进击的港股：恒指何以领跑全球？

Group 1 - The core viewpoint of the article highlights that the Hong Kong stock market has shown significant growth this year, with the Hang Seng Index rising over 20% since the beginning of the year, and the Hang Seng Tech Index leading the way [1] - The current valuation of Hong Kong stocks is still considered low compared to historical highs in 2021, indicating potential for further growth, especially in sectors like technology, internet, innovative pharmaceuticals, and new consumption [1][2] - The article emphasizes that external factors, such as the Federal Reserve's potential interest rate cuts, could enhance liquidity and attract foreign capital back to the Hong Kong market, acting as an accelerator for continued market strength [2] Group 2 - Hong Kong's tech companies are becoming increasingly competitive in the AI sector, with recent upgrades to the listing system facilitating the entry of biotech and hard tech companies, thereby enhancing the market's advantages in these areas [2] - There is significant inflow of southbound capital into Hong Kong stocks, with over 900 billion RMB accumulated this year, particularly benefiting large tech stocks like Tencent, Meituan, Xiaomi, and Kuaishou [3] - The article notes a surge in IPO activity in Hong Kong, reflecting the capital market's recognition of its financing capabilities, and suggests that the market may experience a "comeback" this year [3]