The Southern Science and Technology Innovation Board 50 (03109) surged by over 4%. It is reported that the Southern Science and Technology Innovation Board 50 is the first ETF tracking the Science and Technology Innovation Board 50 index to be listed on the Hong Kong Stock Exchange. In terms of weight-giving stocks, most of them are in the current hot semiconductor industry, including SMIC, Hikvision, AWSC, and Laan Technology. As of the time of writing, it rose by 4.6%, reaching HK$16.61, with a trading volume of HK$17.6957 million. On the news front, on May 11th, the Science and Technology Innovation Board 50 index continued to rise, surging by over 5% during the session, breaking through the high point of 1726.19 on July 14, 2020, reaching a historical new high. In the global context where chip stocks continue to be sought after, A-share chip track skyrocketed, with many stocks hitting new highs. According to the research report by Zhongjin Company, the current valuation of cloud service providers and chip links is at a relatively low level since 2023, and it has not reached the high level of valuation worry as it did in July 2024 and October 2025. Therefore, the second quarter of July may become a key point for the verification and direction change of the next round of market trends.