With the disclosure of the public fund's three-quarter report, changes in the allocation of Hong Kong stocks have attracted much attention. Overall, as of the end of the third quarter, active equity fund Hong Kong stock positions were still low compared to the benchmark. From an industry perspective, in the third quarter, it concentrated on increasing positions in sectors such as pharmaceuticals and biotechnology, and reduced their positions more in the direction of semiconductors and other technological hardware. Regarding the future trend of the Hong Kong stock market, apart from the continuing high interest rate environment overseas, the US midterm election results may become a new variable disrupting the future trend of the Hong Kong stock market. Industry insiders believe that in the short term, we should stick to the idea of putting defense first and waiting for performance to break the game. Low-wave dividend assets continue to be promising. The technology sector suggests focusing on companies with clear industrial trends, profits, abundant free cash flow, and AI investment already generating actual commercial returns.

With the disclosure of the public fund's three-quarter report, changes in the allocation of Hong Kong stocks have attracted much attention. Overall, as of the end of the third quarter, active equity fund Hong Kong stock positions were still low compared to the benchmark. From an industry perspective, in the third quarter, it concentrated on increasing positions in sectors such as pharmaceuticals and biotechnology, and reduced their positions more in the direction of semiconductors and other technological hardware. Regarding the future trend of the Hong Kong stock market, apart from the continuing high interest rate environment overseas, the US midterm election results may become a new variable disrupting the future trend of the Hong Kong stock market. Industry insiders believe that in the short term, we should stick to the idea of putting defense first and waiting for performance to break the game. Low-wave dividend assets continue to be promising. The technology sector suggests focusing on companies with clear industrial trends, profits, abundant free cash flow, and AI investment already generating actual commercial returns.