[CITIC Securities: Fundamental expectations for Hong Kong stocks have entered the bottoming stage] On October 11, a CITIC Securities research report pointed out that for Hong Kong stocks, although overseas interest rate hike cycles and AI kinetic energy trading have restarted, liquidity is still under pressure, fundamental expectations have bottomed out, and the profit growth expectations of major broad-based indexes have begun to be revised upward. Industry profit forecast adjustments have become significantly differentiated, with some segments experiencing upward revisions, while domestic demand-related industry profit forecasts are still under pressure to be revised downwards. The subsequent third quarter results will be an important basis for judging the progress of repairs. The research report recommends that investors remain patient on Hong Kong stocks, and it is expected that short-term dividend strategies will still relatively outperform.