<p>在利率已達到峯值且傳統資產之間的相關性已破裂的宏觀環境中，投資者不再能夠依賴被動持有現金，KGI 國際財富管理部負責人 James Wey 表示。因此，該公司維持其 “LEAD” 策略，即 “流動性轉移”、“以收益為中心”、“增加信貸” 和 “多元化資產”。</p>
<p>KGI 國際財富管理首席投資官 Cusson Leung 表示，展望 2026 年下半年，中國經濟預計將觸底並穩定，關注點將從 “高增長” 轉向 “高可見性”。在通縮緩解和寬鬆政策的背景下，他建議抓住四個主要機會。</p>
<p>首先，由貿易談判引發的波動性提供了長期積累的機會。其次，加速實現人工智能紅利，青睞大型模型領導者和機器人公司。第三，避免 “內卷” 的光伏行業，而是佈局風能和領先的鋰電池製造商。第四，大型國有銀行的淨息差壓力收窄凸顯了它們的防禦性和收益生成價值。總之，“技術創新” 和 “綠色能源” 應作為雙重增長引擎，而 “穩定的財務狀況” 則作為防禦性基石，以在市場波動中實現穩健收益。</p>
<p>KGI 維持對恒生指數 30,000 點的預測，並推薦 CHINAHONGQIAO (01378.HK) 0.000 (0.000%) 空頭頭寸 $211.30M; 比率 20.457%，SINO LAND (00083.HK) -0.120 (-1.035%) 空頭頭寸 $21.51M; 比率 25.586%，AKESO (09926.HK) -2.800 (-3.035%) 空頭頭寸 $185.43M; 比率 12.529%，COSCO SHIP HOLD (01919.HK) -0.500 (-3.353%) 空頭頭寸 $83.94M; 比率 21.054%，TENCENT (00700.HK) +6.800 (+1.523%) 空頭頭寸 $2.93B; 比率 17.025%，BABA-W (09988.HK) -1.700 (-1.431%) 空頭頭寸 $1.21B; 比率 15.389%，UBTECH ROBOTICS (09880.HK) -1.000 (-0.850%) 空頭頭寸 $155.90M; 比率 12.688%，GOLDWIND (02208.HK) -0.070 (-0.599%) 空頭頭寸 $18.59M; 比率 5.259%，CATL (03750.HK) +8.000 (+1.171%) 空頭頭寸 $732.91M; 比率 40.138%，CCB (00939.HK) -0.070 (-0.799%) 空頭頭寸 $451.14M; 比率 21.004% 和 BANK OF CHINA (03988.HK) +0.030 (+0.560%) 空頭頭寸 $412.03M; 比率 21.151%。</p>
<p>（香港股票報價延遲至少 15 分鐘。短線交易數據截至 2026 年 6 月 9 日 16:25。）</p>

信和置業

恆生指數

優必選

HUMN

盈富基金

安碩恆生指數

南方兩倍看多恆指

南方一倍看空恆指

南方兩倍看空恆指

<p>KGI 預測中國經濟將在 2026 年下半年觸底並穩定，重點轉向高可見性。該公司推薦一種 “LEAD” 策略，強調流動性、收益、信用和多樣化。主要投資主題包括技術創新（人工智能、機器人技術）和綠色能源，穩定的金融股作為防禦性支撐。KGI 維持恒生指數目標為 30,000 點，並推薦如信和置業、騰訊、阿里巴巴和優必選等股票</p>

