Goldman Sachs: Chinese equities show 'rotation signals,' with A-share hard-tech stocks still favored and H-share internet firms seeing earnings recovery.

Goldman Sachs’ latest China strategy maintains its tactical preference for A-shares over H-shares and hard tech over soft tech, but has started paying attention to the recovery potential of large-cap H-share internet stocks following their valuation adjustments. The key to sustained H-share rebounds lies not in valuations but in earnings: losses from internet subsidies and AI-related capital expenditures continue to weigh on profits. China’s AI sector as a whole is not viewed as a bubble, though signs of localized overheating have emerged in semiconductors and certain A-share hard tech segments.

wallstreetcnJul 13 10:34

HK ETF Express | CSOP Samsung Electronics Daily (-2x) Inverse Product Was the Top Gainer, Rising 21.91%

94 HK ETFs rose and 245 fell today. The top gainer was $CSOP Samsung Electronics Daily (-2x) Inverse Product(07347.HK)$ while the top loser was $CSOP Samsung Electronics Daily (-2x) Inverse Product(07347.HK)$.

Futu NewsJul 13 16:15

Hong Kong Market Midday Review | Hong Kong stocks rose sharply before retreating; the Hang Seng Tech Index fell 0.81%. Memory storage, PCB, and optical communication stocks continued to adjust, with CSOP Twox Leveraged SK Hynix dropping over 26%, and KB G

Technology and internet stocks were mixed, with Meituan-W down 2.03% and JD.com-SW up 1.54%; solar photovoltaic stocks weakened, with Junda Shares falling 10.00% and Times Digital rising 6.17%; most automotive stocks declined, with Seres down 11.30% and GAC Group down 6.39%;

Futu NewsJul 13 12:14

Zhitong HK Stock Connect Holdings Ratio Anomaly Statistics | July 13

Zhitong HK Connect Holdings Ratio Anomaly Statistics | July 10, 2026

Zhitong FinanceJul 13 08:36

Market Snapshot | The three major indices moved in mixed directions, with the Hang Seng Index rising 0.6% and the Hang Seng Tech Index falling 0.21%. Technology and internet stocks generally advanced, with Xiaomi up over 3% and Alibaba gaining more than 2

Tech and internet stocks rose broadly, with Xiaomi Group-W up 3.36% and NetEase down 2.73%; most lithium battery stocks declined, with CATL falling 7.92% and Tianqi Lithium down 4.20%; biotechnology stocks advanced across the board, with Pregene Biopharma-B surging 28.93% and Kelun-Biotech rising 8.74%;

Futu NewsJul 10 16:24

HK ETF Express | CSOP China Healthcare Disruption Index ETF Was the Top Gainer, Rising 3.45%

208 HK ETFs rose and 119 fell today. The top gainer was $CSOP China Healthcare Disruption Index ETF(03174.HK)$ while the top loser was $CSOP China Healthcare Disruption Index ETF(03174.HK)$.

Futu NewsJul 10 16:15