After undergoing nearly six months of market adjustment, the overall valuation of the Hong Kong stock market has seen a decline. This has spurred public funds to ramp up their deployment efforts, venturing extensively into sectors such as technology, internet, and consumer goods within the Hong Kong stock market. On July 8, Hong Kong stocks experienced a significant rebound, with the Hang Seng Index surging by 2.99% and the Hang Seng Tech Index leaping by 4.97%. Previously, influenced by discussions around AI technology substitution, companies in the SaaS, mobile internet, and software sectors led the market gains, with several heavily weighted stocks in public funds delivering outstanding performances.

The recovery of Hong Kong stocks is not confined to tech stocks alone. In contrast to the A-share market's preference for tech growth stocks, public funds investing in Hong Kong stocks place a greater emphasis on sustained and stable cash flows. Consequently, the resilience of Hong Kong consumer stocks post-adjustment is no less robust than that of tech assets. Previously, affected by the tech rally in the A-share market, the share prices of high-quality consumer stocks in Hong Kong experienced a downturn. However, in recent times, several public funds have adopted a contrarian investment approach, entering the market ahead of time through southbound funds and actively investing in leading stocks within the consumer sector.