Morning Trend | Chongqing Rural Commercial Bank sees a rapid increase in capital outflow, regional finance under pressure may have uncertainties?

Chongqing Rural Commercial Bank (3618.HK) closed weaker on January 8, with continued capital outflows. Risk aversion sentiment in the regional financial sector has intensified, with trading dominated by sell orders. Credit growth data in the Chongqing region has slowed, raising market concerns about asset quality and capital adequacy ratio decline. There are clear signs of major players exiting, and in the short term, it can only fluctuate around the support level of HKD 5.90. From a technical perspective, the MACD is trending downwards, and the short-term moving averages are converging, with no strong consensus among bulls and bears. The industry's capital rotation is primarily defensive, and the overall momentum in the financial sector has been insufficient recently. Caution is advised regarding the potential traps from low-level anomalies, and it is recommended to closely monitor intraday capital flows and regional policy dynamics, as volatility risks are significant, with right-side capital focusing on the gains and losses of intraday technical defenses