<p>&#34;If you had 1 million today, what would you buy?&#34; Financial expert and Director of the Crown Business and Economic Research Center, Kwan Cheuk Chiu, stated that although Hong Kong property is currently at a relatively low level, 1 million is not a large amount, so he would choose to buy stocks instead of property. However, among Hong Kong stocks, he would consider buying local real estate stocks, such as Henderson Land (012) and CK Asset (1113), which are fundamentally stable and financially strong developers. Although major banks expect Henderson Land to cut dividends, Kwan believes that even with a dividend reduction, the stock still has a dividend yield of about 5 cents, and an improving property market will also benefit the stock price.</p>
<h2>Bank Stocks a Must-Buy, Standard Chartered Expected to Outperform HSBC</h2>
<p>Additionally, he candidly stated that bank stocks are also a &#34;must-buy,&#34; as international banks like HSBC (005) and Standard Chartered (2888) have recently become &#34;stronger,&#34; with particularly promising prospects in wealth management. Among the two, he would choose Standard Chartered, believing it has better upside potential than HSBC. Firstly, HSBC has already risen too much in recent months, and secondly, Standard Chartered is involved in financial technology projects such as stablecoins and RWA (Real World Assets), which provides greater growth potential in the future. The two sectors together account for 40% of the portfolio, or 400,000.</p>
<h2>Unfazed by AI Bubble Theories, Focus on Two Types of &#34;Money-Making&#34; Stocks</h2>
<p>As for U.S. stocks, although there have been discussions about an artificial intelligence (AI) bubble in recent times, Kwan admitted there is no need to worry. The major tech giants have updated their capital expenditure figures in their recent earnings reports, and he believes similar volatility will not reoccur in the next one or two quarters. However, among AI-related stocks, he suggests initially focusing on the Optical Communication and storage chip sectors, which could account for about 35% of the entire portfolio, or 350,000. As major tech companies spend heavily on building data centers, they will need products from these types of companies. He stated it is a case of &#34;they (the giants) spend money, you (Optical Communication and storage chip stocks) make money,&#34; naming Lumentum (LITE) and Ciena (CIEN) as stocks to watch.</p>
<p>With the remaining 15% of funds, he believes there are two options. One is to invest in a Money Market Fund, as these funds have high liquidity and can be cashed out when other investment opportunities arise, such as when large tech stocks break through. Additionally, he expects the U.S. to cut interest rates one or two more times this year, so investing in such funds can earn interest and also gain value during rate cuts, making it a relatively safe choice.</p>
<h2>Alphabet Replaces Nvidia as AI Stock King</h2>
<p>The second option is to invest the entire 150,000 into Google's parent company, Alphabet (GOOG). Google's AI large model received positive reviews last year and has its own AI chip, TPU. He believes Google has emerged as a leader in the AI battle, &#34;now it is the stock king, replacing Nvidia (NVDA).&#34;</p>
<p>At the onset of generative AI technology, the market was concerned that Google's search business would be replaced, but it has ultimately been confirmed that it was not threatened. Furthermore, Alphabet recently announced the issuance of a rare &#34;100-year bond,&#34; which he stated further demonstrates the company's confidence, &#34;If you ask Nvidia whether it will survive for 100 years, I wouldn't dare to think about it.&#34;
But Google believes that its own stickiness can last for 100 years, so I am very confident about this matter,&#34; and he believes it will reach $400 by the end of the year.</p>
<p>Regarding NVIDIA, Guan Zhuozhao believes that its &#34;explosive&#34; high growth period is nearing its end, and further increases in computing speed may not make much difference. He believes that the company's growth will gradually slow down next year.</p>
<h2>10% Holding in Gold ETF Advises Against Leverage</h2>
<p>Additionally, with the ongoing geopolitical tensions, gold has recently risen back to $5,100 per ounce. Guan Zhuozhao suggests holding about 5% to 10% in gold but emphasizes that one should never use leverage and should buy gold ETFs at levels around $4,400 to $4,600.</p>
<p>In summary, Guan Zhuozhao recommends allocating 40% of funds to Hong Kong stocks, including local real estate and bank stocks; 35% to U.S. stocks related to AI infrastructure, optical communication, and storage chip stocks; 10% to gold, and the final 15% can be invested in money market funds for flexibility, or all in on Google's parent company Alphabet, as he believes Google is already a winner in the AI battle.</p>
<p>Reporter: Ye Zhuowei</p>
<p>Related Articles:</p>
<p>If you had 1 million today, what would you buy? Wang Dunjing: 40% of funds for the down payment on a property | Million Portfolio</p>
<p>&#34;King of Gold&#34; boldly predicts breaking $6,000, at least 30% to buy gold and silver in chaotic times | Million Portfolio</p>
<p>If you had 1 million today, what would you buy? Zeng Yuancang: At an older age, should All In on dividend stocks | Million Portfolio</p>

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<p>Financial expert Kwan Cheuk-Chiu suggests that if one has HKD 1 million, they should choose to buy stocks rather than invest in the property market. He is optimistic about local real estate stocks such as Henderson Land and CK Asset, believing that even with reduced dividends, the dividend yield can still reach over 5%. In terms of bank stocks, he recommends Standard Chartered, considering its upside potential to be better than HSBC. Regarding U.S. stocks, Kwan is optimistic about optical communication and storage chip stocks, viewing them as beneficiaries of investments from tech giants. In the overall portfolio, real estate and bank stocks account for 40%, tech stocks for 35%, and the remaining 15% can be invested in money market funds</p>

- The article discusses investment strategies if one has 1 million HKD, recommending stocks over property due to relatively low amounts.  
- It emphasizes investing 40% in local real estate and banking stocks, 35% in US tech companies related to AI infrastructure, and 10% in gold, while keeping 15% flexible for cash management.  
- The author believes Alphabet is the new leader in AI investments, and advises caution against leveraging in gold investments.

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Hwabao WP CSI Banks ETF

China Southern CSI Banks ETF

China Merchants CSI BANK AH Price ETF

China Southern CSI All Share Real Estate ETF

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STANCHART

ChinaAMC CSI Banks ETF

CK ASSET

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

GF CSI All Share Financials ETF

WP CSI Banks ETF

Huaan CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Having 1 million in capital to buy stocks is better than buying property. Kwan Cheuk Chiu is optimistic about bank and real estate stocks, with a 15% bet on an AI stock | Million-dollar portfolio