Lates News

CITIC Securities Research Report believes that the outlook for the performance period of August's semi-annual report will be an important node to determine whether the Hong Kong stock market trend will continue. Combined with the widespread impact of the "anti-inner loop" policy and its rapid implementation, it is expected that the market in the short term may shift from being driven by liquidity to being driven by performance and policy validation in a resonant phase. As the market focus shifts from "expectation" to "realization," stocks with performance exceeding expectations and guidance upgrades are expected to continue benefiting; marginal changes in the "anti-inner loop" policy will also become a core variable in pricing for corresponding industries. In terms of industry allocation, it is recommended to focus on: 1. Direct beneficiaries of the implementation of the "anti-inner loop" policy such as solar energy, rare earth, lithium, express delivery, as well as indirect beneficiaries like insurance; 2. Pharmaceutical and technology companies with high business prospects or potential guidance upgrades; 3. Mainland Chinese quality leading companies with scarcity and stable performance in a low interest rate environment are expected to continue receiving value reevaluation.