The heads of state of China and the US had a phone call overnight (5th). Cheuk Wan Fan, Chief Investment Officer of Asia at HSBC Global Private Banking and Wealth, believed that the two sides released a more positive message, hoping to fight for the resumption of negotiations as soon as possible, including China's invitation of US President Donald Trump to visit China and emphasis that China and the US seek to improve relations, reflecting the desire of both sides to ease the previous tensions arising from the tariff issue, thus cooling down the situation.Related NewsCCBI Lists Low-valued, High Div. 'Defensive' Picks Among HK Stocks (Table)Fan reiterated the end-2025 target of 25,830 for the HSI, and believed that there is still upside room for Hong Kong stocks as a significant portion of the market capitalization of the HSI is driven by the earnings of Chinese companies, many of which can benefit from the boom in AI and others.