CITIC Securities, in its latest research report, posits that with the fundamentals of the Hong Kong stock market having reached a trough and now on the rebound, combined with substantial valuation discounts, the market is anticipated to experience a second round of valuation rebound and a more pronounced performance recovery in 2026. Investors are advised to focus on five medium- to long-term investment avenues: Firstly, the technology sector, encompassing AI-related subsectors and consumer electronics; Secondly, the expansive healthcare sector, with a particular emphasis on biotechnology; Thirdly, resource commodities that stand to benefit from escalating overseas inflation expectations and the trend of de-dollarization, such as non-ferrous metals and rare earths; Fourthly, the essential consumer sector, which, despite being relatively stagnant, is undervalued and is expected to witness a valuation rebound; Lastly, the paper and aviation sectors, which are set to gain from the appreciation of the RMB.