Fullgoal CSI Communication Equipment Thematic ETF(159583.SZ)

In the Hong Kong stock market, the Hang Seng Index fell 11 points in the first half of the day, while POP MART rose over 8%, with consumer stocks showing an upward trend

The Hong Kong stock market fluctuated in the early session, with the Hang Seng Index opening down 19 points, rising a maximum of 74 points before retreating, ultimately closing down 11 points at 26,552 points. The National Index and the Hang Seng Tech Index fell by 11 points and 38 points, respectively. The total turnover was HKD 129.845 billion. Technology stocks generally declined, with Tencent, Baidu, Alibaba, and others all experiencing drops, while only JD.com and Bilibili saw slight increases. Consumer stocks performed relatively strongly, with POP MART rising over 8%

China calls on EU not to hurt enterprises' investment confidence

China's foreign ministry urged the EU not to undermine investment confidence following reports of a proposal to phase out Chinese suppliers from critical infrastructure. The ministry criticized the move as "naked protectionism" and called for a fair business environment for Chinese firms. The EU's proposal, which targets companies like Huawei and ZTE, is part of a broader strategy to reduce reliance on Chinese enterprises in key sectors. China warned that politicizing trade could hinder technological progress and economic growth.

Notice: The State Council Information Office will hold a press conference on January 21, 2026 (Wednesday) at 10:00 AM, where Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology, will introduce the achievements of industrial and information technology development in 2025 and answer questions from reporters

Space sector eyes further investment growth in 2026 after record year

Global investment in space technology is expected to rise in 2026, driven by government spending on defense-linked satellite systems and private sector investments. The U.S. led with $7.3 billion in funding, primarily from defense programs. A potential SpaceX IPO could further boost investment in the sector, which saw record levels in 2025, with private investment growing 48% to $12.4 billion. The U.S. accounted for about 60% of global funding, while Europe experienced modest growth and Asia, particularly China, maintained high investment levels.

JPMorgan Asset Management's Zhu Chaoping: Institutional investors remain cautious about the mainland recovery

JPMorgan Chase asset management strategist Zhu Chaoping, based in Shanghai, pointed out that despite the Chinese economic data showing a contrast between weak domestic economic performance and strong exports, the annual GDP growth still aims to reach 5%. The slowdown in consumption and fixed asset investment reflects the diminishing impact of consumption subsidies. Despite facing macroeconomic headwinds, the Chinese stock market remains resilient, primarily benefiting from the global AI trend. Zhu Chaoping believes that policymakers are cautious about introducing aggressive stimulus measures in the short term, and the divergence of internal and external trends is reflected in the stock market