Ian Li Qingcao,CFA

Manager, Research

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China's Monetary Policy Outlook: Will easing return in 2H2026? Macro Research

China's Monetary Policy Outlook: Will easing return in 2H2026?

In 1H 2026, China’s monetary policy shifted from active easing toward a more cautious, data-dependent stance. The PBoC removed explicit references to RRR and rate cuts, increased its focus on overseas policy and imported inflation, and entered a period of policy observation rather than immediate stimulus.

By Ian Li Qingcao,CFA | 09 Jun 2026 |261 Views
China20262H26
China’s energy transition playbook: Capturing structural opportunities across the new energy sector ETFs

China’s energy transition playbook: Capturing structural opportunities across the new energy sector

China’s target to double non-fossil energy supply by 2035 underpins long-term growth in solar, wind, storage, and NEV sectors, while strong global demand and China’s supply chain dominance support exports. The Guotai CSI New Energy ETF (516160.SH) provides diversified exposure across the clean energy value chain.

By Ian Li Qingcao,CFA | 04 Jun 2026 |178 Views
China516160New Energy
Policy support and valuation re-rating signal it is time to revisit China’s CSI300 ETFs

Policy support and valuation re-rating signal it is time to revisit China’s CSI300

The 2026 National Two Sessions signalled a structural policy shift supportive of A-shares, driven by fiscal expansion, “AI+” industrial policies, and accelerated capital market reforms at the start of the 15th Five-Year Plan. Meanwhile, CSI 300 valuations remain historically low, while earnings are entering an early-cycle recovery phase, creating conditions for both earnings growth and valuation re-rating.

By Ian Li Qingcao,CFA | 21 May 2026 |504 Views
CSI 300沪深300中国股市
Market Update: Q1 GDP at 5.0%, Confirming China’s Structural Resilience Macro Research

Market Update: Q1 GDP at 5.0%, Confirming China’s Structural Resilience

At the start of the war, we argued that China’s structural ability to withstand this energy shock was stronger than market consensus expected. China’s GDP grew 5.0% year on year in the first quarter of 2026, above the widely expected 4.8%, delivering upside surprise growth even during the most severe global energy supply disruption in modern history.

By Ian Li Qingcao,CFA | 17 Apr 2026 |2500 Views
A股中国市场超预期中国GDP
AI inflection point meets policy tailwinds: Capturing Chinese technology beta ETFs

AI inflection point meets policy tailwinds: Capturing Chinese technology beta

The strong launch of Seedance 2.0 and the broad rollout of the OpenClaw agent ecosystem suggest that Chinese AI applications have moved beyond technical demos and into industrial use. At the same time, global AI capex is still growing in 2026, while the domestic application-layer story is starting to play out. This creates the conditions for a second leg of gains in the technology sector.

By Ian Li Qingcao,CFA | 10 Apr 2026 |1364 Views
A股中国市场中国科技大模型
China 2026 Two Sessions: Unlocking policy signals and investment goldmines ETFs

China 2026 Two Sessions: Unlocking policy signals and investment goldmines

The 2026 Two Sessions has ended. This year’s focus include a 4.5%–5% GDP target, a 4% fiscal deficit, the launch of “AI+” across industries, a focus on boosting domestic demand, and a shift toward proactive monetary easing.

By Ian Li Qingcao,CFA | 24 Mar 2026 |3078 Views
全国两会政治信号A股中国市场中国科技
Seedance 2.0: AI video is becoming usable at scale — implications for China’s tech value chain ETFs

Seedance 2.0: AI video is becoming usable at scale — implications for China’s tech value chain

Seedance 2.0 suggests AI video is moving from demo to a tool that can be used at scale. If that shift holds, it can lift demand across China’s tech value chain, from applications to inference-driven computing.

By Ian Li Qingcao,CFA | 26 Feb 2026 |2633 Views
A股中国市场中国科技抖音大模型
When Chinese tech stocks fall into a “Technical Bear Market,” smart money buys the dip Stocks

When Chinese tech stocks fall into a “Technical Bear Market,” smart money buys the dip

Following a systemic correction of approximately 20%, the Hang Seng Tech Index is currently at a critical juncture, balancing the release of liquidity pressure against a bottoming out of market sentiment. Despite rising risk aversion driven by global market volatility, sustained net inflows of Southbound capital and substantial contributions from AI businesses provide solid fundamental support. Below is our core rationale for maintaining conviction at this "valuation trough."

By Ian Li Qingcao,CFA | 09 Feb 2026 |2605 Views
港股恒生科技中港股市
For Chinese Readers: iFAST Weekly Commentary【奕丰周报：世界目光齐聚达沃斯，特朗普携“史上最大代表团”参会】 Macro Research

For Chinese Readers: iFAST Weekly Commentary【奕丰周报：世界目光齐聚达沃斯，特朗普携“史上最大代表团”参会】

2026年1月23日

By Ian Li Qingcao,CFA | 26 Jan 2026 |2421 Views
投资周报
CATL 1H2025 Performance: Steady Growth, Solid-State Battery Strategy Secures Long-Term Edge Stocks

CATL 1H2025 Performance: Steady Growth, Solid-State Battery Strategy Secures Long-Term Edge

Strong performance in the Hong Kong stock market this year, coupled with a firm Hong Kong dollar, created a favourable environment for new listings.

By Ian Li Qingcao,CFA | 21 Aug 2025 |3840 Views
Interim ReportIndustry LeaderHong Kong IPOSolid-state BatteryCATL