Conglomerates Index

China Mobile Launches AI Computing Power Token Packages to Promote AI Popularization

ICBC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 215.58 B, EPS CNY 0.26

Xinhua Winshare FY2026 Q1 Earnings Release on April 29 After-Market BJT

ABC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 191.87 B

Sichuan Express FY2026 Q1 Earnings Release on April 29 After-Market (BJT)

CH ENERGY ENG to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

CMBI Releases Q1 Earnings Forecast and Future Outlook for Ping An

QDPI to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

China Life to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

Bank of China to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 166.47 B

CEB Bank to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

NCI to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

GAC Group to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 25.75 B, EPS CNY -0.0488

CMBC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast EPS CNY 0.31

CNCB to Release FY2026 Q1 Earnings Report on April 29 After-Market BJT

PICC Group to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

Ping An Securities Launches Perpetual Subordinated Bond Offering for 2026

XHW FY2026 Q1 Earnings Release Scheduled for April 29 After-Market BJT

CSPM to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

TSPGC FY2026 Q1 Earnings Release Scheduled for April 29 After-Market BJT

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① 09:00 China's April Loan Prime Rate (LPR); ② 14:00 Germany's March PPI; ③ 20:30 Canada's March CPI; ④ 23:00 German Chancellor Merz and ECB President Lagarde to deliver speeches;

Wallstreetcn

SSE Index

CSI 300

Shenzhen Index

Huaan Global Leading (DAX) ETF

Eastmoney Fund SSE 50 ETF

Harvest XETRA DAX PF ETF(QDII)

Reminder: Key Intraday Events to Watch (All Times Beijing Time)

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Yin Jianfeng, Chief Economist of Zhejiang Commercial Bank and Professor at the School of Finance of the University of International Business and Economics, stated at the 'China-Europe Lujiazui Financial 50 Forum · Spring 2026 Meeting' that China's economic structure is undergoing a shift from stabilization of old drivers to the rise of new ones, demonstrating remarkable resilience amid global asset volatility. He called for confidence in Chinese assets

Midea Group

MIDEA GROUP

Fullgoal CSI All Share Appliance ETF

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

Bosera CNI Top Household Appliances ETF

Yinhua CSI 300 Index Fund(LOF)-A

E Fund CSI Household & Appliances Top ETF

Guotai CSI All Share Household Appliances ETF

GF CSI All Share Household Appliances ETF

China Universal CSI 300 Index Initiating Fund(LOF)-C

CZBANK

Zhejiang Commercial Bank Chief Economist Yin Jianfeng: China's Economy Shows Stabilization of Old Drivers and Rise of New Ones

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China inflation cools to 1.0% in March, missing market expectations; core inflation tumbles to 1.1%

businessinsider

China inflation cools to 1.0% in March, missing market expectations; core inflation tumbles to 1.1%

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The mainland interbank offered rates have all declined, with the Shanghai Interbank Offered Rate (SHIBOR) for overnight loans falling by 0.4 basis points to 1.2220%. The one-week SHIBOR decreased by 0.1 basis points to 1.3230%. The one-month SHIBOR dropped by 0.35 basis points to 1.4685%. The three-month SHIBOR fell by 0.45 basis points to 1.4795%

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SZSE Composite Index

The overnight SHIBOR fell by 0.4 basis points to 1.2220 percent

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Tian Xuan pointed out that geopolitical conflicts have intensified global risk aversion, driving funds towards high credit, low volatility assets. Renminbi assets have become a new safe-haven option due to their independent economic cycle and optimized institutional environment. With the stabilization of the Chinese economy and policy support, foreign capital's allocation logic towards Chinese assets is shifting from short-term speculation to long-term holding

腾讯新闻 - 财经

Hwabao Wp S&P Hugangshen China Enhanced Value Index Fund(LOF)-A

Fortune SG SSE 180 Value ETF

A VP RMB MM

A BOS RMB MM

Dacheng China Hushengang 300 Index Fund(LOF)-A

A BOS RMB MM-R

Global Capital Shift? Tian Xuan: Under Geopolitical Conflicts, Renminbi Assets are Becoming the "New Safe Haven"

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Asian shares mostly higher ahead of Trump's deadline for Iran to reopen oil route

Barchart Option

Hang Seng Index

FTSE Straits Times Index

CSOP NIKKEI225

Hang Seng Composite LargeCap

Huaan MUFG N225 ETF(QDII)

Hang Seng Composite Index

Asian shares mostly higher ahead of Trump's deadline for Iran to reopen oil route

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CICC's research report released on April 4 pointed out that despite uncertainties in the short term, the logic supporting the "steady progress" of the A-share market remains valid in the medium term. The report analyzed the impact of the Middle East conflict on global markets, emphasizing the resilience of A-shares in terms of "defensive hedging" and "energy substitution." The short-term impact of rising oil prices on A-shares is mainly reflected in valuation pressure, while in the medium term, it affects corporate profitability. Historical data shows that when oil prices remain above $80 per barrel, the ROE and profit margins of the non-financial sector in A-shares will face pressure

SWS MU Shenzhen Composition Index Fund-A

E Fund CNI Value 100 ETF

Huatai-PB CSI 300 ETF

Guotai SSE Composite ETF

CICC

CAM CSI300

Guotai CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai SSE 180 Finance ETF

China Southern Shenzhen Stock Exchange Component Stock ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CICC Research: There is still uncertainty in the short term, but the logic supporting the "steady progress" of the A-share market remains valid in the medium term

