Core Viewpoint - Huatai Securities reports that despite high volatility in Q3, sectors such as Hong Kong dividends and essential consumption can still serve as core holdings for investment [1] Group 1: Market Conditions - There is an increasing focus from domestic and international investors on Chinese assets, which is supported by the expansion of the Hong Kong market creating a favorable allocation environment [1] - The risk of significant market downturns is relatively controllable, but the importance of sector rotation is rising [1] Group 2: Investment Strategy - The mid-term strategy remains unchanged, with expectations of high market volatility in Q3 [1] - Sectors such as Hong Kong dividends (financials, energy) and essential consumption are recommended as defensive core holdings, balancing safety and potential returns [1] - High-growth industries like consumption, pharmaceuticals, and technology may continue to rise, and market fluctuations could provide opportunities for increased allocation [1]