Hong Kong stocks continue to hover around the 18,000 mark, with the State-owned Assets Supervision and Administration Commission's subsidiary, China New Investment, announcing last Wednesday (June 19) that it subscribed to the Hong Kong Stock Connect central enterprise dividend ETF, anticipating further deployment. Tan Huimin, Chief Investment Strategist at BNP Paribas Wealth Management Hong Kong, believes that the market is currently in a consolidation phase, with no significant inflow of foreign capital recently, and even signs of slight net outflows. Instead, there continues to be strong support from Chinese investors, with a Third Plenum meeting in the mainland in the coming weeks. If the authorities implement bold economic stimulus measures and introduce more reform plans, there may be a breakthrough in the market in the future; otherwise, the market is likely to remain in the range of 17,000 to 19,000 points in the short term. She pointed out that the national team was actively buying shares of high-yielding state-owned enterprises, with China New Investment's latest subscription to the Hong Kong Stock Connect central enterprise ETF, with the major weighted stocks being the "three barrels of oil" and the three major telecom companies, suggesting that investors could follow suit and buy on dips. As for other high-yielding state-owned enterprise stocks, she mentioned that some domestic insurance stocks also have dividend yields of 4 to 5%, with more attractive returns than domestic bank stocks. Tan Huimin believes that investors can continue to maintain a barbell strategy, with artificial intelligence (AI) being the hottest theme in the market at the moment. She agrees that related stocks are likely to be hot, indicating that the trend has just begun and may continue for several years. While the current hype is centered on US stocks, as AI develops to a new stage and becomes more widely used in various applications, there is great potential for software companies in the future. She also advised investors to avoid Hong Kong local utility stocks, even though the companies have high dividend yields, as the rate cut cycle has not yet begun and the high yield environment may impact the profitability of related companies.