The Zhitong Finance App learned that Damo released a research report saying that the global financial situation is tightening, which is the key market reason driving the excellent performance of high-yield stocks. With the US real interest rate rising, it is estimated that quality dividend-paying themed stocks in the Asia-Pacific region/emerging markets will continue to outperform. The bank used quantitative models to select stocks with long-term resilience and business stability on the balance sheet, and reached agreement on fundamental analysis of the industry and stock analysts from the bottom up to select relevant stocks. Among them, Hong Kong stocks include China Telecom Holdings (00002), Hong Kong Telecom-SS (06823), and Industrial and Commercial Bank (01398). The bank has all been rated as “increase in holdings”.