Daiwa released an outlook report on Hong Kong stocks in the second half of the year, saying that due to China's cyclical upward trend, moderate inflation and the active policy support of the central bank, it is expected that the Chinese stock market will become a relative "safe haven". The Hang Seng Index will lower its target from 27000 points to 24500 points at the end of this year, with a potential increase of about. It is believed that the downward adjustment of the Hang Seng Index earnings test will be stable, or even can be improved in the second half of the year. Daiwa expects the government to take a series of measures to promote platform economy and consumption, while the ranking of the latest beneficiaries will be updated to Internet platform, foundation, consumption and real estate. Therefore, the bank summarizes the three major investment themes in the second half of the year, the first is the policy beneficiary stocks (steel, Internet, hotel and brokerage), the second is the recovery of gross profit margin (daily consumption, battery, Internet, express delivery), and the third is specific industries (sportswear, photovoltaic and battery materials), and lists the preferred stocks in the Chinese and Hong Kong stock markets.