机构称中期港股估值仍有抬升潜力，关注恒生中国企业ETF（510900）等产品投资价值

Core Viewpoint - The Hong Kong stock market indices, including the Hang Seng Index, Hang Seng China Enterprises Index, and CSI Hong Kong Stock Connect China 100 Index, all experienced a decline of 1.7% at the close. However, there is potential for upward movement in valuations, supported by historical comparisons and external factors such as anticipated foreign capital inflows exceeding 1.5 trillion yuan next year due to a low allocation in Hong Kong stocks and a backdrop of Federal Reserve interest rate cuts [1]. Group 1: Market Performance - The Hang Seng Index, Hang Seng China Enterprises Index, and CSI Hong Kong Stock Connect China 100 Index all fell by 1.7% [1]. - The rolling price-to-earnings ratio for the Hang Seng Index is currently at 12.0 times, placing it in the 55.0% valuation percentile since 2002 [2]. - The rolling price-to-earnings ratio for the Hang Seng China Enterprises Index is at 10.7 times, which is in the 65.4% valuation percentile since 2002 [2]. Group 2: Investment Opportunities - According to Guotai Junan Securities, there is potential for valuation uplift in the Hong Kong stock market, suggesting that foreign capital may return more than expected next year [1]. - The E Fund's ETF tracking the Hang Seng China Enterprises Index has officially changed its name to "Hang Seng China Enterprises ETF," aligning with the index name for better investor understanding [1].