今日视点：内外资奔涌共振驱动港股流动性稳步提升

Group 1 - Continuous inflow of domestic and foreign capital into the Hong Kong stock market reflects a global capital "rebalancing" logic adjustment, driven by increased interest in Chinese assets amid global economic uncertainties [2] - The Hong Kong stock market has shown strong performance, with the Hang Seng Index and Hang Seng Tech Index both rising over 30% year-to-date, supported by earnings recovery and capital inflow [2][3] - Structural trends in the Hong Kong stock market highlight investor preference for companies with strong performance, growth potential, and policy support, such as Alibaba, Tencent, Xiaomi, and SMIC, which are benefiting from China's economic transformation and technological innovation [3] Group 2 - The inflow of capital into the Hong Kong stock market is characterized by a "resonance" of domestic and foreign funds, enhancing market liquidity and supporting valuation recovery [1][2] - The ongoing improvement in the liquidity of the Hong Kong stock market is expected to continue, driven by the deepening of the connectivity mechanisms and the sustained interest of both domestic and foreign investors [3]