The strategy group of Guojin Securities issued a report saying that it would maintain a tight grip on growth + brokerage companies to "grab the rebound". A-shares and Hong Kong stocks have rebounded steadily, and may even usher in a major upward wave beyond expectations - behind the 10-year U.S. Treasury interest rate has accelerated downward more than expected, and northbound funds may trend and return significantly. Among them, Hong Kong stocks are more resilient, and we should remain optimistic in the period. However, in the medium and long term, we do not look at the reversal and even prefer to be cautious: on the one hand, next year's overseas liquidity trap may interrupt the logic of the rebound; On the other hand, the trend of domestic economic recovery is not clear, and there may even be a "double bottom".