Group 1 - The recent pullback in the Hong Kong tech sector is influenced by discussions around the AI bubble in the US market, which has dampened investor sentiment and raised concerns about potential declines in tech stocks [3] - Changes in global liquidity expectations due to the US government shutdown and comments from Federal Reserve officials about potentially slowing monetary policy adjustments have also impacted the Hong Kong tech sector [3] - The rapid previous gains in the Hong Kong tech sector have led to high trading congestion, creating natural pullback pressure, which is seen as a normal adjustment [3] Group 2 - Despite recent pullbacks, the outlook for the Hong Kong tech sector remains positive, supported by expectations of improved liquidity from potential Federal Reserve rate cuts and stable earnings growth from leading companies in the internet and semiconductor sectors [5] - The recent success of domestic AI applications, such as the Qianwen App, which surpassed 10 million downloads in its first week, indicates a rapid transformation of AI technology into practical products and services, potentially igniting a new wave of AI applications in China [5] - The valuation of the Hong Kong tech sector is considered healthy, remaining at relatively low levels compared to historical standards, with a long-term upward trend still intact [5]
投资对话 | 国海富兰克林张志强：短期波动不改港股科技中长期向好趋势
Sou Hu Cai Jing·2025-12-02 10:12