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V. Valuation Analysis of China Stock Exchange in 2024Third, the characteristics of China Stock ExchangeAt the end of the day, Hong Kong stocks rose sharply, with the Hang Seng Technology Index rising more than 4% and the Hang Seng Index rising 2%. FTSE China A50 index futures rose sharply, once rising by more than 4%. Brokerage stocks of Hong Kong stocks strengthened in late trading, with China Merchants Securities rising over 13%, Everbright Securities and CITIC Securities rising over 7%, CITIC Jiantou Securities rising over 6%, CICC and china galaxy rising over 5%.

On November 22nd, the 11th world internet conference Wuzhen Summit ended successfully. The event attracted the participation of more than 1,800 experts from more than 130 countries, and the "next decade" of the Internet industry will remain a global concern.Internet ETF mainly invests in the underlying index constituent stocks and alternative constituent stocks, and its risk-return characteristics are similar to those of market portfolio represented by the underlying index.Third, Chinese stocks listed on the international market are usually liquid because they are aimed at global investors.

In short, from the valuation point of view, the stock market is attractive for investment this year and next, especially when the P/E ratio of Hang Seng Technology Index is at a historically low level. At the same time, considering the marginal improvement of domestic and international economic environment and policy support, the long-term investment value of China Stock Exchange has been recognized by the market. Investors can pay attention to head companies with large market capitalization and sectors that are differentiated and complementary to A-shares, so as to obtain better return on investment.V. Valuation Analysis of China Stock Exchange in 2024I am a practical person. I have always been optimistic about Hong Kong stocks, and my words and deeds are consistent. Let's see if it can be reversed this time.