Tianfeng Securities data show that active increases in northbound holdings in the third quarter of 2026 were concentrated in banks. Among individual stocks, Zijin Mining, China Merchants Bank and WuXi AppTec ranked highest, while CATL saw a sizable active reduction.
The market review for 29 October focuses on contracting coal supply and new long-term contract rules, low valuations in the consumer sector, and progress in commercial space. Third-quarter reports from several companies show differing growth drivers across shipping, robot components and the AI supply chain.
On 29 October, indices weakened in volatile trading, while high-dividend stocks led gains. Technology sectors fell across the board after third-quarter results; robotics and commercial aerospace were relatively strong, although performance within the sectors diverged.
On 29 October, turnover contracted across the Shanghai and Shenzhen markets as capital moved toward defensive sectors such as banking and coal. In industry developments, research into cable-driven robots received investment, while Doubao Work opened access to third-party models for enterprise customers.
By midday on 29 October, the ChiNext Index had weakened while bank and dividend stocks strengthened. The report considers robotics to remain the main short-term theme, with capital flowing out temporarily shifting to commercial aerospace, and highlights Chaojie Fastener’s rocket structural components business.
The ChiNext Index rose more than 3%, while turnover on the two mainland exchanges increased by 167.5 billion yuan from the previous trading day. The robotics theme drove a broader spread of first-time limit-up stocks, but follow-through in high-priced stocks was weak. The September rebound ended after volume contracted, making sustained turnover the key question this time.
Cailian Press believes that spontaneous buying and higher turnover improved the quality of the rebound, although short-term sentiment diverged from the index. Robotics remains the leading theme, while strength in computing hardware and chip heavyweights offers a reason to watch for a possible style rotation.
On 27 October, the index opened higher and then declined, with short-term sentiment falling alongside it in the afternoon. Cailian Press expects divergence may intensify further the following day and is watching the timing of funds returning to the robotics sector, while tracking companies associated with physical AI and silicon photonics.
At midday on 27 October, the indices had opened higher and moved lower, but short-term sentiment had improved. Robotics was slightly stronger than expected, interest in intelligent driving was spreading to the physical AI branch, and consumer stocks strengthened, led by Shanghai Jiubai.
Cailianshe’s midday market review shows that the market diverged after last Friday’s strong rebound, with pronounced selling pressure on tech stocks. Physical AI remains active, but the sector’s upside potential and the staying power of autonomous driving are key to judging whether the rally can continue.
The material suggests that the rebound may continue next week, but with less momentum and potential profit-taking pressure in the second half of the week. Within technology, semiconductors showed stronger short-term initiative, while a shift to a medium-term advance in robotics would require fresh industry catalysts.
