战略性做多港股！张忆东最新解析全球新秩序，动荡期有三大机遇……

Core Viewpoints - The current international order is undergoing significant upheaval, driven by geopolitical tensions and economic challenges, marking the beginning of a new era of uncertainty [1][10][14] - The AI wave represents a new technological revolution that could help establish a more equitable and inclusive global economic order [1][18] - The Hong Kong stock market is poised for a long-term bull run, benefiting from the restructuring of international order and the revaluation of Chinese assets [1][34][41] Group 1: Investment Opportunities - Strategic assets during this period of upheaval include gold, military industry, and digital assets, which serve as hedges against the dominance of the dollar [18][65] - Growth-oriented investments in technology and new consumption sectors are seen as offensive strategies, while dividend assets and gold act as defensive shields [1][58][66] - The Chinese market is expected to stabilize while Western markets face volatility, creating a favorable environment for Chinese assets [24][25][41] Group 2: Market Dynamics - The Hong Kong market is transitioning from being foreign-led to becoming a crucial international financial center for China, supported by government policies [35][36][37] - The influx of quality companies and the rise of new consumption trends are reshaping the market landscape, with significant growth potential in sectors like technology and consumer services [40][41][66] - The investment style in Hong Kong is increasingly mirroring that of A-shares, with a focus on both growth and dividend strategies [55][56] Group 3: Economic Context - The current economic climate is reminiscent of the 1970s, with rising fiscal deficits and social tensions in the U.S., leading to a potential decline in the dollar's global standing [11][12][16] - The U.S. is facing significant internal challenges, including a high debt-to-GDP ratio and increasing wealth disparity, which could impact its global economic influence [11][12][17] - The ongoing trade tensions and tariff policies are likely to create a prolonged period of economic uncertainty, affecting both U.S. and global markets [14][47][48]