<p>In a macro environment where interest rates have peaked and correlations among traditional assets have broken down, investors can no longer rely on passively holding cash, James Wey, Head of International Wealth Management at KGI, stated. The firm therefore maintained its &#34;LEAD&#34; strategy, namely &#34;Liquidity Shift&#34;, &#34;Earnings Focused&#34;, &#34;Adding Credit&#34;, and &#34;Diversified Assets&#34;.</p>
<div class="lb-trans"><p>在利率已達到峯值且傳統資產之間的相關性已破裂的宏觀環境中，投資者不再能夠依賴被動持有現金，KGI 國際財富管理部負責人 James Wey 表示。因此，該公司維持其 “LEAD” 策略，即 “流動性轉移”、“以收益為中心”、“增加信貸” 和 “多元化資產”。</p>
</div><p>Cusson Leung, Chief Investment Officer of International Wealth Management at KGI, said that, looking ahead to 2H26, China economy is expected to bottom out and stabilize, with the focus shifting from &#34;high growth&#34; to &#34;high visibility&#34;. On the back of easing deflation and accommodative policies, he suggested capturing four major opportunities.</p>
<div class="lb-trans"><p>KGI 國際財富管理首席投資官 Cusson Leung 表示，展望 2026 年下半年，中國經濟預計將觸底並穩定，關注點將從 “高增長” 轉向 “高可見性”。在通縮緩解和寬鬆政策的背景下，他建議抓住四個主要機會。</p>
</div><p>First, volatility triggered by trade negotiations presents long-term accumulation opportunities. Second, accelerate realization of AI dividends, favoring large-model leaders and robotics companies. Third, avoid the &#34;involution&#34; photovoltaic sector and instead position in wind power and leading lithium battery makers. Fourth, narrowing NIM pressure for large state-owned banks highlights their defensive and income-generating value. In summary, &#34;technological innovation&#34; and &#34;green energy&#34; should serve as dual growth engines, with &#34;stable financials&#34; as a defensive cornerstone to achieve steady gains amid market volatility.</p>
<div class="lb-trans"><p>首先，由貿易談判引發的波動性提供了長期積累的機會。其次，加速實現人工智能紅利，青睞大型模型領導者和機器人公司。第三，避免 “內卷” 的光伏行業，而是佈局風能和領先的鋰電池製造商。第四，大型國有銀行的淨息差壓力收窄凸顯了它們的防禦性和收益生成價值。總之，“技術創新” 和 “綠色能源” 應作為雙重增長引擎，而 “穩定的財務狀況” 則作為防禦性基石，以在市場波動中實現穩健收益。</p>
</div><p>KGI maintained its forecast of 30,000 points for the HSI, and recommended CHINAHONGQIAO (01378.HK) 0.000 (0.000%)  Short selling $211.30M; Ratio 20.457%  , SINO LAND (00083.HK) -0.120 (-1.035%)  Short selling $21.51M; Ratio 25.586%  , AKESO (09926.HK) -2.800 (-3.035%)  Short selling $185.43M; Ratio 12.529%  , COSCO SHIP HOLD (01919.HK) -0.500 (-3.353%)  Short selling $83.94M; Ratio 21.054%  , TENCENT (00700.HK) +6.800 (+1.523%)  Short selling $2.93B; Ratio 17.025%  , BABA-W (09988.HK) -1.700 (-1.431%)  Short selling $1.21B; Ratio 15.389%  , UBTECH ROBOTICS (09880.HK) -1.000 (-0.850%)  Short selling $155.90M; Ratio 12.688%  , GOLDWIND (02208.HK) -0.070 (-0.599%)  Short selling $18.59M; Ratio 5.259%  , CATL (03750.HK) +8.000 (+1.171%)  Short selling $732.91M; Ratio 40.138%  , CCB (00939.HK) -0.070 (-0.799%)  Short selling $451.14M; Ratio 21.004%  and BANK OF CHINA (03988.HK) +0.030 (+0.560%)  Short selling $412.03M; Ratio 21.151%  .</p>
<div class="lb-trans"><p>KGI 維持對恒生指數 30,000 點的預測，並推薦 CHINAHONGQIAO (01378.HK) 0.000 (0.000%) 空頭頭寸 $211.30M; 比率 20.457%，SINO LAND (00083.HK) -0.120 (-1.035%) 空頭頭寸 $21.51M; 比率 25.586%，AKESO (09926.HK) -2.800 (-3.035%) 空頭頭寸 $185.43M; 比率 12.529%，COSCO SHIP HOLD (01919.HK) -0.500 (-3.353%) 空頭頭寸 $83.94M; 比率 21.054%，TENCENT (00700.HK) +6.800 (+1.523%) 空頭頭寸 $2.93B; 比率 17.025%，BABA-W (09988.HK) -1.700 (-1.431%) 空頭頭寸 $1.21B; 比率 15.389%，UBTECH ROBOTICS (09880.HK) -1.000 (-0.850%) 空頭頭寸 $155.90M; 比率 12.688%，GOLDWIND (02208.HK) -0.070 (-0.599%) 空頭頭寸 $18.59M; 比率 5.259%，CATL (03750.HK) +8.000 (+1.171%) 空頭頭寸 $732.91M; 比率 40.138%，CCB (00939.HK) -0.070 (-0.799%) 空頭頭寸 $451.14M; 比率 21.004% 和 BANK OF CHINA (03988.HK) +0.030 (+0.560%) 空頭頭寸 $412.03M; 比率 21.151%。</p>
</div><p>(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-09 16:25.)</p>
<div class="lb-trans"><p>（香港股票報價延遲至少 15 分鐘。短線交易數據截至 2026 年 6 月 9 日 16:25。）</p>
</div>

KGI Predicts CN Econ to Bottom Out and Stabilize in 2H26, Recommends SINO LAND, TENCENT, BABA-W, UBTECH ROBOTICS

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KGI 預測中國經濟將在 2026 年下半年觸底並趨於穩定，推薦信和置業、騰訊、阿里巴巴-W 和優必選