港股新一轮行情要来？这位“双12”干将有新动作

Group 1 - The core viewpoint of the article highlights the increasing interest of international investors in Hong Kong stocks, particularly in large IPOs and financing projects, indicating a potential new market rally [1] - As of November 25, the Hang Seng Index has risen by 29.09% year-to-date, outperforming major global markets [3][4] - Southbound capital has accumulated a net purchase of over 5 trillion HKD in Hong Kong stocks since the launch of the Stock Connect, with a continuous net buying trend observed in the fourth quarter [5][8] Group 2 - The attractiveness of Hong Kong stocks is attributed to their dual nature as "Chinese assets" with "global pricing," featuring many competitive Chinese companies in sectors like technology, consumption, and pharmaceuticals [8] - The high dividend yield of Hong Kong stocks, which remains stable and above that of A-shares, is further enhancing their appeal [8] - The Hang Seng Index's price-to-earnings ratio is approximately 12 times, significantly lower than the Nasdaq's 36 times, indicating a favorable valuation for investors [9] Group 3 - The upcoming issuance of the Fuguo Hong Kong Stock Selected Mixed Fund (QDII) on December 8 aims to capitalize on the opportunities in the Hong Kong market, focusing on quality IPOs and stocks entering the Stock Connect [11][12] - The fund manager, Zhang Feng, has extensive experience in the Hong Kong market, with a proven track record of delivering strong returns [14][17] - Zhang Feng's investment strategy emphasizes a bottom-up approach, focusing on individual stock selection rather than strict industry adherence, which has led to consistent performance across market cycles [22][24]