How to Allocate in Hong Kong Stocks Amid Volatile Rebound: Focus on Dividends and Growth Opportunities

Recent volatility in Hong Kong stocks has seen the Hang Seng Index reclaim the 24,000-point level, making the sustainability of the market rebound and allocation direction a key focus for institutions. Analysts believe that the inflow of southbound funds and improved market sentiment provide support for the short-term rebound, but constraints from overseas interest rates and fundamentals remain to be eased. In terms of allocation, a balanced approach is advisable, using dividend assets as a core holding while seizing structural opportunities in technology and innovative drugs driven by industry catalysts and earnings realization.