Southbound Funds Add Internet Platform Exposure; Csop Hang Seng Tech Index Etf (03033.HK) Rises 1.18% Intraday

NewTimeSpace News: As of 9:58 on October 28, 2026, Csop Hang Seng Tech Index Etf (03033.HK) rose 1.18% intraday to a latest price of HK$3.766, with a turnover of HK$1.38 billion, a trading volume of 366.73 million shares, and a turnover rate of 2.42%. Its current net asset value per unit is HK$3.7255, and its assets under management stand at HK$56.5 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 27, the ETF had assets under management of HK$56.5 billion and a net asset value per unit of HK$3.7255.

On the news front, according to China Securities Journal citing Wind data, in the seven trading days to October 26, southbound funds recorded net buying of HK$2.293 billion in TENCENT, while net selling HK$5.241 billion in ALIBABA-W and HK$2.524 billion in XIAOMI-W; two AI hardware names, SMIC and YOFC, saw net selling of HK$4.139 billion and HK$1.077 billion respectively over the same period. The pattern points to a rotation within the broader technology sector from hardware toward platform companies.

Guolian Securities believes that AI trading is shifting from broad-based valuation expansion into a phase of verification through earnings, orders and return on investment, and that the medium-term trend of growing AI investment and inference demand has not reversed; at this stage, platform companies with stable cash flow, a clear AI commercialisation path and ecosystem gateway advantages, together with the domestic computing supply chain that can consistently deliver orders and earnings, better match the market's pricing logic.