SZSE B Share Index

CMPort released FY2026 Q1 earnings on April 30 After-Market (BJT), actual revenue HKD 4.997 B, actual EPS HKD 0.5215

LTTC released FY2026 Q1 earnings on April 30 After-Market BJT, actual revenue HKD 1.537 B, actual EPS HKD 0.1247

SCPH released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 3.38 B, actual EPS HKD -0.1927

STHC released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 895.03 M, actual EPS HKD 0.0496

GED released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 12.87 B, actual EPS HKD -0.0327

SPG released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 76.4 M, actual EPS HKD -0.0044

GPED released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 1.222 B, actual EPS HKD 0.2494

ADAMA released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 8.17 B, actual EPS HKD 0.2768

HN PEARL RIVER released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 1.929 B, actual EPS HKD 0.0113

BOE released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 57.82 B (forecast HKD 48.99 B), actual EPS HKD 0.0566

Wongtee International released FY2026 Q1 earnings on April 28 During-Market BJT, actual revenue HKD 135.57 M, actual EPS HKD -0.034

CBC released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 149.77 M, actual EPS HKD 0.01

SZPRD released FY2026 Q1 earnings on April 28 After-Market BJT, actual revenue HKD 630.62 M, actual EPS HKD -0.0518

Shen Nan Dian released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 102.11 M, actual EPS HKD 0.0226

KONKA GROUP released FY2026 Q1 earnings on April 28 After-Market BJT, actual revenue HKD 2.19 B, actual EPS HKD -0.0865

Gu Jing released FY2025 Annual Earnings on April 28 During-Market (BJT), actual revenue HKD 20.58 B (forecast HKD 19.3 B), actual EPS HKD 7.3337

Gu Jing released FY2025 Q4 earnings on April 28 During-Market (BJT), actual revenue HKD 2.677 B (forecast HKD 2.575 B), actual EPS HKD -0.8633

Gu Jing released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue HKD 8.442 B (forecast HKD 7.774 B), actual EPS HKD 3.4465

SEGCL released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue HKD 389.55 M, actual EPS HKD 0.0227

WBC released FY2025 Q4 earnings on April 27 After-Market (BJT), actual revenue HKD 527.91 M, actual EPS HKD -0.0789

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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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SSE TOTAL MARKET

NASDAQ Golden Dragon China Index

SZSE Composite Index

Shenzhen Index

SSE 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

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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 People's Bank of China focused on external shocks at the monetary policy meeting in the first quarter, with the escalating situation in the Middle East exacerbating domestic price differentiation and the Strait blockade impacting six global industrial chains---0402 Macro Dehydration

华尔街见闻资讯

Dacheng China Hushengang 300 Index Fund(LOF)-A

Hwabao Wp S&P Hugangshen China Enhanced Value Index Fund(LOF)-A

The People's Bank of China focused on external shocks at the monetary policy meeting in the first quarter, with the escalating situation in the Middle East exacerbating domestic price differentiation and the Strait blockade impacting six global industrial chains---0402 Macro Dehydration

China has issued a new batch of Qualified Domestic Institutional Investor (QDII) quotas amounting to USD 5.3 billion, the largest since 2021. The cumulative approved quota has reached USD 176.169 billion. Among the newly added quotas, securities institutions were approved for USD 2.99 billion, while insurance and banking sectors were approved for USD 1.32 billion and USD 990 million, respectively. The issuance of QDII quotas is related to the cyclical nature of the RMB exchange rate; from 2023 to 2024, the domestic stock market has declined, leading to a surge in investor interest in overseas assets. Regulatory authorities have stated that they will continue to orderly issue QDII investment quotas to promote the opening of the capital market

- China has issued a new batch of Qualified Domestic Institutional Investor (QDII) quotas amounting to 5.3 billion USD, the largest single increase since June 2021.  
- As of the end of March, the total approved QDII quotas reached 176.169 billion USD, with significant allocations to securities and insurance sectors, while the trust sector remained unchanged.  
- The issuance of QDII quotas reflects the correlation with the renminbi's exchange rate cycles, with more quotas issued during periods of renminbi appreciation and a strategic push for capital market openness amid efforts to internationalize the renminbi.

The new batch of QDII quotas in the mainland reaches USD 5.3 billion, the largest since 2021

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With the implementation of the "Interim Measures for the Supervision and Rating of Wealth Management Companies," wealth management companies are facing systematic rating challenges. Several bank wealth management subsidiaries have begun self-assessment and rectification, and the competitive logic of the industry is undergoing a fundamental shift from relying on scale expansion to competing on comprehensive strength, with investment research and risk control becoming key variables in the rating

36Kr

Yinhua CSI Hugangshen 500 ETF

Commencing a comprehensive self-assessment and rectification, wealth management companies face a "major exam" for ratings

SZSE B Share Index(399108.SZ)

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

China's Real Estate Market Shows Signs of Recovery

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

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

The People's Bank of China focused on external shocks at the monetary policy meeting in the first quarter, with the escalating situation in the Middle East exacerbating domestic price differentiation and the Strait blockade impacting six global industrial chains---0402 Macro Dehydration