Xinhua News Agency, June 10, according to a research report released by Citic Construction Investment Chen Guo and he Sheng, Hong Kong stocks have ushered in a round of decline since February, which is essentially due to changes in Hong Kong stocks' dependence on US liquidity, which will form a double bottom with two liquidity tightening. At present, the risks affecting the current round of Hong Kong stocks have been fully released, and the three major indicators of valuation, liquidity, and market trading sentiment, which can better predict the trend of Hong Kong stocks, have also begun to appear inflection points. We believe that Hong Kong stocks will gradually come out of the bottom and usher in the best opportunity of the year. In terms of the industry, it is expected that the value of Hong Kong stocks will grow together, and it is suggested that we should pay attention to the special valuation and the Internet sector with lower valuations and more favorable policies.