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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

"Hong Kong Stocks" The Hang Seng Index fell 265 points in the first half of the day, some AI stocks and pharmaceutical stocks retreated, while power equipment stocks surged

The Hong Kong stock market fell in early trading, with the Hang Seng Index down 265 points, reporting at 26,579 points. The National Index fell 77 points, and the Hang Seng Tech Index dropped 66 points. The total turnover was HKD 132.94 billion. Smartphone manufacturers like Xiaomi lowered their shipment expectations, leading to a decline in related stock prices. Roborock's listing application was reviewed, and UBTECH ROBOTICS' stock price rose. Other tech stocks generally fell, while some AI stocks performed relatively well

National Bureau of Statistics: Last year, the added value of the high-tech manufacturing industry above designated size increased by 9.4% year-on-year, reaching the highest level in three years

The National Bureau of Statistics released data showing that the added value of large-scale high-tech manufacturing industries is expected to grow by 9.4% year-on-year in 2025, the highest in three years, with a contribution rate of 26.1%. Industries such as integrated circuits and aircraft manufacturing have seen significant growth, with artificial intelligence driving a substantial increase in the output of related products. The digital product manufacturing and equipment manufacturing industries also achieved growth, increasing by 9.3% and 9.2%, respectively. Overall, the automotive and electronics sectors within the equipment manufacturing industry performed exceptionally well, with growth rates of 11.5% and 10.6%, respectively

Zheng Yu ‘rising star’ in chemical engineering from MIT, quits US for China

Zheng Yu, a prominent young chemical engineer, has left MIT to join Peking University as an assistant professor in the college of chemistry and molecular engineering. Her research focuses on wearable and implantable electronic devices, including smart bandages. Zheng, a graduate of Nankai University and Stanford, has received multiple awards for her work, including recognition from the International Union of Pure and Applied Chemistry. This trend of top researchers returning to China from Western institutions is growing, with others like Xie Zhenfei and Liu Chang also making similar moves.

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