南下资金，创纪录！最新研判：牛市行情仍在

Group 1 - Recent inflow of southbound funds into Hong Kong stocks has reached a record high, with net inflow exceeding 1 trillion HKD this year, marking a significant increase compared to last year's total [2][3] - The continuous inflow of southbound funds is expected to change and optimize the investment structure and valuation logic of the Hong Kong stock market, with technology and consumer sectors now dominating market capitalization [4][5] - The current market environment is characterized by a rotation in investment preferences, with southbound funds showing a clear preference for high dividend, low valuation, and high growth sectors [5][6] Group 2 - Despite recent market corrections, analysts believe that the fundamentals for a bull market in Hong Kong stocks remain intact, with the market undergoing a phase of value reassessment [7][8] - The Hong Kong IPO market has been robust, with 50 new stocks listed this year, raising over 128 billion HKD, which has attracted both southbound and foreign capital [3][4] - The shift in the dominance of southbound funds from retail to institutional investors has enhanced the professional investment capabilities and value discovery in the market [4][5]