[The main line of Hong Kong stock allocation emerges, "Dividend bottom position + AI attack" gradually becomes an institutional consensus] September 30th, as the third quarter market comes to an end, the Hong Kong stock market is ushering in a new round of layout window period after experiencing a shock correction in September. A number of brokerage firms have recently released their opinions on Hong Kong stock allocations. It is generally believed that the margin of external disturbances has eased, the space for valuation contraction is limited, and the correction is expected to provide opportunities for layout. At the allocation level, the barbell strategy of "dividend bottom position + AI offense" has gradually become the mainstream consensus of institutions. The growth end focuses on the AI ​​application chain, and the defensive end anchors dividend assets. Analysts believe that as the third quarterly report disclosure period approaches, the market’s focus is shifting from trading macro disturbances to verifying fundamentals. The progress of AI commercialization and the sustainability of dividends from high-dividend assets will together constitute important considerations for Hong Kong stock allocation. (China Securities Journal)