港元时隔五年再次触及强方保证，港股能否再度突破？｜市场观察

Group 1 - The Hong Kong stock market is experiencing a continued influx of funds, supported by a weaker US dollar and a stronger Renminbi, with the HKD/USD exchange rate reaching the strong-side convertibility guarantee of 7.75 for the first time since 2020 [1] - The Hong Kong Monetary Authority (HKMA) has injected a total of 116.61 billion HKD into the market recently, indicating a loose liquidity environment that is expected to support the upward momentum of the Hong Kong stock market [1] - The recent actions by the HKMA reflect increased foreign confidence in the Hong Kong stock market, which is beneficial for the long-term outlook of the market [1] Group 2 - The weak US dollar is prompting capital to flow into other currencies, including the HKD, signaling a positive sentiment among investors towards the HKD and Hong Kong stocks [2] - The current economic environment differs from that of 2020, with changes in growth models and financial market structures affecting capital flows, particularly towards sectors like technology and green energy [3] - The influx of funds into the Hong Kong stock market is now more indicative of investor interest in specific industries or companies rather than merely a flight to safety as seen during the pandemic [3]