香港《稳定币条例》将于8月生效，如何布局？

Market Overview - The equity market indices showed a positive trend last week, with the ChiNext Index leading the gains at 2.36%, followed by the CSI 300 Index at 0.82% and the Shanghai Composite Index at 1.09% [6][7] - The real estate sector experienced a significant rebound, with a rise of 6.12%, while industries such as steel and non-bank financials also performed well [6][7] Equity Product Allocation Strategy - Event-driven strategies include monitoring the upcoming implementation of Hong Kong's Stablecoin Regulation in August, which is expected to issue licenses within the year, benefiting related funds [18] - The announcement of price increases by two major rare earth companies is another event to watch, with potential positive impacts on related funds [19] - The upcoming developer conference by Rockchip is anticipated to highlight advancements in semiconductor technology, suggesting investment opportunities in related funds [20] Asset Allocation Strategy - The overall allocation strategy emphasizes a balanced core and a barbell approach, focusing on dividend and technology sectors [21] - High dividend assets are highlighted as having significant allocation value due to the low interest rate environment and government support for dividend-paying companies [21][22] - The technology growth sector is seen as valuable due to national policy support and the increasing importance of domestic technology innovation [23] Stable Product Allocation Strategy - The central bank's recent operations indicate a net withdrawal of funds, maintaining a balanced monetary policy [24] - Recent CPI data shows a shift from decline to increase, indicating potential inflationary pressures [24] - The new round of tariffs announced by the Trump administration may impact market dynamics, necessitating careful monitoring [24] Key Focus Products - Recommended funds include short-term bond funds like Nord Short Bond A and Huaan Pure Bond A, which are positioned to benefit from current market conditions [29] - The report suggests maintaining a cautious approach to short-term bond funds while exploring opportunities in medium to long-term bond funds [28]