港股，最新调整！

Core Viewpoint - The Hong Kong stock market is undergoing significant adjustments with the inclusion of new companies in major indices, reflecting a positive outlook from various financial institutions towards the market's future performance [2][4][14]. Index Adjustments - The Hang Seng Index will increase its constituent stocks from 85 to 88, adding China Telecom, JD Logistics, and Pop Mart [2][4]. - The Hang Seng China Enterprises Index will include Pop Mart while removing Jitu Express, maintaining a total of 50 stocks [8]. - The Hang Seng Biotechnology Index will see a reduction in constituent stocks from 50 to 30, with several companies being removed [8]. - The Hang Seng Composite Index will add 24 new stocks, increasing its total from 502 to 504, while removing 22 stocks [8]. - The Hang Seng Sustainable Development Enterprises Index will maintain 30 stocks after adding three new companies and removing three others [8][9]. Market Performance - On August 22, major Hong Kong indices experienced a collective rise, with the Hang Seng Index up by 0.93% and the Hang Seng Technology Index soaring by 2.71% [12]. - Specific sectors such as semiconductor chips, media entertainment, and telecommunications equipment showed significant gains, with notable increases in stocks like Hua Hong Semiconductor and SMIC [12]. Future Outlook - Analysts from Guoyuan Hong Kong express optimism about the market's structural rally, supported by increased southbound capital inflows and potential domestic demand recovery [13]. - According to招商证券, the overall earnings outlook for Hong Kong stocks is positive, with a high earnings forecast rate, particularly for "new economy" sectors [13]. - Franklin Templeton, a U.S. fund management company, highlights the attractiveness of the Hong Kong stock market due to its reasonable valuations and improved earnings predictability [14][15]. - The average price-to-earnings ratio for Hong Kong stocks is approximately 10.8 times, slightly above the 10-year average of 10.4 times, indicating potential investment opportunities compared to higher valuations in U.S. indices [15].