On 10-11 September, Daiwa visited Tokyo to exchange views with local investors on the re-rating of the Chinese market, Daiwa said. Overall, more than half of the participants believed that the current A-share rally will be difficult to 'sustain' without fundamental support.On a positive note, as Hong Kong's economy steadily recovers, local high-dividend stocks, including SWIREPROPERTIES (01972.HK) 0.000 (0.000%) Short selling $12.16M; Ratio 9.642% and MTR CORPORATION (00066.HK) +0.120 (+0.451%) Short selling $50.21M; Ratio 27.448% , regained attention from Japanese institutional investors (who are mostly long-only value investors). Related NewsCiti Expects Optimized Capital Investment Scheme to Drive Continued Outperformance in Ultra-Luxury Housing Mkt; Top Picks LINK REIT/ SWIREPROPERTIES/ SHK PPTAlthough Hong Kong local stocks, as beneficiaries of the property market rebound, underperformed the broad market in 1H25, some investors were also optimistic about the potential for liquidity to continue driving the hike in the Chinese equity market, especially as households gradually move their money out of the banking system.Benefiting from more policies before the Fourth Plenum, Daiwa expected positive investor sentiment to continue in the coming weeks. However, facing increasing pressure on A-share valuations, the broker believed that it is currently advisable to shift focus back to the Hong Kong stock market.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-19 16:25.)