Zhong Guo Zheng Quan Bao·2025-06-03 20:44Group 1 - The Hong Kong stock market has shown strong performance this year, with increasing investor interest and a rise in the number of companies listing in Hong Kong [1][4] - As of May 30, the Hang Seng Index rose by 5.29% in May, while the Hang Seng China Enterprises Index and the Hang Seng Technology Index increased by 4.41% and 1.63% respectively [2] - The energy, financial, telecommunications, and healthcare sectors led the gains among the 12 sub-indices of the Hang Seng Composite Industry Index, with increases of 8.97%, 8.45%, 7.73%, and 7.11% respectively [2] Group 2 - Southbound capital has continued to flow into the Hong Kong market for five consecutive months, with a net inflow of HKD 456.17 billion in May [3] - Financial, discretionary consumption, energy, healthcare, and telecommunications sectors saw the highest net inflows from southbound capital, amounting to HKD 279.7 billion, HKD 104.93 billion, HKD 85.45 billion, HKD 76.58 billion, and HKD 73.34 billion respectively [3] Group 3 - The technology narrative has significantly boosted the Hong Kong market, with a notable increase in IPOs attracting investor interest [4] - Analysts predict that the Hong Kong market will become a strategic location for global capital allocation in Chinese technology assets, with expectations of rapid development over the next three years [4] - The current low valuation of Hong Kong stocks presents a clear advantage in the global market [4][6] Group 4 - The market is expected to trend upwards with structural opportunities, focusing on technology giants and high-dividend assets in sectors like banking, telecommunications, and utilities [6][7] - Analysts suggest that the Hong Kong market may adjust its economic expectations for the second quarter, potentially enhancing risk appetite [6]