---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39366691.md"
description: "On the Hong Kong stock market side, I've been waiting for the China recovery narrative to materialize, but honestly, I'm getting a bit nervous waiting📊. Copper prices are weak, RMB exchange rate pressure persists, and credit spreads haven't improved much. I have doubts about the self-consistency of the recovery story. I really don't dare to touch the risks of Yuexiu Property. If the narrative is disproven, I'll first retreat to more defensive positions like Bank of China and China Life Insurance."
datetime: "2026-03-19T10:03:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39366691.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39366691.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39366691.md)
author: "[与价值同行](https://longbridge.com/en/profiles/25864997.md)"
---

# On the Hong Kong stock market side, I've been wait…


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