Hong Kong Q3 Earnings Season Nears Peak; Csop Hang Seng Tech Index Etf (03033.HK) Falls 1.59% Intraday

NewTimeSpace News: As of 9:55 on October 29, 2026, Csop Hang Seng Tech Index Etf (03033.HK) fell 1.59% intraday to a latest price of HK$3.722, with a turnover of HK$1.38 billion, a trading volume of 370 million shares, and a turnover rate of 2.44%. Its current net asset value per unit is HK$3.7776, and its assets under management stand at HK$57.29 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 28, the ETF had assets under management of HK$57.29 billion and a net asset value per unit of HK$3.7776.

On the news front, Hong Kong's third-quarter earnings season has entered its busiest stretch, with October 26 to 30 the concentrated disclosure window; pricing of the technology sector is shifting from the earlier AI capital expenditure narrative toward actual verification of earnings and cash flow. On valuations, the Hang Seng TECH Index trades at a PE-TTM of about 20.5x, still in historically low territory.

Zheshang Securities believes that the Hang Seng TECH Index tends to lead the A-share market, and is therefore well placed to stabilise first and serve as a leading signal of a market rebound; with Hong Kong and mainland markets increasingly interlinked, the timing of the index's stabilisation offers a useful reference for gauging the pace of recovery in overall risk appetite.