HSBC Securities Asia-Pacific Manager Lin Chuanying said that the expected rate cut in the United States will lower the cost of capital for companies, benefiting the entire Asian stock market. The growth momentum of China's internet industry and domestic construction-related companies is good. It is recommended to increase holdings in Chinese and Korean stocks, and also optimistic about the Indian stock market. HSBC Global Research Asia Chief Economist and Co-Head of Asia-Pacific, Van Lemin, predicts that the Federal Reserve will cut interest rates in September this year and three times next year. This means that the interest rate in the United States will continue to be above 4.25% by the end of next year. He mentioned that at the Third Plenum, China showed signs of openness and hopes to attract more capital into China, which is a very positive signal for Hong Kong. Van Lemin pointed out that Asian economies are still growing steadily, better than expected. He raised this year's GDP growth forecast for Asia (excluding Japan) to 4.7%. Considering the weak global growth situation, Asian exports have performed quite well, providing growth momentum for most Asian economies. He also believes that China remains the engine of economic growth in Asia and maintains a forecast of 4.9% GDP growth for China for the whole year. In terms of real estate, Van Lemin noted that there has been a partial recovery in mainland China's real estate sales recently, as well as a slight increase in contract sales. However, this does not mean that a major turning point is approaching. He expects more supportive measures in the coming months and predicts that mainland China may introduce more policies to help stabilize the real estate market in the future.