On April 3rd, the Shanghai Stock Exchange's general pledged-style reverse repurchase GC004 fell to a minimum of 0.01% during the day, closing at 0.965%. This price is lower than the overnight rate, indicating a loose liquidity situation. GC001 and R-001 also saw declines, closing at 0.995% and 0.975%, respectively. Despite the extremely low annualized yield, transactions still occurred, reflecting ample market liquidity. CITIC Securities analysis suggests that as we enter April, the liquidity situation is quite loose

- On April 3, the Shanghai Stock Exchange's GC004 reverse repos closed at 0.965%, falling below the overnight interest rate, while other rates also showed significant declines, indicating a surplus in market liquidity.  
- Analysts noted that even trades yielding a mere 0.01% resulted in losses after fees, yet some investors continued to engage in these transactions, potentially due to a lack of knowledge about fees.  
- The People's Bank of China has maintained a stable liquidity environment, which may lead to modest increases in key rates without aggressive easing, depending on external economic pressures and domestic inflation trends.

The Shanghai Stock Exchange's general pledged-style reverse repurchase agreement GC004 dropped to as low as 0.01% during the trading session; industry insiders: the liquidity is quite ample entering April

- China's manufacturing Purchasing Managers' Index (PMI) fell to 50.8 in March from 52.1 in February, indicating continued but slowing growth in output and new orders.  
- Price inflation for inputs and outputs reached a four-year high, driven by rising costs attributed to Middle Eastern conflicts, which have prompted concerns about economic pressures.  
- Despite the challenges, manufacturers remain optimistic about future production, supported by rising demand and government policies, although confidence has waned due to increased costs and longer delivery times.

Reuters

China's factory activity expands but price pressures intensify, private PMI shows

As annual reports for 2025 are disclosed, 20 brokerages have become among the top ten circulating shareholders of 64 stocks. They newly invested in 22 stocks and actively increased holdings in 12 stocks. With the recovery and active trading in the A-share market, brokerages' proprietary trading strategies are shifting from single equity to diversified asset and multi-strategy robust allocations

Brokerages Newly Entered Top Ten Circulating Shareholders of 22 Stocks in Q4 Last Year

A recent Michael Page survey reveals that over one-third of companies in China plan to increase their workforce this year, with 36% intending to hire more staff. Domestic firms show the most optimism, with 48% planning to expand. The main drivers for hiring include new business lines and overall expansion. Sales roles are expected to see the strongest demand. However, foreign multinationals remain cautious, focusing on cost control. Additionally, companies are becoming skeptical about AI investments, with many prioritizing operational efficiency over new product development.

Yicai

Over Third of Firms in China Plan to Raise Headcount This Year, Michael Page Survey Finds

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Asian indices, including the Hang Seng, Nikkei 225, Shanghai Composite, and Kospi, fell on Thursday, reversing gains from the previous day amid rising optimism about US-Iran talks. The Nikkei 225 dropped 150 points, while the Hang Seng, Shanghai Composite, and Kospi fell by 350, 30, and 150 points, respectively. Concerns over the ongoing war in Iran and rising crude oil prices contributed to the decline. Major companies in the region, such as China Life Insurance and Meituan, saw significant losses, reflecting a risk-off sentiment among investors.

Invezz

China Life

CHINA LIFE

Hang Seng China Enterprises Index

Pro Ultrshrt Yen

MEITUAN

Meituan

Here's why the Hang Seng, Nikkei 225, Kospi, and Shanghai Composite are falling

China's third-ranking official, Zhao Leji, has stressed the need for political solutions to international disputes. His comments, reported by Bloomberg, highlight China's role as a stabilizing force amid global economic concerns, particularly regarding tensions in Iran. Zhao's statements reflect China's diplomatic strategy to address conflicts and reduce potential economic disruptions worldwide.

CoinLive

China Advocates Political Solutions Amid Global Economic Concerns

Happy weekend! Looking at this, I know everyone is in a good mood. That's good! However, it also reminds me, what about Hong Kong stocks? It's not that there are no good stocks in Hong Kong, but it's really hard to pick the right ones. So, US stocks are still the best investment choice. Sigh... Starting from last June, I continuously reduced my heavy holdings in Tencent (sold at an average price of around 570-580), and then switched all positions to assets related to US stock composite indices. Currently, there's a floating profit of 25%. Still happy.

Pro Shrt S&P 500

Global X FDS S&P 500 Covered Call ETF

Direxion S&P 500 Bear 3X

VG S&P 500

TENCENT

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

The S&amp;P 500 aggregate index is now trading at 23x forward earnings. This means if you buy the index today, you’re paying $23 for every $1 of expected earnings, a valuation driven heavily by mega-cap tech.Meanwhile, the equal-weight index trades at just 17x.Here, every stock in the S&amp;P 500 counts the same, so it strips out the dominance of the largest companies.The gap shows how concentrated the market has become: mega-caps are inflating the aggregate multiple, while the “average stock” looks much closer to long-term historical levels.So the real question: is the premium on Big Tech sustainable, or does the market need to cool off?Source: StockMarket.News

S&P 500

SPDR S&P 500

VG S&P 500 Grw

Conglomerates Index(000008.SH)

Conglomerates Index Stock Performance Chart

Reminder: Key Intraday Events to Watch (All Times Beijing Time)

Zhejiang Commercial Bank Chief Economist Yin Jianfeng: China's Economy Shows Stabilization of Old Drivers and Rise of New Ones

China inflation cools to 1.0% in March, missing market expectations; core inflation tumbles to 1.1%

The overnight SHIBOR fell by 0.4 basis points to 1.2220 percent

Global Capital Shift? Tian Xuan: Under Geopolitical Conflicts, Renminbi Assets are Becoming the "New Safe Haven"