11月中,港股见到了预期中的下调。我们无法判断会不会再下行22,800或更低,但可以肯定的是,港股将在波动中上升,下调后很多股票已具投资或短炒价值。对于新利淡,我们认为:市场预期加息周期已开始,信货将进一步收缩,人民币年升5%或会成为事实;目 In mid-November, Hong Kong stocks saw the expected downward revision. We can not tell whether we will go down another 22,800 or below. However, it is certain that Hong Kong stocks will rise in volatility. After the downgrade, many stocks have been invested or short-fried. For the new bullish tone, we think: The market is expected to raise interest rates cycle has begun, the letter will further shrink the renminbi 5% annual increase may become a reality;