两会落幕，政策落地预期驱动港股上涨

Group 1: Fund Performance - The report highlights the performance of various funds, with the Huaxia Selected USD Money Market Fund showing a weekly increase of 0.083% and an annualized return of 4.410% [1] - The Taikang Kaitai USD Money Market Fund recorded a weekly increase of 0.078% and an annualized return of 4.160% [1] - The Huaxia Hang Seng Technology Index ETF (non-listed shares) experienced a significant decline of 2.550% [1] Group 2: Market Trends and Policy Impact - The report indicates that the Hong Kong stock market has shown resilience following the recent high point on March 7, with a rebound observed after the conclusion of the Two Sessions on March 11, despite a weekly decline in major indices [6][8] - The government's work report during the Two Sessions set an economic growth target of approximately 5%, with policies aimed at boosting domestic demand and consumption, which are expected to positively impact sectors such as consumption, technology, and finance [8] - The introduction of the "Special Action Plan to Boost Consumption" is anticipated to enhance consumer capacity through measures like childcare subsidies, which could significantly aid in optimizing the population structure and stimulating consumption [8] Group 3: External Economic Factors - The report discusses the potential for foreign capital to return to China as the U.S. faces economic challenges, including high inflation and significant debt, which may drive investors to seek opportunities in undervalued Chinese assets [9] - The report notes that the U.S. S&P 500 index has entered a technical correction zone, while Chinese assets, particularly in the Hong Kong market, have outperformed globally this year [9] Group 4: Investment Strategy - The report suggests that the Hong Kong market, particularly in technology stocks, is expected to benefit from the current upward trend, with positive earnings reports supporting future performance [10] - It recommends that investors with a conservative risk appetite consider allocating to USD cash and bond assets, such as the Taikang Kaitai Overseas Short-Term Bond Fund, while also looking at the Huaxia Hang Seng Technology Index ETF for exposure to the strong performance of the Hong Kong market [10]