Anúncio oficial da Alibaba: entrada total na era da IA de agentes inteligentes! O progresso dos produtos de IA das grandes empresas continua sendo o prioridade, com atenção ao valor de alocação de ações de internet de Hong Kong em níveis baixos

23 de março, Hong Kong stocks opened lower and retreated, with leading internet stocks collectively retracing. At the time of writing, the Hong Kong Stock AI Core Tools — Hong Kong Internet ETF (513770) — intraday price fell by 2.97%, hitting a new low since April 10, 2025. Alibaba-W dropped over 3%, Xiaomi Group-W fell over 2%, and Tencent Holdings declined more than 1%.

On the news front, recently, Alibaba Group Chairman Cai Chongxin systematically explained the three main drivers of AI development in China, and announced that Alibaba is fully entering the AI era of intelligent agents.

Shopen Securities stated that AI applications represented by Openclaw are experiencing deployment surges, with token call volumes skyrocketing, driving high demand for AI computing power, and major cloud providers raising prices successively. On March 18, Alibaba Cloud announced that due to global AI demand explosion and supply chain price increases, Alibaba Cloud’s AI computing power, storage, and other products increased prices by up to 34%. Among them, computing cards like Pingtouge Zhenwu 810E increased by 5%-34%, and file storage product CPFS (Intelligent Computing Edition) rose by 30%.

Meanwhile, with rising AI computing costs, the prices of large models are also increasing. On March 13, Tencent Cloud not only ended limited-time free public testing for models GLM 5, MiniMax 2.5, and Kimi 2.5, turning them into official commercial services, but also significantly raised prices for some Hun Yuan series models, with some billing increases exceeding 456%.

Huarun Securities noted that AI remains one of the most important directions in the global industry narrative, with the progress of major companies’ AI products still being core. It is recommended to focus on application directions that are grounded and generate revenue.

Grasping the 2026 AI commercialization year one, focus on core tools in Hong Kong stocks. The Hong Kong Internet ETF (513770) and its linked funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Stock Connect Internet Index. The top ten holdings include Alibaba-W, Tencent Holdings, Xiaomi Group-W, Kuaishou-W, Bilibili-W, and other tech giants and AI application companies across various fields. Leading advantages are prominent, with T+0 trading within the day and good liquidity.

Looking favorably on Hong Kong tech stocks but want to reduce volatility? You can also consider the first in the market — Hong Kong Main Board 30 ETF (520560), which features a “tech + dividend” dumbbell strategy, with heavy holdings in high-elasticity tech stocks like Alibaba, Tencent Holdings, and also including Bank of China, Ping An of China, and other stable high-dividend stocks, making it an ideal long-term core holding for Hong Kong stocks.

Reminder: Market volatility may be significant recently, and short-term gains or losses do not predict future performance. Investors should invest rationally based on their own financial situation and risk tolerance, paying close attention to position sizing and risk management.

Data sources: Shanghai and Shenzhen Stock Exchanges, etc.

Institutional views: Everbright Securities 20260311 “OpenClaw ushers in a new era of Agents, Hong Kong tech returns to AI growth mainline”; Galaxy Securities 20260302 “Focusing on the ‘14th Five-Year Plan’ start, how to grasp structural opportunities in Hong Kong stocks?”

ETF fee-related notes: When investors subscribe or redeem fund units, the agent may charge a commission not exceeding 0.5%, including relevant fees charged by stock exchanges, registries, etc. Fee details for linked funds: Huabao CSI Hong Kong Stock Connect Internet ETF (A class) subscription fee (front-end) is 1,000 yuan per transaction for amounts over 2 million yuan, 0.6% for 1-2 million yuan, and 1% below 1 million yuan; redemption fee is 1.5% if held less than 7 days, 0% if held 7 days or more, with no sales service fee. Huabao CSI Hong Kong Stock Connect Internet ETF (C class) has no subscription fee, with redemption fee of 1.5% if held less than 7 days, 0% if 7 days or more; sales service fee is 0.3%.

Risk warning: The Hong Kong Internet ETF passively tracks the CSI Hong Kong Stock Connect Internet Index, which was based on the date 2016.12.30, released on 2021.1.11. The index components are adjusted periodically according to the index rules. The stocks listed are for display purposes only; descriptions do not constitute investment advice and do not reflect holdings or trading activity of any fund managed by the issuer. The risk level of this fund, as assessed by the fund manager, is R4 — medium-high risk, suitable for active investors (C4) and above. All information in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, or any form of statements) is for reference only. Investors are responsible for their own investment decisions. The views, analysis, and forecasts in this article do not constitute investment advice, and the issuer is not responsible for any direct or indirect losses resulting from the use of this content. Performance of other funds managed by the fund manager does not guarantee future results; past performance is not indicative of future performance. Investment involves risks; please invest cautiously.