Founder Securities: Risk Appetite Recovery Expected in Hong Kong Stock Market, Recommend Paying Attention to Catch-up Opportunities in High-Prosperity Emerging Industries

According to Golden Ten Data on January 3, Founder Securities released a research report stating that as the year-end rally gradually unfolds, the market is expected to shift from a "consolidation and accumulation" phase to a "spring agitation" trend. High-quality A-share assets offer strong cost-effectiveness globally. It is recommended to focus on technology growth, cyclical sectors with elasticity under supply-demand imbalance, and blue-chip assets favored by long-term allocation funds. In the Hong Kong stock market, southbound capital continues to accelerate its inflow, providing solid funding support for the Hong Kong market. The Federal Reserve's rate cut in December and the restart of balance sheet expansion have brought global liquidity easing, and Hong Kong stocks are expected to fully benefit from the return of foreign capital and the recovery of risk appetite. It is recommended to pay attention to the catch-up opportunities in high-prosperity emerging industries represented by Hang Seng Tech.