China Tech Split Emerges as ChiNext Rally Beats Hong Kong Peer
A Freevoy II battery on an electric vehicle chassis at a CATL event in Beijing on April 21.
Photographer: Qilai Shen/BloombergMainland‑listed Chinese tech stocks are outperforming their Hong Kong peers, underscoring investors’ enthusiasm for artificial intelligence hardware and earnings visibility.
The ChiNext Index, which counts battery giant Contemporary Amperex Technology Co. Ltd. as a member, has nearly doubled in the past year, reaching an 11-year high this week. By contrast, Hong Kong’s Hang Seng Tech Index, which includes Tencent Holdings Ltd., has fallen 4% over the same period.