Fullgoal CSI Dividend Low Volatility ETF

Minsheng Bank's Net Interest Margin Stabilizes, Revenue Grows but Net Profit Drops Sharply

Minsheng Bank Releases Digital Finance White Paper Showcasing Top-level Planning and Innovation Achievements

JPMorgan Issues Underperforming Q1 Earnings Report for China Minsheng Bank

Minsheng Bank reports a 9.64% YoY decline in net profit in Q1 2026

ShaanGu released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 2.588 B, actual EPS CNY 0.11

CMBC released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 23.93 B, actual EPS CNY 0.26 (forecast EPS CNY 0.31)

Ping An Announces 7.4% YoY Drop in Q1 2026 Net Profit

GREE released FY2025 Annual Earnings on April 28 After-Market (BJT), Actual Revenue: CNY 170.45 B (Forecast: CNY 182.46 B), Actual EPS: CNY 5.2 (Forecast: CNY 5.4503)

GREE released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 33.94 B (forecast CNY 40.25 B), actual EPS CNY 1.3395 (forecast CNY 1.5198)

GREE released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 42.97 B (forecast CNY 37.75 B), actual EPS CNY 1.09 (forecast CNY 0.92)

China Minsheng Bank Announces 2025 Annual Report

Cofco Sugar released FY2026 Q1 earnings on April 27 After-Market (BJT), actual revenue CNY 4.3 B, actual EPS CNY 0.101

Cofco Sugar released FY2025 Q4 earnings on April 27 After-Market (BJT), actual revenue CNY 6.206 B, actual EPS CNY 0.0636

Cofco Sugar released FY2025 earnings on April 27 After-Market (BJT), actual revenue CNY 26.51 B (forecast CNY 30.75 B), actual EPS CNY 0.4447 (forecast CNY 0.52)

JD and Gree Sign Deep Cooperation Agreement, Launch Full Package Air Conditioner Replacement Service

Huachun Jiangzhong Q1 2026 Financial Results: Revenue Down, Net Profit Up

CRJZ released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue CNY 1.036 B (forecast CNY 1.216 B), actual EPS CNY 0.46 (forecast CNY 0.4548)

PAB released FY2026 Q1 earnings on April 24 During-Market (BJT), actual revenue CNY 27.3 B (forecast CNY 33.64 B), actual EPS CNY 0.67 (forecast CNY 0.6569)

SUNWAY released FY2026 Q1 earnings on April 24 After-Market BJT, actual revenue CNY 463.65 M, actual EPS CNY -0.0015

ShaanGu to Release FY2026 Q1 Earnings on April 30 After-Market (BJT)

Shanghai's buyback program for small pre-owned homes has successfully acquired 523 units, revitalizing the housing market. The program, launched in February, targets homes under 70 square meters and priced below CNY4 million. Homeowners receive housing vouchers instead of cash, facilitating quicker upgrades. The initiative aims to support young workers and new residents, with plans to expand to all downtown districts. April sales surged 22.3%, indicating strong market momentum, with May sales projected to exceed 20,000 units, marking a significant recovery.

Yicai

Shanghai’s Small-Home Buyback Program Gains Traction With 523 Units Acquired

Private equity activity in China is increasing, with a focus on technology sectors like AI and robotics. Limited partners are being selective, with 37 companies raising $13.26 billion on the Hong Kong stock exchange in Q1 2025, a significant year-on-year increase. Despite liquidity concerns and a backlog of IPOs, experts believe the structural case for investing in China remains strong, driven by supply-chain security and innovation potential.

SCMP

SUN HUNG KAI CO

London Stock Exchange Group plc

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

China private equity activity picks up as investors focus on tech, AI prospects

The global electric vehicle (EV) market is thriving, with sales surpassing 20 million units last year, particularly in China and Latin America. However, the U.S. market is stagnating at around 10% market share due to policy setbacks. Chinese automakers are leading growth, making EVs more affordable in emerging markets. Legacy automakers risk losing market share if they don't adapt to the EV trend, while the U.S. government pushes for fossil fuel reliance, facing challenges as the global market shifts towards electric vehicles.

TechCrunch

Rivian Automotive

Lucid

Gartner

Honda Motor Co., Ltd.

Honda Motor

Tesla

BYD COMPANY

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Global EV market goes K-shaped as the U.S. gets left behind

China has introduced a policy to promote multi-user direct green power connection projects, aiming to enhance local consumption of renewable electricity. This initiative supports the dual-carbon agenda and allows users to utilize nearby renewable resources. The policy prioritizes emerging industries and sets stricter consumption requirements, mandating that at least 60% of a project's electricity must be self-consumed. The move is seen as a significant step towards improving renewable energy consumption and transitioning to greener industrial production.

