Commentary

Structural Opportunities Emerge in A-Shares, Telecom Sector Leads Gains

CSI 300 Up 1.95% The A-share market continues its upward trend. Current market conditions indicate that risk appetite remains in a relatively positive zone, providing a solid foundation for ongoing identification of structural investment opportunities. Major indices strengthened overall this week, though style and sectoral divergence persists. The SSE Index(000001)

Hong Kong Equities Stage Mild Rebound Amid Triple Support

Hang Seng Up 0.5% Due to New Year’s Day holiday arrangements, next week’s weekly report will be suspended for one week. As we approach the 2026 New Year, we extend our early wishes for a prosperous new journey, grand achievements, and continued success! The Hang Seng Index(HSI) rose modestly by

A-Shares Show Steady Gains Amid Supportive Global Policy Environment

CSI 300 Falls 0.28% The A-share market continues its upward trend. Market sentiment remains in a relatively positive risk-appetite zone, providing a favorable environment for sustained pursuit of structural investment opportunities. This week, major indices diverged in performance. The SSE Index(000001) rose by 0.03%, trading above its 5-day, 10-day, and

Hong Kong Equities Under Pressure As Southbound Flows Defy the Downturn

Hang Seng Falls 1.1% This week, the Hong Kong equity market faced broad pressure. The Hang Seng Index(HSI) declined by 1.1% for the week, while the Hang Seng TECH Index(HSTECH) performed even weaker, dropping 2.82%. Trading activity remained subdued: HSI’s final-day volume was 7.93% below its 50-day average, and HSTECH’s

A-Shares Attempt Rebound As Policy-Driven Sectors Gain Momentum

CSI 300 Falls 0.08% This week, the A-share market entered a tentative rebound phase, with investor sentiment oscillating amid a flurry of domestic macro policy announcements and shifting external interest rate expectations. The SSE Index(000001) declined by 0.34% for the week. After briefly consolidating above its 5-day and 10-day moving

Hong Kong Equities Edge Lower Amid Policy Optimizations Bolstering Hopes for Mainland China-Linked Sector Recovery

Hang Seng Falls 0.42% The Hang Seng Index(HSI) declined modestly by -0.42% this week, while the Hang Seng TECH Index(HSTECH) fell -0.43%. Hong Kong equities showed overall weakness, primarily weighed down by heightened market divergence over the Fed’s 2026 rate-cut trajectory following its December policy meeting, and by lackluster property