The recently released 2025 Q4 fund reports have shed fresh light on investors' concerns regarding future market trends and investment opportunities. These disclosures may offer some valuable investment clues. Let's examine the latest insights from Qu Shaojie, Portfolio Manager of the Great Wall Hong Kong Stock Connect Value Select Fund.
In the fund's 2025 Q4 report, Qu Shaojie indicated that Hong Kong's technology stocks experienced a significant correction during the quarter. This was primarily influenced by three factors: downward revisions in earnings expectations, structural tightness in liquidity, and a divergence in fundamentals within the sector. However, he views these influences as predominantly short-term, asserting that Hong Kong-listed tech and internet companies possess sound long-term growth logic.
Qu Shaojie believes that a structural rally in Hong Kong's tech stocks is poised to restart in 2026. He anticipates that sub-sectors such as internet, AI, semiconductors, and cloud computing are likely to maintain their growth momentum. Consequently, he will continue to focus on China's technology and internet industry. He argues that as China enters a technological innovation cycle, this sector is unleashing powerful growth drivers. Various segments, including internet services, new energy vehicles, gaming, photo editing, smart wearables, advertising production, music, autonomous driving, smartphones, and social media, are beginning to integrate with AI, thereby unlocking a second growth curve driven by AI that could potentially reopen vast growth space.
Disclaimer: The information contained in this communication is sourced from channels believed to be reliable by the company and the personal judgment of researchers, but the company does not provide any direct or implicit declaration or guarantee regarding its accuracy or completeness. This communication is not a complete representation or summary of the relevant securities or markets, and any opinions expressed may change without further notice. This communication should not be used by recipients as a substitute for their independent judgment or as a basis for investment decisions. The company, its related entities, employees, or agents shall not bear any responsibility for any losses incurred by any person resulting from the use of all or part of this content. Without the prior written permission of Great Wall Fund Management Co., Ltd., no one may distribute, reproduce, reprint, or publish this report or any part thereof in any form, and no one may make any deletions or modifications to this communication that distort its original intent. The fund manager reminds that every citizen has the obligation and right to report money laundering crimes. Every citizen should strictly comply with relevant anti-money laundering laws and regulations. The market carries risks, and investment requires caution.
The MACD golden cross signal has formed, and these stocks are performing well!
A wealth of information and precise interpretations are available on the Sina Finance App.
Comments