Citic Securities: It is recommended to hold potential entry stocks in the periods of T-80 to T-50 days and T-20 to T+0 days.

CITIC Securities research report pointed out that the adjustment of Hong Kong stock connect has a significant event effect. Based on the analysis of the events of the years 2017 to 2025, data calculation shows that historically the target stocks for inclusion in the Hong Kong stock connect often had significant excess returns before inclusion, and in recent years, the trading game driven by such events has become more intense. CITIC Securities suggests holding potential inclusion stocks in two intervals: T-80 to T-50 days and T-20 to T+0 days, especially focusing on companies with large market value, high turnover rate, and good profit expectations. At the same time, attention should be paid to investment opportunities in A+H stocks included in the connect. For stocks that may be excluded in the Hong Kong stock connect adjustment, investors are advised to exit early.