CCB CSI 300 Enhanced Index Fund (LOF)-A

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In a volatile market, the CSI 300 Quality Index (932431.CSI) has performed exceptionally well, outperforming the CSI 300 Index by 37 percentage points over the past decade. Since the beginning of this year, the index has also outperformed by 1.1 percentage points. Its compilation logic is based on return on equity (ROE), considering profitability stability and quality, selecting 50 high-performing stocks. The dividend yield of the CSI 300 Quality Index is 3.53%, higher than that of mainstream broad-based indices, and most constituent stocks offer dividends. In a turbulent market, investors may consider positioning in this index

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CSI 300

China Universal CSI 300 ETF

Aegon-Industrial CSI 300 Quality ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

Huatai-PB CSI 300 ETF

Want to stay calm in a volatile market? Check out some quality insights

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In recent years, global interest in Chinese assets has increased, and domestic ETFs are actively "going abroad," such as the CNI A500 ETF, which enters the international market through the connectivity mechanism, providing investors with more tools for Chinese asset allocation. At the same time, overseas funds continue to flow into the Chinese market, especially with the significant growth of Chinese-themed ETFs listed in the U.S. International asset management giants believe that Chinese stock valuations are attractive, and the market is expected to continue rising, with technology, pharmaceuticals, and new energy sectors worth paying attention to

Wallstreetcn

E Fund CNI Value 100 ETF

Changsheng CSI 300 Index Fund(LOF)-A

ISHARES A50

CSOP A50 ETF

Fullgoal CSI A50 ETF

CAM CSI300

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

iShares China Large Cap

Harvest FTSE China A50 ETF

iShares MSCI China

HS FCI50 ETF

Fullgoal CSI 500 ETF

China Southern CSI 500 ETF

Fortune SG SSE 180 Value ETF

Global capital targets Chinese assets, domestic ETFs go overseas to attract "fresh water"

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China's January PMI data indicates a weak start to 2026, with the official manufacturing PMI falling to 49.3, signaling contraction due to weak domestic demand. The non-manufacturing PMI also declined to 49.4, marking the weakest reading since late 2022. Despite some resilience in high-tech manufacturing, overall economic momentum is fragile, prompting policymakers to accelerate fiscal and monetary support. Retail sales have weakened, and authorities are focusing on stimulating household demand. Achieving a growth target of 4.5–5% for 2026 will require coordinated policy actions.

- China's January PMI data indicates a weak start to 2026, with domestic demand offsetting some resilience in high-tech manufacturing.  
- Manufacturing PMI fell to 49.3, signaling a contraction, while services and construction also dwindled, highlighting ongoing economic pressure.  
- Policymakers are accelerating targeted fiscal and monetary support amid limited confidence in a swift demand rebound, with future growth reliant on coordinated policy actions.

Investinglive

Tianshun

Yinhua MSCI China A ETF

E Fund MSCI China A Inclusion ETF

SANHE

China January PMI slips into contraction as weak demand clouds early-2026 growth outlook

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China’s official NBS Manufacturing PMI fell to 49.3 in January 2026 from 50.1 in the previous month, missing market estimates of 50.The latest result reflected a loss of momentum in factory activity at the start of the year due to subdued demand conditions and cautious business sentiment.

- In January 2026, China's official National Bureau of Statistics reported a manufacturing Purchasing Managers' Index (PMI) of 49.3, down from 50.1 the previous month and below the expected 50.  
- This decline indicates a weakening of factory activity at the beginning of the year due to soft demand and cautious business sentiment.  
- The results suggest ongoing challenges for the manufacturing sector in maintaining momentum.

Trading Economics

SSE Index

SSE TOTAL MARKET

China Manufacturing PMI Slips Back Into Contraction

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Over a dozen Chinese provinces have lowered their GDP growth targets for 2026, indicating a potential national target downgrade for the first time in four years. Major regions like Guangdong and Zhejiang have reduced their goals by 0.5 percentage points. This shift suggests that the national GDP growth target may be set between 4.5% and 5% during the upcoming legislative sessions, reflecting a more pragmatic approach to economic management amid sluggish consumer spending. Economists predict that this could delay monetary easing measures, including interest rate cuts, beyond the first quarter.

- More than ten Chinese provinces have lowered their economic growth targets for 2026, marking a potential first downgrade in four years.  
- Most of the 20 publicly planned regions have set lower GDP expansion goals compared to last year, with significant provinces like Guangdong and Zhejiang reducing targets by 0.5 percentage points.  
- This shift indicates a pragmatic approach to economic management, allowing policymakers more flexibility in stimulus measures amid ongoing challenges such as weak consumer spending and investment pressures.

Businesstimes News

SZSE Composite Index

CNI Shenzhen Enterprises Composite

Conglomerates Index

Chinese regions cut GDP goals in sign nationwide target may drop

The Yunnan Provincial Bureau of Statistics released a report stating that in the past five years, the proportion of real estate investment in Yunnan has decreased by more than half, while industrial investment has increased to over 30%. The report pointed out that during the "14th Five-Year Plan" period, Yunnan has shifted its approach to promoting investment growth, focusing on transitioning from real estate and infrastructure investment to industrial investment, while strengthening the collaboration between government and private investment, reducing high debt and extensive growth, and promoting effective investment

Yunnan's real estate investment proportion has decreased by more than half over the past five years, while industrial investment has increased to over 30%

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Cui Dongshu, Secretary-General of the Passenger Car Association, stated on January 27 that the automotive industry's profit is expected to reach 461 billion yuan in 2025, a year-on-year increase of 0.6%. This growth will reverse the trend of decline over the past three years, mainly supported by new momentum from the equipment manufacturing and high-tech manufacturing industries, while the profit structure of traditional industries continues to optimize, and the quality and efficiency of the industrial economy are continuously improving

Shenzhen Index

Cui Dongshu from the Passenger Car Association: The automotive industry profit in 2025 is expected to be 461 billion yuan, a year-on-year increase of 0.6%

China experienced its first annual rise in industrial profit in four years in 2025, with a 0.6% increase, as government efforts to curb excessive competition began to ease business pressures. December profits rose 5.3% year-on-year, reversing a decline from November. The auto industry saw a profit increase of 0.6%, aided by strong exports, while state-owned firms reported a 3.9% profit drop. The data reflects a shift in export strategies, mitigating the effects of U.S. tariffs on Chinese goods.

- Official data indicates that China achieved its first annual industrial profit growth in four years in 2025, amid government calls to end detrimental price competition.  
- Industrial profits rose by 5.3% year-on-year in December, reversing a 13.1% decline in November, resulting in a full-year profit increase of 0.6%.  
- The automotive sector benefitted from strong exports, helping it recover to a 0.6% profit growth after an 8% drop in 2024, while state-owned enterprises saw a 3.9% profit decline.

China posts first annual rise in industrial profit in four years in 2025

CCB CSI 300 Enhanced Index Fund (LOF)-A(165310.SZ)