智通财经网·2025-09-01 01:37Group 1 - The Hang Seng Index opened up 1.72%, with the Hang Seng Tech Index rising by 2.08%. Major tech stocks saw significant gains, including SMIC up nearly 7%, BYD Electronics up nearly 6%, and Baidu Group up over 3%. Alibaba surged nearly 15% post-earnings, with AI product revenue achieving triple-digit growth for eight consecutive quarters [1] - According to Everbright Securities, the potential onset of a Federal Reserve rate cut cycle may lead to continued upward movement in the Hong Kong stock market. The overall profitability of Hong Kong stocks remains strong, with relatively scarce assets in internet, new consumption, and innovative pharmaceuticals. Despite several months of gains, overall valuations are still low, indicating high long-term cost-effectiveness for allocation. The market may continue to trend upwards amid ongoing domestic growth stabilization policies and the anticipated Fed rate cut cycle starting in September [1] - CITIC Securities expresses optimism regarding the Hong Kong stock market's future performance, predicting a trend of upward fluctuations in Q3. In Q4, with increased domestic growth policies, the catalyzation of the AI industry, and improved global liquidity conditions, the market may experience a "Davis Double-Play" in terms of valuation and earnings [1] Group 2 - International funds are reconfiguring their investments in Chinese assets, with global hedge funds expected to achieve the highest monthly buying scale of Chinese stocks since February in August. The consumer staples and industrial sectors received the most capital inflow, indicating that international investors are actively allocating assets related to China's economic recovery [2] - According to China International Capital Corporation (CICC), while the Hong Kong stock market may lag in the short term due to liquidity factors, its long-term structural advantages remain significant. The firm suggests that in a market environment dominated by liquidity and sentiment, investors should focus on opportunities arising from overseas demand chains, providing differentiated allocation strategies [2]