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CITIC Securities sold 1,100 ordinary shares of ENN Natural Gas Co., Ltd. on December 19, 2025, as part of creating new index-tracking ETFs. The shares represent less than 1% of the class in issue and less than 20% of the basket's value. This AI-generated news is for informational purposes and not financial advice.
Liu Chenming stated that the core logic of global asset pricing in 2026 is "debt resolution," and AI and resource products are essentially different manifestations of the same macro path. The current profit structure of A-shares has undergone a qualitative change, with the proportion of emerging industries and overseas markets rising to 40%, which has detached the stock market from the traditional macro "barometer" logic. He is optimistic about a "slow bull" market driven by the rebound in ROE in 2026 and pointed out that as the main sector pulls back to a suitable level, December to January of the following year is a key layout window
