天风证券：看好进取+进化下港股中概整体估值重估

Group 1 - The core viewpoint is that Tianfeng Securities is optimistic about the overall valuation re-evaluation of Chinese concept stocks in Hong Kong under the themes of "progressive" and "evolution" [1] - Tianfeng Securities believes that the valuation of Chinese internet companies is attractive globally, with significant valuation advantages in the Hang Seng Index and Hang Seng Tech Index [1] - Unlike previous focuses on shareholder return levels, Tianfeng Securities anticipates that Chinese internet companies will return to a more aggressive and evolutionary approach by 2025 [1] - The layout of AI business is expected to boost the overall valuation level of Chinese internet companies and enhance their efficiency [1] - Recommended stocks to watch include Tencent Holdings, Alibaba, Xiaomi, JD Group, Kuaishou, Pinduoduo, Meituan, and Bilibili [1]