Morgan Stanley Investment Management's Xu Changtai expects the Hang Seng Index to rise above 27,000, focusing on foreign capital increasing allocation to Hong Kong stocks

Morgan Asset Management's Chief Market Strategist for the Asia-Pacific region, Xu Changtai, expects the Hang Seng Index to return to 27,000 points, mainly benefiting from foreign capital inflows into the Hong Kong stock market. He pointed out that if the situation in the Middle East stabilizes, oil prices may fall back to $80 to $90, and the Federal Reserve may consider cutting interest rates. Xu Changtai believes that China's economic growth target is 4.5%, but issues in the real estate and labor markets will take time to resolve. Overseas investors have digested these issues and are focusing on the profitability of Chinese companies and government policies