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Ping An Shareholders Meeting: Guo Xiaotao Reveals New Channel and Product Balance Strategy for Life Insurance Growth

CSC Financial: AI and Domestic Substitution Drive SMIC Performance, Maintain Buy Rating

Ping An Insurance increases stake in China Life by approx. 1.68 billion HKD on May 18, holding ratio rises to 15.13%

Three Gorges Energy and Shanghai Electric Discuss '15th Five-Year Plan' New Energy Cooperation Layout

China Unicom Launches 'Dual-Wan Gigabit AI Quality Improvement Action' and Holds Beijing Promotion Meeting

Ping An announces adjustment of conversion prices for two convertible bonds, effective June 10

Orient Securities initiates New China Life with Buy rating, target price RMB 81.22

Ping An Increases Holding in Agricultural Bank of China H-Shares, Total Stake Exceeds 25%

Moonshot AI Completes $2 Billion D-Round Financing, Valuation Reaches $20 Billion

China Mobile Hubei's Shiyan Intelligent Computing Center to Officially Commence Operations in June

Ping An Insurance's Holding in AIIB Hong Kong Shares Rises to 25.17%

Bank of China fully redeems 50 billion RMB callable perpetual bonds on May 19, 2026

Ping An Chairman Ma Mingzhe Emphasizes Firm Support for Life Insurance Agents

Huaxing Securities Resumes Tracking of SMIC A-Shares with Buy Rating

Huixi Technology Signs Tripartite Strategic Cooperation Agreement with BOC and PICC in Beijing

Ma Mingzhe: Ping An Firmly Focuses on China as First Strategy, Overseas Expansion Possible with AI Advantages

GigaDevice: Two New DRAM Models Expected to Mass Produce in H2, Optimizing Product Structure Strategy

GigaDevice Q1 Revenue Surges 119%, Net Profit Jumps 522%

GigaDevice expects storage prices to rise, gross margins to stabilize or decline

GigaDevice: Supply Chain Cost Increases Lead to Proposed MCU Price Hikes

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China reduced fiscal spending by 2.5% in March, marking its largest decline since October, despite an economic rebound. Fiscal revenue increased by 3.4%, resulting in a deficit of over 1.5 trillion yuan. The economy showed unexpected growth in Q1, reducing the need for additional fiscal stimulus. Policymakers are cautious due to rising debt and lower government income, especially after setting a modest growth target of 4.5-5% for the year. The ongoing conflict in Iran may complicate future stimulus plans, particularly with rising oil prices affecting foreign demand for exports.

- In March, China reduced fiscal spending by 2.5% year-on-year due to an economic recovery, despite disruptions from the Iran conflict.  
- Conversely, fiscal revenue increased by 3.4%, leading to a deficit exceeding 1.5 trillion yuan.  
- While first-quarter growth surpassed expectations, concerns over rising debt and decreasing government income have led to a cautious approach in fiscal stimulus.

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NASDAQ Golden Dragon China Index

SZSE Composite Index

Shenzhen Index

SSE Index

SZSE B Share Index

Invesco Golden Dragon China

iShares MSCI China

Roundhill China Dragons ETF

Fullgoal SSE Composite ETF

China scales back fiscal stimulus in first month of war in Iran

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China's real estate market is showing signs of recovery, with positive shifts in expectations, especially in major and key second-tier cities. This recovery follows a period of adjustment, supported by policies like optimizing housing provident fund regulations and urban financing mechanisms. Initiatives to upgrade housing and acquire unsold properties for affordable housing have intensified. These efforts aim to ensure stable development, crucial for economic performance and public welfare, while balancing short-term stability with long-term improvements in line with the "15th Five-Year Plan."

CoinLive

CSI 300

WISE CSI300 ETF

China's Real Estate Market Shows Signs of Recovery

According to the latest data from the World Travel and Tourism Council (WTTC), China's tourism economic output grew by 9.9% last year, more than double the global average growth rate. It is expected that by 2030, China will become the world's largest tourism economy. China's vast consumer market and diverse tourism resources have driven strong growth in the tourism industry, spurring the development of related industries and increasing job opportunities. Domestic demand is a key factor in the growth of the tourism industry, with the number of domestic travelers expected to reach 6.522 billion by 2025, and inbound tourist arrivals also expected to exceed 150 million, demonstrating the resilience and vitality of the Chinese economy

腾讯新闻 - 财经

Editorial: Understanding the Logic Behind "China Travel" Continuously Gaining Popularity

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Invesco Asia-Pacific Global Market Strategist Zhao Yaoting pointed out that the Chinese economy rebounded significantly in the first quarter, with a GDP annual growth rate reaching 5%. Strong trade performance and robust development in the new economy sectors drove growth in industrial production and retail sales. Chinese assets are seen as a safe-haven choice, with stock market declines lower than the global market, and the renminbi exchange rate and government bond yields remaining stable. It is expected that the energy, resources, and technology industries will benefit from economic resilience, attracting foreign capital inflows

