HSBC Jintrust Fund Manager Xu Tingquan: The profit inflection point of Hong Kong stock fundamentals has now appeared.

HSBC Jin Xin Hong Kong Stock Selected Fund is currently being issued. The fund manager, Xu Tingquan, believes that Hong Kong stocks had lower-than-expected profits for 13 consecutive quarters, but this situation began to reverse in the third quarter of 2025. Taking the consumer sector as an example, in the latest annual report, approximately 70% of companies met or exceeded expectations, which is significantly better than in the past few years. The turning point in the fundamentals of Hong Kong stocks' profits has now appeared.