HSI first fell after the 20–30% adjusted space for the year to see 21000

UBS Wealth Management and securities adviser Ludong yesterday that the future of Hong Kong stocks still have 20–30% adjustment space, at 16,500 to 16,800 points of support, I believe that this year's reasonable value of 21,000 points, but is not a bear market, but the deep adjustment of the bull market, because the bear market involved in corporate profits fell every year, But this year there is still room for growth in corporate earnings.　　He added that Hong Kong stocks and the worst of the economy had passed, but the United States had not.　　Ludong pointed out that because of the cheap money, and the developed countries are less worthy of investment projects, so the funds flow to emerging markets, the next 12-18 months is expected to maintain the low interest environment.　　Ludong said that in the first half of next year there was a mild deflation crisis in Hong Kong, and a large number of "printing paper" in the United States had already planted the seeds of fear-oriented inflation in the economy, but this should not happen 2010 years ago. As for the property market, there is no bubble at present, which is different from the speculative property speculation in 1997. He said he believed the mainland would not shrink the bailout fund because the mainland economy relied mainly on domestic demand.