Sou Hu Cai Jing·2025-05-06 06:57Group 1 - The China Securities Hong Kong Stock Connect Consumer Theme RMB Index (931455) increased by 0.11% as of May 6, 2025, with notable gains in constituent stocks such as Nongfu Spring (09633) up 7.49%, MGM China (02282) up 6.60%, Chow Tai Fook (01929) up 6.04%, Sands China Ltd. (01928) up 5.21%, and Meituan-W (03690) up 4.98% [1] - The Hong Kong Stock Consumer ETF (159735) rose by 3.32%, with the latest price at 0.81 yuan. Over the past two weeks, the ETF has accumulated a rise of 4.53% as of April 30, 2025 [1] - The trading activity for the Hong Kong Stock Consumer ETF was active, with a turnover of 24.85% and a transaction volume of 159 million yuan. The average daily transaction volume over the past month was 154 million yuan, ranking it first among comparable funds [1] Group 2 - According to Galaxy Securities, the impact of the U.S. so-called "reciprocal tariff" policy is diminishing, leading to a gradual recovery in investor risk appetite. Positive fiscal policies and moderately loose monetary policies are expected to support stable earnings growth in Hong Kong stocks [2] - Current valuations of Hong Kong stocks are at historically low to medium levels, indicating high medium to long-term investment value. Short-term focus should be on sectors benefiting from domestic demand expansion policies, technology sectors with improved self-sufficiency, and sectors with low trade dependency and high dividend yields [2]