Di Yi Cai Jing·2026-02-11 00:45Group 1 - The core viewpoint is that from early February to the Spring Festival, market funds are expected to accelerate rotation in sectors such as technology and non-ferrous metals, with strong-performing stocks becoming the focus [1] - The asset allocation focus will shift from a total "beta" approach to a structural "alpha" market trend [1] - The current Hong Kong stock market is forming a complete AI industry chain listing system, and with a mild appreciation of the RMB, the valuation of Chinese assets is expected to increase [1] Group 2 - The Hong Kong stock market is likely to experience a fluctuating upward trend influenced by the sentiment spillover from the A-share market [1] - Due to the Spring Festival occurring in mid-February and the later date of the 2026 Spring Festival, significant changes in market style are unlikely [1]