STANCHART: Chinese stock market valuation is already very low, optimistic about non-essential goods and technology sectors.

Chinese stock market valuation is currently very low, and STANCHART is optimistic about the non-essential goods and technology sectors. STANCHART has also given an "overweight" rating to the communication and non-essential goods sectors in China, and raised the rating of the technology sector to "overweight". In addition, STANCHART has raised the ratings of the health management and utilities sectors to "neutral". STANCHART believes that there are still uncertainties in mainland China's policies, but it is expected that the US interest rate hike cycle will end in the next 12 months, and the rate adjustment will support Hong Kong property stocks. STANCHART expects the US dollar to depreciate moderately, and anticipates that the US dollar will fluctuate narrowly in the next 3 months.