According to the Morgan Stanley report, the China Insurance Regulatory Commission has confirmed that insurance funds can be invested in Hong Kong stocks through the Shanghai-Hong Kong Stock Connect, which will stimulate the influx of capital into Hong Kong stocks. In particular, bank stocks will benefit the most, and this will drive the Hang Seng Index and the National Index up. DAMO believes that Chinese insurance companies will distribute assets to Hong Kong stocks because these companies need to diversify their portfolios more, anticipate a further decline in the RMB exchange rate, and lack of other ways to invest in foreign markets, and the QDII limit remains unchanged. DMOK kept the basic predictions of the Hang Seng Index, the National Index and the MSCI China Index unchanged at 20,700 points, 8,500 points and 55 points, but believes that the Hang Seng Index and the National Index have a good chance of hitting the bank's forecast targets in a bull market, that is, the Hang Seng Index is 26,000 and the National Index is 11,100 points. Because the bank believes that bank stocks will attract the most capital going south, bank stocks account for 30% of the Hang Seng Index and 40% of the share of the National Index. Shares recommended by DAMO with a “increase in holdings” rating and expected payout returns above 4% include: BAIC (01958.HK), Agricultural Bank (03618.HK), Hang Seng Bank (00011.HK), Bank of China (02388.HK), China Merchants Bank (03968.HK), Bank of China (03988.HK), Agricultural Bank (01288.HK), CCB (00939.HK), Industrial and Commercial Bank (01398.HK), Sinochem (02386.HK), Hejing Taifu (01813.HK), World House ( 00831.HK) and Digitcom (00315.HK).