After publishing its latest China equity strategy update, client discussions have focused on two core questions: how to position for the upcoming Xi-Trump summit, and whether laggard sectors such as consumers and homebuilders have significant catch-up upside, JPMorgan released a research report saying.

JPMorgan believed that if the Xi-Trump summit takes place as scheduled, it will serve as a key near-term catalyst for the MSCI China Index and the CSI 300 Index. The market expected geopolitical tensions to gradually ease, with lower US tariffs.

Related NewsJPM Lists Latest Top Picks for CN Stocks (Table)
More purchases of US goods, such as soybeans, protein, aircraft and chips, may pose public opinion risks. Chip companies focused on domestic self-sufficiency, including ILUVATAR COREX (09903.HK)  -8.600 (-2.076%)    Short selling $58.48M; Ratio 15.045%   , are expected to remain resilient.

The broker's top picks in China are BYD COMPANY (01211.HK)  -2.300 (-2.170%)    Short selling $813.46M; Ratio 39.564%   , NAURA (002371.SZ)  +0.960 (+0.186%)   , MINIMAX-W (00100.HK)  -26.500 (-3.533%)    Short selling $145.33M; Ratio 15.805%   , KNOWLEDGE ATLAS (02513.HK)  -114.500 (-12.521%)    Short selling $258.00M; Ratio 13.456%   , ILUVATAR COREX, BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $324.04M; Ratio 42.704%   , INNOVENT BIO (01801.HK)  -0.950 (-1.137%)    Short selling $145.40M; Ratio 22.112%   and CNOOC (00883.HK)  +0.540 (+1.899%)    Short selling $464.06M; Ratio 15.308%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 16:25.) (A Shares quote is delayed for at least 15 mins.)

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