Over the past week, Chinese and Hong Kong stock markets have experienced mixed but generally positive movements with notable gains in key indices and strong fund inflows. The Shanghai Composite Index rebounded to levels above 3,600 points, closing with gains ranging from 0.45% to 0.96% on different days. The Shenzhen Component Index and the ChiNext Index also posted moderate increases, with the ChiNext Index reaching its highest levels since June 2015 before experiencing a decline of over 1%. The Hang Seng Index and Hang Seng Tech Index in Hong Kong showed fluctuations, with gains up to 1.55% and declines of up to 1.56% in recent sessions. Semiconductor stocks such as Hua Hong Semiconductor and SMIC saw significant intraday moves, with Hua Hong rising over 6% and SMIC falling over 7% at one point. Market turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for over 50 consecutive trading days, reaching 1.5 trillion yuan for three days in a row, indicating strong trading activity. The combined market capitalization of the Shanghai and Shenzhen exchanges is approaching 100 trillion yuan ($13.9 trillion), supported by robust fund inflows. Meanwhile, China's Convertible Bond Index extended gains to its highest level in a decade, reflecting strong investor interest. Despite these positive trends, the China Securities Regulatory Commission announced it will maintain strict listing controls, signaling no expectation of large-scale market expansion in the near term. Additionally, the China Containerized Freight Index and Shanghai Containerized Freight Index declined by 2.6% and 4% week-over-week respectively, indicating some pressure in shipping costs.