According to a research report by Huatai Securities, the fundamental logic underpinning ample medium-term liquidity in the Hong Kong stock market remains intact. However, recent short-term adjustments within popular sectors have triggered a reshuffling of funds. Consequently, it is anticipated that index-level volatility will intensify. In light of this, investors are advised to leverage mid-year reports as a guide, focusing their attention on industries exhibiting greater prosperity. In the near term, industries offering superior cost-effectiveness and safety margins, including food and beverage, household personal care, and financial services, should be prioritized. Looking ahead to the medium term, service consumption sectors such as tourism, tea drinks, and catering; durable consumption areas like trendy toys, gold jewelry, and clothing; as well as technology hardware and software services encompassing cloud computing, AI applications, and media, all present attractive investment opportunities.