Great Wall Fund: Bullish on three major sub-sectors opportunities in Hong Kong stocks.
China Asset Management's current investment strategy for the Hong Kong stock market emphasizes opportunities in three major sectors: 1) Technology growth, with a focus on Hong Kong-listed internet, media, and manufacturing companies expanding overseas; 2) Big finance sector, where deepening capital market reforms are expected to boost risk appetite, with banks likely to announce midterm dividends early, and the investment style may shift from defense to offense, hence focus on securities firms and insurers; 3) Pro-cyclical sector, with relatively low valuations and holdings, structural opportunities are expected to emerge, with a focus on cyclical stocks such as non-ferrous metals and chemicals.
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