According to a research report released by CITIC Securities, since early September, the surge in Hong Kong stocks has been primarily fueled by abundant liquidity and innovative investments within the AI sector. Looking ahead, there is a potential for sustained inflows of southbound capital. Should Sanae Takaichi assume the role of Japan's Prime Minister, Hong Kong stocks could see additional benefits stemming from Japanese investors' arbitrage trading allocations. Furthermore, the anticipated performance of Hong Kong's AI and technology industry chain is poised to materialize. Although the current absolute valuation of Hong Kong stocks is not deemed low, the underlying fundamentals are expected to hit a trough and subsequently rebound, with robust performance growth projected for 2026. This is anticipated to significantly boost their global attractiveness. The research report underscores that the prolonged bullish trend in Hong Kong stocks, which commenced in early 2024, is set to persist. It advises investors to concentrate on four primary mid-to-long-term investment avenues: technology, healthcare, non-ferrous metals, and consumer sectors.