BOCI Securities Limited: Short-term fluctuations do not change the upward trend of Hong Kong stocks, it is expected that the Hang Seng Index will reach 30,100 points by the end of next year.

Bank of China International released a research report stating that there have been recent sharp fluctuations in the stock market, but investors should remain calm and not be overly worried. It is believed that the adjustment of the stock market in a bull market is a normal phenomenon, and the short-term fluctuations will not change the upward trend of the Hong Kong stock market. The bank predicts that the Hang Seng Index could reach 30,100 points by the end of December 2026. The bank is optimistic about the development of the Chinese stock market in 2026 and recommends investors to adopt a longer-term investment strategy in the Hong Kong stock market. China's decision-making level has ample policy reserves to effectively deal with the complexity, volatility, and long-term nature of US-China competition. In the face of an increasingly complex and challenging external environment, it is expected that macro policies in 2026 will continue to exert efforts and increase efforts in a timely manner. Regarding key investment opportunities, the bank stated that strengthening the real economy, promoting technological innovation, developing new quality productivity, and expanding domestic demand are the key directions of the "14th Five-Year Plan" and are also the investment themes that investors should focus on. In particular, sectors related to technological innovation and new quality productivity may be the most important investment themes in the stock market in the coming years. In the medium to long term, it is recommended to focus on leading companies in the consumer sector driven by domestic demand, undervalued high-dividend stocks of state-owned enterprises, and domestic brands accelerating the process of domestic substitution.