yuan. Its average daily trading value in the year to date exceeds 5.8 billion yuan. Among all ETFs tracking the Hang Seng Tech Index, it is the only one whose average daily trading value has surpassed 5.2 billion yuan. Its annual management fee rate is only 0.2%, offering a low-cost allocation advantage.

According to a Huatai-PineBridge Fund announcement, starting from March 18, 2026, all ETF products under the company completed standardized naming. The “ETF Huatai-PineBridge” brand matrix has been fully established, making it easier for investors to quickly identify the company’s distinctive products. As one of the first batch of ETF managers in China, Huatai-PineBridge has focused on index investing for nearly 20 years and has cumulatively won the “Passive Investment Taurus Fund Company” award for 8 sessions.

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责任编辑：石秀珍 SF183