Kling 4.0 API Goes Live; Csop Hang Seng Tech Index Etf (03033.HK) Falls 1.42% Intraday

NewTimeSpace News: As of October 26, 2026, Csop Hang Seng Tech Index Etf (03033.HK) fell 1.42% intraday to a latest price of HK$3.744, with an opening price of HK$3.808, a high of HK$3.808, a low of HK$3.738, and an intraday amplitude of 1.84%. The ETF traded 386.97 million shares with a turnover of HK$1.4522 billion, an average price of HK$3.753, a premium rate of -1.37%, and a turnover rate of 2.60%. Its current net asset value per unit is HK$3.7959, and its assets under management stand at HK$56.4 billion.

NewTimeSpace understands that Csop Hang Seng Tech Index Etf (03033.HK) is managed by CSOP Asset Management Limited, with an investment objective of providing investment results that closely track the performance of the Hang Seng TECH Index, before fees and expenses. The ETF primarily adopts a full replication strategy, investing all or substantially all of its assets directly in Index securities in broadly the same proportions as their weightings in the Index; under exceptional circumstances such as restrictions, trading suspensions or limited availability of certain Index securities, it may switch to a representative sampling strategy. Investments in other collective investment schemes are capped at 10% of net asset value; the ETF does not invest in derivatives for investment or hedging purposes, and cash and money market fund holdings may not exceed 5% of net asset value. It may engage in securities lending of up to 50% of net asset value, with an expected level of around 20%. The Hang Seng TECH Index represents the 30 largest Hong Kong-listed companies highly relevant to the technology theme after screening. As of October 22, 2026, its top ten constituents were NETEASE, XIAOMI-W, MEITUAN-W, ALIBABA-W, TENCENT, BYD COMPANY, SMIC, LENOVO GROUP, JD-SW and BIDU-W, together accounting for 73.13%. As of October 23, the ETF had assets under management of HK$56.4 billion and a net asset value per unit of HK$3.7959.

On the news front, on October 22, the API service for the new Kling 4.0 model was officially launched and will be gradually opened to enterprise customers and developers globally. An API format means model capabilities can be embedded directly into enterprise clients' business processes rather than being reached only through consumer-facing applications, offering video-generation models a commercialisation path distinct from subscription models.

Zhongtai International believes that developments across the AI supply chain in the fourth quarter are among the most important catalysts for the internet sector, with marginal changes in AI computing power, large models and AI agents all worth watching; in terms of application adoption, the areas that have spread most widely are coding and office work, and personal agents have recently seen notable user growth overseas, with any new adoption scenario likely to become a strong catalyst for the sector. The broker noted that the Hang Seng TECH Index trades at a PE-TTM of 22.01x, in the 22.9% percentile over the past year, versus a dynamic PE of about 29.39x for the Nasdaq 100, leaving Hong Kong internet valuations in a historically low range.