港股创下新高！入场信号出现了？

Core Viewpoint - The article emphasizes the importance of focusing on the Hong Kong stock market, particularly the Hang Seng Technology Index, as it shows potential for significant upward movement despite the recent performance of the A-share market [3][5][39]. Group 1: Market Performance - The A-share market has been performing strongly, with the Shanghai Composite Index and the ChiNext Index both reaching new highs for the year [1][2]. - The Hang Seng Index has also reached a new high, surpassing 25,000 points, indicating a strong market performance [3][5]. Group 2: Hang Seng Technology Index - The Hang Seng Technology Index has lagged behind the overall market, with its recent performance not fully reflecting the gains of the broader market [8][10]. - As of March, the Hang Seng Technology Index peaked at 6,195 points but only reached 5,585 points by the 21st, indicating a significant gap that is expected to be filled by large capital inflows [9][10]. Group 3: Technical Analysis - The Hang Seng Technology Index has experienced a typical box consolidation pattern between 5,100 and 5,500 points, which was broken last week, suggesting a potential end to the consolidation phase [14][16]. - The article argues that the likelihood of a false breakout is low, and a significant upward movement is anticipated in the long term [18][19]. Group 4: Policy Environment - Recent regulatory actions against major food delivery companies (JD, Meituan, Alibaba) are seen as a positive development for the Hang Seng Technology Index, as these companies are key components of the index [21][24]. - The cessation of the "delivery war" is expected to alleviate market concerns regarding the profitability of these companies, potentially boosting their stock prices [25][29]. Group 5: Capital Flow - The liquidity of the Hong Kong dollar remains strong, with the currency trading near the lower limit of its peg, which has contributed to a robust stock market [31][33]. - The cautious approach of the Hong Kong Monetary Authority in managing liquidity is viewed as a strategy to maintain market strength amid global economic challenges [35][38].