On August 16th, Hong Kong stocks rose sharply, with all three major indices rising more than 2% during the day. The "JD Group" collectively boosted the market, with JD Logistics up more than 20%, JD Group up more than 9%, and JD Health up more than 6%. Yesterday, JD Group disclosed its second-quarter results, with net income significantly exceeding expectations. In addition, Alibaba and Meituan both rose more than 5% during the day. As of 14:20, Hong Kong technology ETF (159747), H-share ETF (159954), and Hang Seng Biotechnology ETF (159615) all rose more than 2%, and Hang Seng Index ETF (513600) rose 1.73%. Ping An Securities believes that this week, Hong Kong stocks will enter the period of intensive financial reporting. If foreign capital flows back to Hong Kong stocks, they may bet on the performance of Hong Kong stocks in the second quarter financial report. A GTJA research report pointed out that with Hong Kong stocks at a low valuation, they are expected to fully benefit from the return of overseas capital and global allocation rebalancing in the second half of the year. The Hong Kong stock market has entered a range of allocation, and the space for future rebound is promising, with greater potential for growth.