Core Insights - The Hong Kong stock market indices opened significantly higher, with the Hang Seng Index up 1.38% and the Hang Seng Tech Index up 2.15% [1] - Consumer sector showed strong performance, with the China Securities Hong Kong Stock Connect Consumer Theme Index rising 1.66% [1] - A recent government announcement introduced a comprehensive financial policy package aimed at stabilizing the market and economy, focusing on both total and structural policies [1] Policy Impact - Total policies aim to activate capital markets, reduce financing costs, and release real estate demand [1] - Structural policies focus on upgrading the technology industry, promoting consumption, boosting the stock market, stabilizing the real estate market, and supporting troubled enterprises [1] - Positive statements regarding quasi-stabilization funds are expected to solidify the lower end of A-shares and Hong Kong stocks, enhancing risk appetite for Greater China assets [1] Investment Opportunities - Huatai Securities suggests that Hong Kong stocks may still offer relative returns, particularly in the import substitution sector [1] - Key points include: 1. Low market capitalization in export chains and midstream manufacturing sectors that are sensitive to tariffs [1] 2. Improved policy environment likely to boost risk appetite [1] 3. Attractive valuations in Hong Kong tech and consumer sectors supported by policies [1] 4. Weakening hard data from the US economy may increase global capital reallocation demand [1] Notable Investment Targets - Core broad-based Hong Kong stock: Hang Seng ETF (159920) [2] - AI and platform economy: Hang Seng Tech Index ETF (513180) [2] - Core assets in Hong Kong consumption: Hong Kong Consumption ETF (513230) [2] - Global pharmaceutical industry representation: Hang Seng Pharmaceutical ETF (159892) [2] - Chinese AI technology concept companies: Hang Seng Internet ETF (513330) [2]