Yiu Che Securities Chairman Ye Maolin expects that with factors such as US President Trump's plan to suppress China and the Chinese government's measures to stimulate the stock market this year, the Hang Seng Index is expected to operate within a range of 20,000 to 25,000 points for the whole year. He believes that the current bull market is not over yet and there is a chance to reach levels of 23,000 to 24,000 points. Ye Maolin, Chairman of Yiu Che Securities, stated that Hong Kong continues to run deficits, and he suggested that the government should bring in more talented financial experts to help reverse the weak economy of Hong Kong. He hopes that the government will implement tax reduction measures as soon as possible, as he believes that reducing taxes can attract foreign investment and talent to boost the weak economy of Hong Kong and solidify its position as an international financial center. If tax reduction measures are implemented, it will further activate the capital market and naturally increase tax revenue. Regarding stock stamp duty, he believes that reducing the stock stamp duty can lower trading costs and attract more investors to participate in the stock market. However, the government should also focus on how to activate the capital market in Hong Kong to make the reduction of stamp duty more effective. With increased transactions, tax revenue will naturally rise. Furthermore, regarding the development of US-China relations, he expressed concerns about President Trump's unpredictable policies, which may lead to unexpected actions like reversing interest rate cuts to hikes. This could affect the housing market in Hong Kong, which was expected to recover. As for commercial buildings and shops, he advised taking a wait-and-see approach. Executive Director and CEO Xu Yibin stated that as the Year of the Snake begins, the stock market has continued to prosper with the market reacting positively to President Trump's policies. He mentioned the boost from DeepSeek and AI trends, leading to the Hang Seng Index trading above 300 billion Hong Kong dollars recently and breaking through the 22,500-point level last Friday (February 14). This momentum can be compared to the efforts made last October to save the domestic capital market. Yiu Che Securities Research Department Director Zhi Yaohui mentioned that Hong Kong stocks recently benefited from the DeepSeek concept and significant inflows of northern capital, resulting in substantial gains. Moving forward, they will continue to monitor the dynamics of the northern capital and any positive news related to the development of the mainland AI industry. Additionally, stabilizing above the 250-month moving average is crucial as it indicates a potential market turnaround, with a chance to challenge the high levels of 23,200 points from last year. While US stocks have not performed as well as Hong Kong stocks this year, with support from corporate profits and continued benefits from AI development, they are expected to provide satisfactory returns throughout the year, with the S&P 500 index potentially reaching 6,500 points. The sector also continues to favor stocks related to artificial intelligence.