Recently, numerous domestic and international investment institutions have expressed optimism about the medium- to long-term allocation value of the Hong Kong stock market. Following a period of market adjustments, Hong Kong equities now trade at historically low valuations, with the Hang Seng Index’s price-to-earnings ratio significantly below its historical average. Some high-quality assets are even trading below book value, offering a strong margin of safety.Meanwhile, as China’s economy continues its steady recovery, the Federal Reserve’s rate-hiking cycle appears to be nearing an end, and the renminbi exchange rate stabilizes, the external liquidity environment is expected to improve—providing support for Hong Kong equities. Furthermore, the Hong Kong market hosts many leading Chinese new-economy companies in high-growth sectors such as internet platforms, renewable energy, and biopharmaceuticals, which hold pivotal positions in global supply chains and offer substantial long-term growth potential.Institutions broadly agree that, against the backdrop of global asset allocation, Hong Kong stocks present a compelling combination of valuation attractiveness and growth prospects, making them a strategic choice for portfolio diversification and enhanced returns. Although short-term volatility may persist due to geopolitical tensions or global economic uncertainties, the market is now entering an attractive window for medium- to long-term investment.
近期，多家国内外投资机构纷纷发声，表示看好港股市场的中长期配置价值。在经历前期调整后，港股估值已处于历史低位，恒生指数市盈率显著低于历史均值，部分优质资产甚至出现‘破净’现象，具备较强的安全边际。与此同时，随着内地经济稳步复苏、美联储加息周期接近尾声，以及人民币汇率企稳，外部流动性环境有望改善，为港股市场提供支撑。此外，港股市场汇聚了大量中国新经济龙头企业，涵盖互联网、新能源、生物医药等高成长性行业，这些企业在全球产业链中占据重要地位，长期增长潜力可观。机构普遍认为，在当前全球资产配置背景下，港股兼具估值优势与成长性，是分散风险、提升组合收益的重要选择。尽管短期市场或受地缘政治、全球经济波动等因素扰动，但从中长期视角看，港股已进入具有吸引力的布局窗口期。
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