The pilot program for free-travel to Hong Kong stocks, launched in the Binhai area of Tianjin, not only ignited the Hong Kong stock market but also fully stimulated the offshore investment and wealth management market in mainland China. Even before the official launch of the free-travel program to Hong Kong stocks, there has been a long queue for reservation registration. In comparison with the increasingly high A-share index and the average market price-to-earnings ratio, the "cheapness" of Hong Kong stocks is an important reason why many people are targeting this free-travel program. Can one really find good bargains in the Hong Kong securities market?