Lyon released a research report pointing out that after experiencing a rebound in the market in the past two weeks, investors quickly used exchanges to buy and sell ETFs to increase their exposure to china. Therefore, they recommend that investors choose stocks that can significantly benefit from the passive inflow of ETFs, have high index weights, and are still at historically low to moderate valuation levels. Among the technology stocks listed in Hong Kong, they recommend Xiaomi (01810.HK), BYD Electronic (00285.HK), and Hua Hong Semiconductor (01347.HK). They expect Xiaomi to be the main beneficiary of ETF inflows, while BYD and Hua Hong Semiconductor are still in the lower to moderate valuation range. They are also bullish on Sunny Optical (02382.HK) and AAC Tech (02018.HK).

On the A-share market, Lyon recommends Zhongji Innolight (300308.SZ), Naura Technology Group (002371.SZ), Will Semiconductor (603501.SH), and Hua Hong Semi (688347.SH).