China Encourages Multi-User Renewable Power Supply Projects to Boost Local Consumption

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As HK stocks closed on May 20, the broader market trended weaker amid soaring global long-term bond yields and developments among tech giants. The three major indices showed divergent performance, with the Hang Seng Tech Index bucking the trend to edge up 0.34%. On the trading floor, the semiconductor sector exploded collectively under multiple positive catalysts, with SMIC recording over HK$18.8 billion in turnover, while HUA HONG SEMI and GigaDevice both posted double-digit gains. Additionally, Alibaba's release of its self-developed AI chip spurred activity in computing power concepts, whereas gold resource stocks and certain tech majority stake stocks generally pulled back under pressure from the high-interest-rate environment

Market Pulse

HUA HONG SEMI

GIGADEVICE

SMIC

TENCENT

BABA-W

MONTAGE TECH

ZIJIN MINING

ZIJIN GOLD INTL

KUAISHOU-W

BILIBILI-W

SICC

Micron Tech

Intel

JPMorgan Chase

NVIDIA

KB LAMINATES

LENOVO GROUP

SH ELECTRIC

OpenAI

Alphabet

LAOPU GOLD

ZTO EXPRESS-W

TOPNC

HAICHANG HLDG

51WORLD

TRACKER FUND

HSCEI ETF

CSOP HS TECH

XL2CSOPHYNIX

XIAOMI-W

SMIC HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Hua Hong

Montage Technology

Zijin Mining

KUAISHOU-WR

Bilibili

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

NVIDIA Corporation

LENOVO GROUP-R

Lenovo Group

Shanghai Electric

Alphabet - C

Laopu Gld HK SDR 50to1

ZTO Express

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

HK Stocks Close | Major Indices Diverge, Semiconductor Sector Surges, GigaDevice Jumps Nearly 17%

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526050

On May 20th, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose over 3% during the trading session, with constituent stocks SMIC and Hua Hong Semiconductor surging 11.53% and 14.24%, respectively. This increase was mainly catalyzed by the large-scale expansion cycle in storage, leading to a collective explosion in the semiconductor sector, with the ETF focusing on hard technology and highlighting its allocation value

同壁财经

China Merchants CSI HK Connect Information Technology Composite ETF

Hang Seng TECH Index

SENSETIME-W

SENSETIME-WR

Punching the Hang Seng Tech and kicking the Chinese concept internet! The Hong Kong Stock Connect Information Technology (526050) rose over 3% during the session

China maintains its lending rates, with the one-year LPR at 3.00% and the five-year at 3.50%, meeting market expectations. Analysts suggest Beijing prefers targeted fiscal stimulus over rate cuts due to inflation concerns. Meanwhile, global currencies are affected by central bank policies and geopolitical inflation risks.

- China's one-year LPR remains unchanged at 3.00%, and the five-year LPR stays at 3.50%, meeting market expectations.  
- Analysts believe Beijing prefers targeted fiscal stimulus instead of rate cuts due to inflation concerns and a changing policy tone.  
- Currency fluctuations are influenced by dollar strength, yen weakness, and euro pressure, reflecting differing central bank policies and geopolitical inflation risks.

China holds lending rates steady as global currencies shift

China's exports of wind, solar, and EV technologies are at record levels, driven by global demand and financing. The U.S. Treasury shows no urgency to renew the tariff and critical minerals truce expiring in November 2025, raising concerns about Western dependency on China's dominance in green tech and critical minerals.

China's green tech export surge tests US trade stance

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Recently, the A-share market has been volatile, oil prices are rising, and both PPI and CPI continue to rebound. Dividend assets have become the preferred choice for hedging against inflation and obtaining stable returns. Dividend assets are characterized by stable earnings and abundant cash flow, making them suitable for benefiting during inflationary cycles. The CSI Dividend Index and the CSI Dividend Low Volatility Index are investment tools worth paying attention to; the former focuses on high-dividend companies, while the latter emphasizes defensive attributes, making it suitable for investors in a volatile market

腾讯新闻 - 财经

ChinaAMC CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF

Tianhong CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF

E Fund CSI Dividend Low Volatility ETF

CSI 300

Huatai-PB CSI 300 ETF

ChinaAMC CSI 300 ETF

E Fund CSI 300 ETF Initiating Fund

ChinaAMC CSI Dividend Low Volatility ETF

中证红利

Harvest SZSE SME-ChiNext Composite 300 ETF

New China CSI Dividend Low Volatility ETF

China Merchants CSI Dividend ETF

With stock market fluctuations and inflation, can dividend ETFs break the deadlock?

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On March 27, the central bank held the 2026 Financial Stability Work Conference, adding columns on "Market Value Management" and "Medium and Long-term Capital Inflow" for the first time, aiming to promote a virtuous cycle between the capital market and the real economy. CMSC believes that this policy will enhance the allocation value of high-dividend, low-volatility assets, especially for large commercial banks. As of March 30, 2026, the Dividend Low Volatility Index rose by 0.55%, and the WP CSI Banks Index rose by 0.25%

WP CSI Banks ETF

CMSC

Hwabao WP CSI Banks ETF

E Fund CSI Banks ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Invesco Great Wall CSI Dividend Low Volatility 100 ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

The first addition of "Market Value Management" and "Medium to Long-term Capital Entry" columns! How do institutions view this?

Fullgoal CSI Dividend Low Volatility ETF(159525.SZ)