A CSC Securities research report indicates that the firm will continue to monitor global stock market liquidity and will pay closer attention to opportunities in Hong Kong stocks amid a weak dollar environment in 2027. Over the past five years, the primary pricing logic across global stock markets has centered on the AI industry chain, with US, Korean, Japanese, and Chinese stocks all following this trend. The AI industry trend has been a key driving factor, and the influx of global dollar liquidity into the technology sector—along with its support for tech stocks—has also been a major contributor. By contrast, Hong Kong stocks have generally faced pressure in recent years due to factors such as technology-sector pricing, a strong dollar, the food delivery price war, the withdrawal of southbound capital, and corporate listings. Should the global dollar tide reverse, technology pricing stall, and the dollar weaken, Hong Kong stocks are expected to see renewed opportunities.