Hong Hao: The next target for the Hang Seng Index is 30,000 points, and I am bullish on banks, non-ferrous metal companies, and some technology companies.

Chief Investment Officer of Lianhua Asset Management, Hong Hao, said that despite Federal Reserve Chairman Powell's statement that "a rate cut in December is far from certain," considering the current liquidity tightening, regional banking crises reappearing, and persistent inflation pressures, it is highly likely that the Fed will cut rates by 25 basis points in December and stop balance sheet reduction. He emphasized that liquidity issues are the main risk in the current economic system, and the Fed needs to take preventive measures to maintain market stability. Regarding the Hong Kong stock market, he remains optimistic, believing that the next target for the Hang Seng Index should be above 30,000 points, similar to the A share market reaching 4,000 points. He believes that the market is still too pessimistic, and the breakthroughs in technology we have seen this year have not been fully reflected in stock prices. At the same time, he is bullish on banks, non-ferrous metals, and some successful tech companies that have transformed. In terms of investment strategy, Hong Hao advises investors to be patient, focus on value sectors, and emphasizes "earning money within their own cognitive range," and to respond rationally to market volatility and cyclical changes.