Hong Kong stock market welcomes valuation repair window, public fund increases investment intensity.

After undergoing nearly 6 months of continuous adjustment, the overall valuation of the Hong Kong stock market continues to decline. Against this backdrop, public funds have begun to increase their allocation to the Hong Kong stock market, with many funds diversifying their holdings across various assets, from Hong Kong stock technology, internet to consumer goods. On July 8th, the Hong Kong stock market saw a significant rebound, with the Hang Seng Index rising by 2.99% in a single day, and the Hang Seng Technology Index soaring by as much as 4.97%. Previously, SaaS, mobile internet, and software companies leading the way due to AI technology replacing narratives, many public funds held these stocks with impressive gains. The signs of recovery in the Hong Kong stock market are not limited to the tech sector. Compared to the A-share market's preference for technology growth styles, public funds investing in Hong Kong stocks place greater emphasis on continuous and stable cash flow, making consumer stocks in Hong Kong resilient to adjustment compared to tech assets. Previously, affected by the A-share technology market's suction effect, the prices of high-quality consumer stocks in the Hong Kong stock market continued to decline. As a result, several public funds have recently started positioning themselves in the opposite direction, entering the market through southbound capital before the recent market rebound, actively positioning themselves in the consumer sector leaders.