AASTOCKS

Fortune SG SSE 180 Value ETF

Invesco

Invesco's Zhao Yaoting: Chinese assets have stronger safe-haven attributes, and the risks directly affected by the disruption of Middle Eastern supplies are limited

China is about to announce its first-quarter economic data, and a Bloomberg survey shows that GDP is expected to grow by 4.8% year-on-year. This figure will be higher than the 4.5% in the fourth quarter of 2025, marking the slowest growth rate since the pandemic. Economists believe that the impact of the Iran war on the economy is limited, and China's energy security and economic resilience have strengthened. If the data is robust, it may reduce the need for additional stimulus policies. It is expected that the People's Bank of China will not cut interest rates this year, and policymakers will adopt a wait-and-see approach

- China's first-quarter economic data suggests a potential growth rebound, allowing policymakers to assess the Iran conflict's impact before implementing stimulus measures.  
- Economists predict a GDP growth of 4.8%, exceeding the previous quarter's 4.5%, despite a nearly 5% decline in trade surplus year-on-year due to increased high-tech imports.  
- Strong global demand related to AI is helping Chinese firms mitigate the economic fallout from conflicts, reducing the urgency for additional stimulus, particularly after GDP growth targets were lowered to the lowest range since 1991.

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Macquarie Group Limited

China is about to announce its first-quarter economic data, with a Bloomberg survey estimating GDP growth at 4.8%

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The General Administration of Customs of Mainland China announced that in the first quarter of this year, exports in US dollar terms grew by 14.7%, imports increased by 22.7%, and the trade surplus was USD 264.33 billion. In March, exports grew by 2.5%, and imports increased by 27.8%. In terms of RMB, the total value of imports and exports in the first quarter reached 11.84 trillion yuan, a year-on-year increase of 15%. The deputy director of customs stated that the total value of imports and exports has remained above 10 trillion yuan for 12 consecutive quarters, with the growth rate rebounding to double digits, indicating a solid foundation for foreign trade

- In the first quarter of this year, China's General Administration of Customs reported a 14.7% year-on-year increase in exports and a 22.7% increase in imports, resulting in a trade surplus of $264.33 billion.  
- In March alone, exports grew by 2.5%, falling short of market expectations, while imports surged by 27.8%, exceeding expectations, leading to a surplus of $51.13 billion.  
- The total value of imports and exports in RMB rose to 11.84 trillion yuan, marking a 15% annual increase, with exports reaching 6.85 trillion yuan and imports hitting a record high of 4.99 trillion yuan, reflecting strong growth across diverse markets.

Stheadline

China Universal CSI 300 Index Initiating Fund(LOF)-C

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

In the first quarter, mainland China's dollar-denominated exports increased by 14.7% year-on-year, while imports rose by 22.7%

The 20th China Investment Annual Conference will be held in Beijing from April 22 to 24, 2026, with the theme "K-shaped Divergence, How to Break the Deadlock?" The current perception of industry recovery varies, with some sectors, such as artificial intelligence, developing rapidly, while others face difficulties in funding and projects. The phenomenon of K-shaped recovery shows an increasing divergence in the circumstances of different groups, reflecting the results of 20 years of industry evolution. The conference aims to explore the complexities of the recovery process and its underlying causes

PingWest

K-shaped divergence, how to break the deadlock? | The 20th China Investment Annual Conference · Annual Summit is about to kick off

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The National Service Industry Conference proposed to promote the integrated development of the service industry and manufacturing, emphasizing the importance of innovation-driven and technology services. Experts pointed out that this integration is not just a simple addition of industrial forms, but an inevitable choice for the transformation and upgrading of the manufacturing industry, aimed at enhancing the global competitiveness of Chinese manufacturing. Productive services are seen as key to promoting the added value of manufacturing, covering various aspects of the entire industrial chain

SZSE A Share Index

The National Service Industry Conference proposed "integration of the two industries," what is the deeper meaning?

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On April 7, the A-share market rebounded on reduced volume. Multiple sectors including rare earths, coal, the hog industry, and phosphorus chemicals were active, with the STAR Market Composite Index rising nearly 1%. Analysts believe that the market remains in a volatile period; before external uncertainties are resolved, late April will be a critical window for marginal improvements in both domestic and international environments. After external shocks subside, the market focus will shift toward sectors with high growth in first-quarter earnings, and it is recommended to focus on growth and energy themes

Wallstreetcn

STAR 50

BOC SSE Science and Technology Innovation Board 50 ETF

ChinaAMC China 50 ETF

Huatai-PB CSI 300 ETF

ChinaAMC SSE Science and Technology Innovation Board 50 ETF

A-Share Market Rises on Reduced Volume; Institutions Suggest Focusing on Two Major Themes

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