东亚银行：恒指明年目标30800点，关注人工智能、新兴工业、服务消费板块

Core Viewpoint - East Asia Bank projects a target of 30,800 points for the Hang Seng Index by 2026, corresponding to a price-to-earnings ratio of 12.8 times, with a focus on artificial intelligence, emerging industries, and consumer services sectors [1] Group 1 - The bank's investment strategist, Wu Yongqiang, indicates that measures to counteract "involution" in mainland China and optimized supply policies can reduce irrational competition and enhance industrial capacity utilization, which will help improve the profit margins of Chinese enterprises [1] - The bank anticipates that the Federal Reserve may have the opportunity to cut interest rates 3 to 4 times by 2026, totaling 75 to 100 basis points [1] - Currently, the best lending rate for the Hong Kong dollar has dropped to a low level and is not expected to decrease further in line with the Federal Reserve's rate cuts, while the Hong Kong dollar interbank offered rate still has room to decline [1]