Glonghui, May 13 | The main indices of Hong Kong stocks rose, and the Hang Seng Technology Index reached the 4,000 mark intraday, rising more than 1% during the day, before falling 1%. As of 11:00, Hong Kong Technology ETF (159747), H-share ETF (159954), and Hang Seng Index ETF (513600) had risen. Since April 22, the Hong Kong Technology ETF (159747) has risen by more than 19%, the H-share ETF (159954) has risen by more than 18%, and the Hang Seng Index ETF (513600) has risen by more than 17%. The Cathay Pacific Junan Research Report points out that after the recent sharp rise in Hong Kong stocks, there will be some differences and fluctuations, but as uncertainty about China's economy and policy decreases, there is still room for potential in Hong Kong stocks. The Securities Regulatory Commission's five major cooperation initiatives with Hong Kong, as well as large-scale share repurchases and more active dividend payments by leading Hong Kong stock companies, have also significantly improved the liquidity of Hong Kong stocks. Furthermore, compared to the US, Europe, Japan, and India stock markets, the valuation level of Hong Kong stocks is lower and the margin of safety is higher; compared to A-shares, which are relatively crowded with dividend assets, the expected return on Hong Kong stocks is higher for deep value investors.