中国市场每周启动报告：科技板块领涨，市场反弹 3%-4%；四中全会基本符合预期；预计 2027 年底中国股市涨幅约 30%

Portfolio Strategy Research 24 October 2025 | 9:56PM HKT CHINA WEEKLY KICKSTART Markets rebounded 3-4% led by Tech; 4th Plenum largely in line with expectations; We expect Chinese equities to gain ~30% by end-2027 MXCN/CSI300 rebounded 4.0/3.2%, with Tech outperforming (ChiNext/STAR50/HSTECH +8.0%/+7.3%/+5.2%). The 4th Plenum of the CCPCC concluded on Oct 23 and policymakers approved the proposal of the 15th Five-Year Plan. The Plenum highlighted technology, security, and people's livelihood, largely in lin ...