Futu Securities: Under optimistic circumstances, the Hang Seng Index target is expected to reach 34,000 points next year

The Zhitong Finance App learned that Tam Chi-lok, chief analyst at Futu Securities, said that despite facing challenges such as interest rate changes, the Federal Reserve's interest rate reduction cycle, and HIBOR increases, he is still optimistic about the trend of Hong Kong stocks in 2026. Looking ahead to next year, benefiting from revisions in valuations and the growth of the technology industry, the 2026 target for the Hang Seng Index is predicted to be 31,000 points; if the macroeconomic environment improves and overall corporate profits continue to grow, the target is expected to reach 34,000 points under optimistic circumstances.

Tam Chi-lok pointed out that the Hong Kong IPO market has clearly picked up this year, and the arrival of many large IPOs in Hong Kong has caused a boom and boosted the performance of the securities market. Hong Kong stocks were active this year, with the Hang Seng Index rising significantly. Commodity gold and silver also showed strong performance.

In 2025, Hong Kong stocks, especially the Hang Seng Index and Hang Seng Technology Index, performed well, outperforming many major international market indicators. Trading volume increased significantly, reflecting large capital inflows. It is expected that the market conditions will continue to grow steadily next year.