china-morning-note

china-morning-note

Purpose

Draft concise A-share Morning Meeting Minutes / Daily Strategy, summarizing overnight developments and pre-market sentiment for the Chinese equity market. Designed for the typical Chinese sell-side morning meeting format (typically 7:00-8:30 AM before market open).

Data Sources (Multi-Tier)

Tier 0 — Wind (most comprehensive paid data)

Coverage: A-shares/Hong Kong and US stocks/funds/indices/bonds/macroeconomics/research reports/analysis (44 tools)
MCP service:wind-mcp(requires WIND_API_KEY key, starting with ak_ )
Advantages: broadest full-market coverage, most comprehensive data, includes research reports and quantitative analysis
Key application:https://aifinmarket.wind.com.cn/#/home

Tier 1 - Tonghuashun iFind (paid)

ifind_search_news(query)       -> Real-time financial news
ifind_search_trending_news()   -> Trending events
ifind_index_data(query)        -> Index data
ifind_sector_data(query)       -> Sector data

Tier 2 - AkShare / Other (free, fallback)

Data source mode: IFIND_DATA_SOURCE_MODE=ifind-only for iFind-only mode.

Data Sources (Legacy)

Market Data

get_market_overview()          → Top gainers, losers, most active
get_index_data("000001")       → 上证指数
get_index_data("399001")       → 深证成指
get_index_data("399006")       → 创业板指
get_index_data("000688")       → 科创50
get_stock_news(ticker="")      → Market headlines

News & Sentiment

Source	Coverage
china-news MCP	Stock-specific and market headlines from East Money
Cailian Press	Real-time financial news
Wallstreetcn	Macro and market news
Securities Times	Regulatory and market news
China News Service / Xinhua News Agency	Policy announcements

Macro Data (if relevant)

Data	Source	Frequency
PMI (manufacturing/non-manufacturing)	National Bureau of Statistics	Monthly
CPI / PPI	National Bureau of Statistics	Monthly
Social financing / M2	PBoC	Monthly
FX rate (USD/CNY)	China Foreign Exchange Trade System	Daily
Bond yields (10Y CGB)	China Bond Information Network	Daily
Northbound funds	Shanghai-Hong Kong-Shenzhen Stock Connect	Daily
Southbound 南向资金	Shanghai-Hong Kong-Shenzhen Stock Connect	Daily

Workflow

Step 1: Overnight Developments

Macro / Policy:

PBoC (PBoC) announcements — MLF/LPR rates, RRR cuts, open market operations
State Council / ministry policies — industry regulations, industrial policy
Federal Reserve (Fed) developments — impact on A-share opening
Overseas markets (overnight markets) — US equities, commodities, FX

Company news:

Earnings releases from prior evening / overnight
earnings preview notices (earnings preview notices)
increases/decreases in holdings (shareholder buy/sell announcements)
major contracts (major contract wins)
buybacks (share buybacks)

Format:

【宏观/政策】
- [News item with brief implication]
- [News item with brief implication]

【公司要闻】
- [Company]: [Event] — [Implication]
- [Company]: [Event] — [Implication]

Step 2: Market Preview

Previous session recap:

Shanghai Composite Index: close, change, volume
Shenzhen Component Index: close, change
ChiNext Index: close, change, number of advancers/decliners
Sector performance: top 3 up/down sectors
Northbound funds: net buy/sell amount, direction

Overnight markets:

The three major US indices (Dow, Nasdaq, CSI 500) — impact on A-share opening
Hang Seng Index (Hong Kong stocks)
Commodities: crude oil, copper, gold
USD/CNY: exchange rate movement

Step 3: Trade Ideas

2-4 actionable ideas for the day:

For each idea:

Direction: Long / Short / Watch
Instrument: Company name + ticker
Logic: Brief thesis (1-2 sentences)
Catalyst: Key event to watch
Risk: Main risk factor

Example format:

【今日策略】
1. [方向] [标的]（[代码]）
   逻辑：[简要投资逻辑]
   催化剂：[近期催化剂]
   风险：[主要风险]

2. ...

Step 4: Key Events Calendar

Today's events:

Earnings releases (A-share companies reporting)
Economic data releases (CPI, PMI, etc.)
Policy events (PBoC MLF operations, State Council Information Office press conference)
Earnings calls (earnings briefings)
Sector conferences / strategy meetings

Step 5: Sector / Thematic Focus

Sector of the day:

What's moving?
Key drivers (policy, data, sentiment)
Names to watch within sector

Step 6: Draft the Note

Standard A-share morning note format:

【XX证券】A股晨会纪要 [YYYY-MM-DD]

一、市场回顾
   [Yesterday's close, sector performance, 北向资金]

二、隔夜外盘与大宗
   [Overnight US/Asia markets, commodities, FX]

三、重要资讯
   【宏观政策】...
   【公司要闻】...
   【行业动态】...

四、今日策略
   [Trade ideas with rationale]

五、重点事件日历
   [Today's scheduled events]

六、风险提示
   [Market-wide risks]

Step 7: Delivery

Tone guidelines:

Concise and actionable
Opinionated but evidence-based
Flag high-conviction ideas vs. lower-conviction
Include risk management notes (stop-loss levels, position sizing advice)

Typical length:

300-600 words for daily note
800-1,500 words for weekly strategy piece

China-Specific Morning Context

Market Mechanics

Item	A-share Convention
Pre-market	No formal pre-market; some dark pools
Opening	9:30 AM (call auction 9:15-9:25)
Closing	3:00 PM (call auction 14:57-15:00)
Lunch break	11:30 AM - 1:00 PM
Trading limits	±10% (main board), ±20% (ChiNext/STAR Market), ±30% (ST)

Common A-share Themes

policy-driven market (policy-driven market) — government announcements move markets
stock game (capital rotation) — limited new money, sector rotation
Northbound funds (Northbound flows) — tracked as sentiment indicator
margin financing balance (margin balances) — leverage indicator
Dragon-Tiger List (Dragon-Tiger list) — unusual activity names
limit up/limit down — limit-up/limit-down stocks (market momentum)

Common Catalysts in A-share

PBoC open market operations (PBoC open market operations)
LPR quote (Loan Prime Rate announcements)
PMI data (monthly PMI releases)
Quarterly/annual report window (earnings season: Apr, Aug, Oct)
Important meetings (important meetings: Politburo meeting, Central Economic Work Conference)
Sector regulation policies (sector regulation: centralized procurement, antitrust, etc.)
Foreign inflow (foreign inflow via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect)

Quality Checks

Before delivering:

Market data current and accurate
Overnight developments captured
Trade ideas actionable and time-relevant
Event calendar complete
Risk factors included
Tone appropriate for morning meeting format