NewTimeSpace News: As of 11:41 on February 23, 2026, the Hang Seng Tech Index (HSTECH) rose 3.20%, with Meituan-W surging 7.06%, Hua Hong Semiconductor gaining 4.99%, and SMIC and JD.com-SW following suit. The Hang Seng Tech ETF (03032.HK) climbed over 3%.

According to HKEX data, the Hang Seng Tech ETF (03032.HK) tracks the Hang Seng Tech Index, primarily investing in representative companies in Hong Kong's technology sector. The index covers 30 Hong Kong tech giants, encompassing both hardware and software technologies, with deep exposure to the upstream, midstream, and downstream segments of the AI industry chain. Among them, Alibaba, Tencent, Xiaomi, Meituan, SMIC, and BYD are poised to become China's "Magnificent Seven" tech stocks.

On the news front, the 2026 "Two Sessions" will convene starting March 4, with promoting technological innovation and developing artificial intelligence serving as key focal points of government work. Western Securities analysis suggests that fiscal policy will become more proactive, monetary policy will maintain flexibility, and the policy orientation emphasizing both domestic demand expansion and technological self-reliance will further strengthen the strategic priority of AI infrastructure, computing hardware, and large model applications.

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