Fangzheng Securities: Hong Kong stocks have sufficient attractiveness in terms of valuation.

Fangzheng Securities research report stated that balanced allocation of high-quality assets in both places is beneficial for reducing the risk of market volatility. The future market outlook for Hong Kong stocks is worth looking forward to: firstly, Hong Kong stocks are attractively valued; secondly, with the recent dovish stance of the Federal Reserve and the easing of US-China relations, it is expected that foreign capital inflows into Hong Kong stocks will improve; thirdly, Southbound funds are expected to continue to flow in; fourthly, Hong Kong stocks in artificial intelligence, innovative drugs, etc. not only represent the development trend of emerging industries, but also have a certain degree of scarcity. With high-quality domestic enterprises listing in Hong Kong, the asset quality of Hong Kong stocks is expected to be further improved.