Group 1 - The core viewpoint of the article highlights the increasing interest of international investors in Hong Kong stocks, particularly in large IPOs and financing projects, indicating a potential new market rally [1] - As of November 25, the Hang Seng Index has risen by 29.09% year-to-date, outperforming major global markets [3][4] - Southbound capital has accumulated a net purchase of over 5 trillion HKD in Hong Kong stocks since the launch of the Stock Connect, with a continuous net buying trend observed in the fourth quarter [5][8] Group 2 - The attractiveness of Hong Kong stocks is attributed to their dual nature as "Chinese assets" with "global pricing," featuring many competitive Chinese companies in sectors like technology, consumption, and pharmaceuticals [8] - The high dividend yield of Hong Kong stocks, which remains stable and above that of A-shares, is further enhancing their appeal [8] - The Hang Seng Index's price-to-earnings ratio is approximately 12 times, significantly lower than the Nasdaq's 36 times, indicating a favorable valuation for investors [9] Group 3 - The upcoming issuance of the Fuguo Hong Kong Stock Selected Mixed Fund (QDII) on December 8 aims to capitalize on the opportunities in the Hong Kong market, focusing on quality IPOs and stocks entering the Stock Connect [11][12] - The fund manager, Zhang Feng, has extensive experience in the Hong Kong market, with a proven track record of delivering strong returns [14][17] - Zhang Feng's investment strategy emphasizes a bottom-up approach, focusing on individual stock selection rather than strict industry adherence, which has led to consistent performance across market cycles [22][24]

Market Overview - The Hong Kong stock market has experienced its first wave of adjustment since April 7, with the Hang Seng Index stabilizing around the six-month moving average (MA120) and the Hang Seng Tech Index significantly adjusting to the annual moving average (MA250) [3][4] - Historical data indicates that even in bull markets, indices often undergo multiple adjustments, suggesting that these short-term corrections can present good opportunities for low-level positioning [4] Investment Team Introduction - The article introduces the Fuqua Fund's Overseas Equity Investment Team, which is recognized for its strong research capabilities in the Hong Kong stock market and has a culture of in-depth research [7] - The team consists of over ten members, led by Zhang Feng, who emphasizes a bottom-up stock selection approach and aims to create sustainable long-term investment returns for investors [7][15] Fund Management Products - The Fuqua Fund manages a diverse range of products, including: - Fuqua China Small Cap Mixed Fund - Fuqua Blue Chip Selected Stock Fund - Fuqua Global Consumer Selected Fund - Fuqua Global Health Living Theme Mixed Fund - Fuqua Dividend Selected Mixed Fund - Fuqua Global Technology Internet Fund [8][9] Performance Metrics - The Fuqua China Small Cap Fund has achieved a cumulative total return of 381.51% since September 4, 2021, with an annualized return of 12.77%, ranking first in its category [16] - The Fuqua Blue Chip Selected Fund has a cumulative total return of 242.45% since its inception on August 2, 2019, with a one-year return of 74.82%, also ranking first in its category [17] Team Members and Their Expertise - Zhang Feng, the team leader, has 23 years of experience in the securities industry and emphasizes fundamental analysis and long-term value [15][16] - Peng Chenchen focuses on global consumer and health industries, managing funds with significant returns, including a 75.39% return in the past year for the Fuqua Global Consumer Selected Fund [20][22] - Wang Menghai, with a background in both A-shares and H-shares, emphasizes a balanced investment approach across markets [23][26] - Wang Wanyi specializes in high-dividend stocks and has successfully managed funds with strong performance in the dividend space [27][28] - Zhao Nianshen focuses on technology growth sectors, managing funds that have shown significant returns, including a nearly doubled return for the Fuqua Minyu Hong Kong-Shenzhen Selected Fund [31] Investment Strategy - The Fuqua Fund's investment philosophy centers on a GARP (Growth At Reasonable Price) strategy, focusing on acquiring high-growth stocks at reasonable prices while maintaining a strong emphasis on risk management and fundamental analysis [7][15] - The team aims to provide a variety of investment options catering to different investor preferences, including balanced growth, value-oriented, and thematic investments [34]