Morgan Asset Management's Executive Director and Director of Retail Business in Hong Kong, Tang Zhiheng, stated that the scale of monthly contribution funds from clients increased by 10% last year, with the number of clients using monthly contribution funds accounting for nearly 30% of the total clients. The monthly contribution funds mainly focus on stocks, particularly in the mainland and Hong Kong markets, reflecting many clients' view of market downturns as opportunities to enter the market, increase monthly contributions, and achieve better investment returns using the averaging method. It is understood that the averaging method is a method of regular and fixed investment that can mitigate the negative impact of asset volatility on investment returns. Earlier, the Fund Association used Trillions of MPF data as an example to point out that if the averaging method is used, the average returns of most fund categories for 1 year and 3 years are better than lump sum investments. Tang Zhiheng pointed out that many investors have not given up due to the decline in Hong Kong stocks but have instead increased their investments. The proportion of clients using monthly contribution funds has increased from 25% in 2022 to 29% in 2023. The overall scale of monthly contribution funds grew by 10% annually in 2023. Over 80% of the monthly contribution funds are invested in stocks, with a focus on the mainland and Hong Kong markets in Asia. Currently, Morgan Asset Management has around 14,000 retail clients in Hong Kong, and capital flows are returning to the Asian markets. In the past 2 months of 2024, the mainland and Hong Kong markets have had some breathing room, and the Fed's rate cut has become a consensus, just a matter of time. Tang Zhiheng pointed out that funds are shifting direction, with many clients reallocating assets from money market funds to fixed income instruments, such as government bonds and corporate bonds. Risk appetite in the Asian market has also returned, with Asian market-related funds accounting for nearly 40% of total fund sales, a proportion that has increased compared to the past two years, with a focus on stocks. Tang Zhiheng stated that although fixed deposit interest rates are high, there are reinvestment risks, as expected interest rates are likely to decline in the second half of the year, making it difficult for fixed deposits to maintain current interest rates. Tang Zhiheng said that clients want to maintain their investments during market fluctuations, and the averaging method is a good approach. The bank has seen an increasing number of young clients participating, with the younger client group under 40 growing by nearly 10% in the past 5 years, with many old clients introducing their children who have just entered society to monthly contribution funds. Tang Zhiheng recommends that readers allocate 20% of their income for regular, fixed investments after deducting necessary expenses, which is particularly important for investors with family responsibilities. As for the younger generation, starting with controlling expenses is essential.