CICC said in a research note that outstanding short positions in Hong Kong as a share of market value have fallen from a mid‑June peak to 2.43% but remain roughly more than three standard deviations above the historical mean. As domestic and external shocks ease, CICC expects significant further unwinding of shorts. Trading shows notable pair‑trading activity; near term CICC recommends focusing on high-fundamental-certainty, event‑driven sectors: innovative drugs, airlines, robotics and industri

CICC said in a research note that outstanding short positions in Hong Kong as a share of market value have fallen from a mid‑June peak to 2.43% but remain roughly more than three standard deviations above the historical mean. As domestic and external shocks ease, CICC expects significant further unwinding of shorts. Trading shows notable pair‑trading activity; near term CICC recommends focusing on high-fundamental-certainty, event‑driven sectors: innovative drugs, airlines, robotics and industrial metals.