Group 1 - The Hong Kong stock market has recently underperformed compared to the A-share market, with the Hang Seng Index showing a cumulative increase of only 1.41% in August, compared to the Shanghai Composite Index's 4.31% increase during the same period [1][2] - Despite the recent underperformance, the overall year-to-date performance of the Hang Seng Index and its sub-indices has been strong, with gains exceeding 23%, outperforming major A-share indices [1][2] Group 2 - Analysts believe that the Hong Kong stock market is currently in a trend of upward fluctuations, with a solid bottom, supported by factors such as expected interest rate cuts by the Federal Reserve and continued inflows of southbound capital [3][4] - The inflow of southbound capital has been significant, with a record net purchase of 358.76 billion HKD on August 15, 2023, and a total net purchase of 9588.81 billion HKD year-to-date, indicating strong market support [4] Group 3 - The technology sector in Hong Kong is expected to benefit significantly from the AI cycle, with leading companies across the AI value chain poised to gain from the industry's transformation [4][6] - The healthcare sector has shown remarkable performance, with a 89.43% increase year-to-date, driven by the potential of innovative drugs and their transition to international markets [5][6]
阶段性扰动不改港股上行趋势 科技板块配置魅力犹存
Zhong Guo Zheng Quan Bao·2025-08-19 20:09