DAH SING Financial Conglomerates' Chief Economist and strategist, Wen Jiawei, stated that the Hang Seng Index currently has certain support at 17,000 points. If measures to stabilize the economy and the housing market are effective in allowing economic growth to stabilize and continue to boost corporate profit prospects, it could help the Hang Seng Index test the level near 23,100 points again in the first half of next year. Sectors with high dividend yields, domestic Consumer demand, and national policy support may have a more positive outlook.

Regarding interest rates, he expects that if the Federal Reserve reduces rates again this month, the market anticipates that the USA will not reduce rates again until March next year, which is expected to cause the best lending rate in Hong Kong to drop back to the levels seen before the interest rate hike cycle.

He stated that the overall economy in Hong Kong continues to face many challenges. The change in spending habits of residents going north and visitors from the mainland affects the development of the Retail Trade in Hong Kong. Furthermore, the resumption of 'one signing, multiple entries' in Shenzhen may have a limited impact on promoting the Retail Trade and attracting overnight visitors. Considering that local demand has not improved and exports also face considerable pressure, the estimated economic growth for Hong Kong next year is 2.8%.

He mentioned that Hong Kong's best lending rate will follow the USA's downward trend, and mortgage rates will also decrease. Coupled with the government's relaxation of Residential investment property mortgage ratios, this will help stabilize property prices and boost transaction volumes, but the continuous increase in the potential supply of new residential properties may limit the rebound space for second-hand property prices. It is predicted that the increase in property prices in Hong Kong next year will be below 5%.

Additionally, he pointed out that mainland China has unexpectedly launched extensive financial and MMF measures, and the central economic work conference expressed the need to stabilize the housing and stock markets. It will also raise the fiscal deficit target and vigorously stimulate Consumer spending, reflecting the determination of mainland China to stabilize the economy and the Real Estate market. However, whether these measures can truly be effective still requires some time to observe, with an estimated economic growth of 4.4% for mainland China next year.