Group 1 - The Hong Kong stock market has attracted significant capital inflow this year, with southbound funds totaling HKD 884.38 billion as of August 5, surpassing last year's total and setting a new record [1] - The Qianhai Kaiyuan Hong Kong Stock Connect Value Navigation Mixed Fund focuses on low-valuation investment opportunities in the Hong Kong market, aiming to select quality companies with reasonable valuations [1][3] - The fund raised over HKD 1.1 billion since its launch on July 14, 2023, making it one of the top-performing actively managed equity funds in Hong Kong this year [1] Group 2 - As of June 30, 2025, the Hang Seng Index's price-to-earnings ratio stands at 10.68, significantly lower than other major global indices, indicating a valuation opportunity [2] - The Hong Kong market is expected to see improved profitability in 2024, with a 0.65% increase in revenue and a 9.08% increase in net profit attributable to shareholders [2] - The fund manager believes that after four years of adjustment, the Hong Kong market's valuations remain low, providing substantial room for recovery [2] Group 3 - The fund employs a PB-ROE strategy to select 20-30 Hong Kong listed companies with low price-to-book ratios and high return on equity, focusing on those with growth potential [3] - The investment strategy is designed to enhance performance while managing risks, with a focus on industry leaders and growth stocks with strong fundamentals [3] - The outlook for the Hong Kong market remains positive, driven by global economic recovery, loose monetary policy, and advancements in AI technology [3]