Citi's Head of Investment Strategy and Asset Allocation, Liao Jiahao, maintains a target price of 19800 points for the Hang Seng Index at the end of this year, with a 9.5% upside from the current price. He pointed out that the previously introduced series of policies aimed at stimulating the domestic property market would take time to have an effect on reducing inventory, but some Chinese stocks that benefit from national policies or have good profit performance may still see a rise, including network technology stocks, mainland banking stocks with high dividends, and Chinese telecommunications stocks. Liao Jiahao explained that the first quarter results of Chinese network technology stocks were generally better than expected, and the application of artificial intelligence is expected to help these companies optimize costs and increase profitability. With the first quarter improvement in shareholder returns of Chinese network technology stocks, it is expected that high-quality network technology leading companies can outperform the market. Bullish network technology stocks include e-commerce, mobile game and travel platforms.