Recently, not only have A-share fund managers begun to overallocate Hong Kong stocks, but QDII (Qualified Domestic Institutional Investors) funds have also moved more positions from US stocks back to Hong Kong stocks. The latest quarterly public offering report shows that more and more QDII funds are beginning to move their US stock positions back to Hong Kong stocks. This is the complete opposite of QDII's operation to reduce Hong Kong stock allocations and increase US stock positions in the first quarter of last year. Xiong Xiaoya, manager of Southern Hong Kong Preferred Fund, believes that the sharp decline in the previous period has further highlighted the value of Hong Kong stocks, and that capital has begun to lay out companies with stable fundamentals and a strong desire to repurchase dividends. During the Spring Festival, the performance of core consumption data such as liquor, tourist hotels, retail, and restaurants exceeded previous weak expectations. The market believes that economic fundamentals are gradually stabilizing through consumption, and is currently full of confidence in Hong Kong stocks. (Securities Times)