HSBC: Raises Hang Seng Index year-end target price to 26800 points.

Citi today held the "Global Investment Outlook for the Fourth Quarter of 2025". Liao Jiahao, head of investment strategy and asset allocation at Citibank, has raised the year-end target price of the Hang Seng Index to 26,800 points, and to 27,500 points by mid-next year. He pointed out that in the short term, the stock market is expected to fluctuate as it digests the early gains, and the market is also observing the profit performance of companies and the situation of China's fifteenth five-year plan in October. He also pointed out that the fifteenth five-year plan is expected to be a positive catalyst to drive growth in multiple industries, including technology, tourism, healthcare, insurance, and renewable energy.