Xue Yonghui, director and investment director of Hong Kong Hang Seng Investment Management, said on Wednesday (June 28) that the overall performance of the Hang Seng Index is temporarily weak, but the current price -earnings ratio of the HSI is still lower than the average of the past ten years, reflecting Hong Kong, reflecting Hong KongStock valuation is at a attractive level, and investors may consider catching up the growth opportunities in China's economic recovery.
According to the Sing Tao Daily report, Hang Seng Investment Management held the third quarter investment market outlook. Xue Yonghui pointed out at the meeting that due to the tension between China and the United States, the recovery of the Chinese economy is not as good as expected, and there is no major favorable economy after the restart of the Chinese economy.The measures of the measures are temporarily weak, but the HSI current price -earnings ratio is still lower than the average value of the past ten years, reflecting that the valuation of Hong Kong stocks is at a attractive level. Investors may consider catching the Chinese economic recoveryGrowth opportunities, such as artificial intelligence, new energy vehicles, advanced technology and other sectors; benefiting the re -valuation of state -owned enterprises, and related telecommunications, energy, banks, or also worthy of attention.
Xue Yonghui also pointed out that the Hong Kong dollar bonds are relatively low with other asset categories. Investors can use the asset portfolio as a decentralized risk.Adjustment returns are also attractive than other bond markets.
For the pace of interest rate hikes in the United States, Xue Yonghui pointed out that the U.S. inflation slowed down last month. The May consumer price index increased by more than two years, but the US house prices remained high.The pace of interest will slow down. It is expected that the Federal Reserve will raise interest rates 1 to two times this year; and because inflation is still high, the possibility of minimum interest rate reduction at the end of this year is very small. Unless the US commercial real estate appears "burst (rupture)",And the Bank of America's crisis worsen.
For the recent weakening of the RMB exchange rate, Xue Yonghui pointed out that the mainland's recovery is not as strong as expected. The US interest rate hike cycle is not over.It is not surprising that the level of 7.3 last year is not surprising.However, he also believes that the current weakening of RMB is not bad for the mainland economy because it is beneficial to the entrance and exit of the mainland and avoiding the risk of shrinking.
The Hong Kong dollar and RMB dual counter model have been launched in Hong Kong last week. Li Peishan, director and chief executive officer of Hang Seng Investment Management, said on the same occasion that the dual counter model can provide investors with one more transaction currency option.Help the overall liquidity of the RMB counter and benefit the Hong Kong RMB ETF market. However, due to the current promotion and publicity of the RMB counter in the dual counter mode, the transaction is still soft.The pricing products are incorporated into the southward, and the recovery of the RMB trend will improve.
