GTJA pointed out that the Hong Kong stock market in the fourth quarter has significant investment opportunities in terms of profitability, liquidity, and risk appetite. In the short term, bullish on internet retail, innovative drugs, semiconductors and other areas, while in the long term, it is recommended to focus on dividend assets such as communication and petrochemicals. However, attention should be paid to potential risks, such as domestic growth stabilization policies falling short of expectations and core inflation in the USA exceeding expectations.