Sunac China rose more than 10%, Sands China Ltd., Alibaba Health Information Technology and other stocks rose, while Hong Kong Stock Connect 50ETF (159712) rose more than 1.2%, with a turnover of more than 26 million yuan. Everbright Securities believes that under the multiple negative blows, the Hong Kong stock index fell across the board in November; Hong Kong stock valuations have been adjusted to historic lows, and the negative impact is limited. In addition, the net inflow of foreign capital has been maintained and high-quality assets in Hong Kong stocks remain attractive. The net inflow of overseas capital has been maintained in 2021, and the current cumulative net inflow level has returned to the 2015 level, and the significant valuation advantage of Hong Kong Internet assets remains attractive to foreign investors. On the economic front, infrastructure investment is expected to pick up and inject vitality into macroeconomic repair, boosted by the acceleration of special bond issuance.