Recently, Fidelity International data showed that the performance of the financial markets in 2023 developed individually, with the overall annual return of Hong Kong's Trillions of MPF reaching 4.91%, with the most ideal performances coming from US equity funds at 26.2% and Japanese equity funds at 22.8%. The organization believes that the market conditions will continue to be complex in 2024, with macroeconomic and market cycles shortening and changing faster. It is expected that the market will continue to have a soft landing for a period of time, with a 60% possibility of a cyclical recession occurring within the next 12 months. Investors should be prepared to deal with different situations and focus on long-term diversified investments in Trillions of MPF. Fidelity International's Director of Investment Strategy, Jian Liheng, stated that the dovish stance of various central banks has boosted the stock market and increased consensus on a soft landing. Fidelity continues to be optimistic about the global stock market performance and has increased its holdings in US stocks. The market generally expects a soft landing for the US economy, and the Federal Reserve may start reducing interest rates earlier than expected. In addition, with strong consumer confidence in the US, the economy is expected to stay in a later stage of growth for a longer period of time. Close attention is being paid to the ongoing tightening credit environment, higher financing costs, and the accumulating effects of monetary policy. In an environment where concerns about persistent high inflation prevail, economic data fluctuations may affect market trends later this year. In Europe, Jian mentioned that weak economic growth and significant decline in inflation data suggest that the European Central Bank's stance will become more moderate following the Federal Reserve. Signs of stability are emerging in the European economy, and some valuations such as local consumer-related sectors are attractive, leading to an increase in the allocation of European stocks. As for Asia, the Japanese stock market has benefited from strong domestic recovery last year, but actual conditions still need to catch up with market expectations. Recently, the economy has unexpectedly weakened, with expectations of rising inflation and the further normalization of monetary policy by the Bank of Japan, leading to a neutral view on the Japanese market. Furthermore, Fidelity suggests that investors should look at other markets in Asia and emerging markets, such as the strong Indian economy providing long-term structural growth opportunities, and the semiconductor cycle improvement continuing to support the technology-driven Korean market. Additionally, Latin American markets benefit from loose monetary policies and attractive valuations, making them worth investors' attention.