On October 27, the Hang Seng Index opened 1.28% higher, and the Hang Seng Tech Index rose 2.06%. Tech stocks continued their upward trend, and pharmaceutical stocks staged a strong rebound.

Recent market volatility in the Hong Kong stock market has revealed long-term allocation opportunities. Multiple institutions point out that despite short-term fluctuations, the core medium to long-term logic driving the market remains solid. The current adjustment may provide investors with a rare opportunity to buy on dips.

International investment banks show particular favor towards leading internet companies. Goldman Sachs' latest report emphasizes Tencent's unique advantage of "comprehensively empowering business lines with AI technology," is optimistic about the synergy between its WeChat ecosystem and global gaming assets, and simultaneously raised its capital expenditure expectations and target price. While noting short-term profit pressure on Alibaba, it highlighted the inflection point in Taobao and Tmall's profits and the growth potential of its international cloud business.

China Merchants Securities analysis believes that AI remains a clear main theme in the Hong Kong stock market, and the internet sector will continue to benefit. Guotai Haitong Securities expects the Hong Kong stock market to potentially reach new highs in the fourth quarter, pointing out that the deepening "AI empowerment" narrative and policy support will boost fundamentals. Coupled with the return of foreign capital and sustained inflows of southbound funds, the trend of improving capital conditions is clear.

【Hong Kong Stock Technology-related ETFs】

Covers the Entire Tech Industry Chain – Hong Kong Stock Connect Tech ETF Fund (159101)

Focuses on Internet Leaders – Hang Seng Internet ETF (513330)