On August 21, a strategic report from China Merchants Securities highlighted recent positive developments in the Hong Kong stock market. Firstly, the criteria for the Hang Seng Tech Index have undergone refinement, with an expansion in the number of constituent stocks and the addition of revenue growth as a key screening factor. This move addresses market concerns regarding the index's technological depth. Secondly, from an industry trend standpoint, the AI sector's profit distribution is transitioning from AI hardware and large-scale models to cloud service providers. This shift is anticipated to bolster the Hong Kong stock market. The report expresses a positive outlook on investment prospects within the Hong Kong stock market.
