Core Viewpoint - The imminent inclusion of the RMB stock trading counter into the Hong Kong Stock Connect is expected to enhance market liquidity and provide new opportunities for both A-shares and Hong Kong stocks, leading to a significant market rally [2][10]. Group 1: Market Reactions - Following the announcement by the Hong Kong Securities and Futures Commission (SFC) CEO, the A-share and Hong Kong markets experienced a strong surge, with the A-share indices all closing in the green and the Hong Kong Hang Seng Technology Index rising nearly 2% [2][6]. - The A-share market saw a total trading volume exceeding 1.47 trillion yuan, with the ChiNext Index increasing by 2.39% [2][8]. - Southbound capital has been actively buying, with a net purchase of 12.067 billion HKD on July 7, marking the largest single-day net inflow since May 6 [11]. Group 2: RMB Stock Trading Counter - The SFC's CEO indicated that the technical preparations for incorporating the RMB stock trading counter into the Hong Kong Stock Connect are progressing smoothly, with an aim to announce implementation details soon [3][4]. - The introduction of the RMB trading counter is anticipated to significantly boost market liquidity, allowing mainland investors to trade RMB-denominated stocks directly [10]. - Since the launch of the dual-counter model in June 2023, the trading volume in RMB has been relatively low, with only 491.8 billion RMB traded, accounting for less than 2% of the total [10]. Group 3: Future Market Outlook - Analysts believe that the inclusion of the RMB trading counter will lead to increased trading volumes and a higher proportion of RMB assets in the Hong Kong market, especially as more Chinese concept stocks return and new economy companies list [10]. - The ongoing "anti-involution" policies are expected to accelerate the clearing of outdated industry capacities, improving the return on equity (ROE) levels in related sectors [12]. - The current low interest rate environment in Hong Kong, coupled with a decrease in short-selling activity, suggests that the downward pressure on Hong Kong stocks is relatively manageable [12].