极度证券：港股迎复苏浪潮 关注AI结构性机会

Group 1 - The Hong Kong stock market has recently shown an attractive upward trend after a period of stagnation, with many fund managers noting that despite a turbulent first quarter, valuations remain low compared to global capital markets [1][3] - The Hong Kong stock market is home to many scarce consumer and technology leaders from the A-share market, particularly in AI, smart driving, and advanced manufacturing, which are expected to resonate with economic recovery and drive further upward potential [1][3] - As of March 2025, the Hang Seng Tech Index has a price-to-earnings ratio of approximately 30 times, significantly lower than the Nasdaq's 37 times, indicating a historical low valuation [3] Group 2 - The unique liquidity advantage of the Hong Kong stock market has made it a favored target for international investors, especially with the recent peak and retreat of U.S. Treasury yields and the anticipation of domestic growth stabilization policies [3] - Southbound capital is currently the main support for the strength of the Hong Kong stock market, and if AI makes substantial progress, the likelihood of foreign capital returning will increase, potentially leading to a gradual recovery in market valuations and more investment opportunities [3] - Investors are advised to diversify their positions in the Hong Kong stock market to mitigate the impact of single asset volatility on their investment portfolios [3] Group 3 - Extreme Securities, established in 2015, is a leading global platform for trading financial derivatives including U.S., A-share, and Hong Kong stocks, aiming to provide a safe and convenient trading experience for global investors [4] - The platform allows for easy account opening without cumbersome conditions, enabling investors to participate in quality asset allocation and better capture investment opportunities from global capital flows [4] - Extreme Securities is actively expanding its agency cooperation plan globally, inviting partners interested in financial technology and international market expansion to join, thus creating sustainable business development opportunities [4]