Is the Hong Kong stock market halfway or at the top? Dong Yi, Shenwan Hongyuan: The key to follow is three major catalytic factors.

Jinshi data news on June 20th, Shenwan Hongyuan Hong Kong stock strategy senior analyst Dong Yi said that risk preference is an important factor driving the rebound of the Hong Kong stock market in the past two months, and after the rise and fall, it has returned to a more moderate level. Therefore, the disturbance of overseas political and monetary cycles in the second half of 2024 deserves attention, and the improvement of fundamentals, the decline of risk-free interest rates, and market mechanism reform are three important catalysts for the future. If the above three catalysts appear in the second half of the year, the market's upward trend is still worth looking forward to. From the perspective of risk response, Dong Yi suggests focusing on industries that are more favored by domestic capital, such as high dividend stocks, Internet companies with gradually stabilizing profitability, and the travel service industry with scarce prosperity.