According to China Galaxy Securities' analysis, the influence of US tariff policies is gradually waning, and investors' risk appetite is on the mend. China is poised to adopt more proactive macroeconomic measures, encompassing aggressive fiscal policies and moderately accommodative monetary policies, to navigate the uncertainties of the external environment through high-quality development. This is anticipated to propel the steady increase in earnings of Hong Kong stocks. Currently, Hong Kong stocks exhibit low valuations, signifying high investment potential in the medium to long term. In the short term, it is advisable to concentrate on the consumer sector, which stands to benefit from the policy of expanding domestic demand, the technology sector showcasing enhanced self-control capabilities, and industries with low trade dependence and high dividend yields, such as finance, energy, telecommunications, public utilities, essential consumption, and real estate.