Policy continues to pick up, the Internet industry to open a new stage of healthy development of the digital economy has become an important part of the national economy, the accelerated construction of the network society, the Internet will touch a huge scale of industry in the future. Since the beginning of 2022, Internet sector policy has continued to pick up, market sentiment has been gradually repaired, and regulation has been guided by "supporting healthy development". On December 15-16, 2022, the Central Economic work Conference mentioned that it is necessary to vigorously develop the digital economy, raise the level of normalized supervision, and support platform enterprises to show their skills in leading development, job creation and international competition.
In the field of online shopping: the number of online shopping users in China has reached 841 million, and the online consumption channels of online shopping users have gradually spread from traditional e-commerce platforms such as Taobao and JD.com to short videos, community group buying, social networking and other platforms. Online shopping channels are diversified and are expected to benefit from the recovery in consumption.
In the field of culture and entertainment: the scale of short video users continues to grow. Kuaishou Technology and Douyin, two major short video platforms, carry out local life business through different paths. Game manufacturers continue to distribute overseas markets, and the actual overseas sales revenue of Chinese independent R & D games continues to grow; the experience of hardware devices such as VR continues to improve, infrastructure such as 5G, cloud computing and blockchain is gradually mature, and content and applications are developing rapidly, meta universe is expected to open the next generation portal of digital traffic.
Internet medical field: the model exploration of the Internet medical industry in the post-epidemic era has gradually taken shape, the demand for online registration, drug purchase, diagnosis and treatment continues to grow, and the scale of users is growing rapidly.
Analysis on the Investment value of Hang Seng Internet Technology Industry Index
The Hang Seng Internet Technology Industry Index (HSIII.HI), released on August 17, 2015, reflects the performance of companies mainly engaged in IT business in the Hang Seng Composite Index. The constituent stocks mainly come from the media industry, and the media, trade and retail, and computer industries have the largest weight. The average market capitalization of the components of the Hang Seng Internet Technology Industry Index is 246 billion yuan. The distribution of market capitalization is wide. As of December 23, 2022, the top 10 heavyweights in the Hang Seng Internet Technology Industry Index accounted for 87.85%, with an average market capitalization of 709.8 billion yuan. Including Kuaishou Technology, Meituan, Tencent, BABA, JD.com Group and other Internet leading companies, representative. After a long and deep correction, the Hang Seng Internet Technology Industry Index is currently valued at a low quantile since the release date. As of December 23, 2022, the Hang Seng Internet Technology Industry Index had a price-to-earnings ratio of 47.04 and a price-to-book ratio of 2.80. Industry profits are expected to improve as consumption recovers in 2023. According to earnings forecasts for 2023, most companies are expected to see a performance repair, with a median expected net profit growth of 76 per cent. The Hang Seng Internet Technology Industry Index has an annualized income of-2.40% since 2015, with an annualized Sharpe ratio of 0.18. The elasticity of the index is greater.
Analysis on the ETF Investment value of Huaxia Hang Seng Internet Technology Industry
Huaxia Hang Seng Internet Technology Industry ETF (fund code: 513330) was listed on February 28, 2021. The management fee of the ETF is 0.5% / year, and the escrow fee is 0.1% / year. The fund manager is Mr. Xu Meng. As of December 28, 2022, the size of the ETF is 25.054 billion yuan.
Huaxia Fund is located in a comprehensive, all-round asset management company, serving a wide range of asset classes, industries and regions. As of December 28, 2022, the number of Huaxia Fund ETF (excluding linked funds and unestablished funds) has reached 69, with a total size of 278.825 billion yuan.
Risk hint: the risk of changes in the market environment, the statistical results are based on objective data and do not constitute investment recommendations.