
Hong Kong-focused products trail as mainland Chinese overseas mutual funds deliver sharply diverging returns
Mainland Chinese QDII mutual funds investing overseas delivered sharply divergent returns in 2026, with energy-linked funds and US, Japanese, and South Korean equity products outperforming while Hong Kong-focused funds lagged, driven by a 50 per cent crude oil surge after US strikes on Iran and at least 10 per cent gains in benchmark indices across the three Asian and US markets.
AI-generated summary
Mainland Chinese mutual funds investing overseas under the Qualified Domestic Institutional Investor (QDII) programme have delivered sharply diverging returns in 2026, with performance varying significantly by asset class and geography.
Mainland Chinese mutual funds investing overseas have delivered sharply diverging returns this year, with products tied to energy and US stocks outperforming while funds tracking Hong Kong equities lagged behind.
Energy-linked funds topped the rankings among outbound investment products under the Qualified Domestic Institutional Investor (QDII) programme, according to financial data provider Wind. The performance reflects a 50 per cent surge in crude oil prices in 2026 after US strikes on Iran disrupted supplies.
Mainland Chinese QDII funds targeting stocks in the US, South Korea and Japan also ranked among the best performers, highlighting gains across the three markets supported by strong economic growth and the boom in artificial intelligence infrastructure buildouts. Benchmark stock indices in the three countries have risen at least 10 per cent this year.

Data from the State Post Bureau shows that from January to September this year, express delivery business volume in the central and western regions accounted for 31.2%, a new high for the same period in the past three years. Changes in the flow of express delivery reflect the vitality of coordinated regional development. The central and western regions have become new engines of industry growth, demonstrating the potential of ultra-large-scale markets and the effectiveness of building a unified national market.

Huida CEO Huang Renxun's extramarital affair partner Huang Le and her husband Kang Wei were exposed by foreign media. The two were suspected of being Chinese spies. Kang Wei had an intersection with Huang Renxun in his early years. Huang Le once claimed that Alibaba was a customer of the Southeast Asia Data Center project. It has not been proven that Huang Renxun was aware of or participated in violations of U.S. export controls.

The 9th China International Import Expo exhibited more than 480 representative exhibits that were first in the world, first in Asia, and first in China, setting a new high in previous years. Michelin, AstraZeneca, Sanofi, Schneider Electric and other multinational companies announced their investment and innovation layout in China. The article emphasizes that China's determination to expand opening up remains unchanged, and the CIIE, as an international public good shared by the world, continues to expand industrial collaboration and ecological co-construction.

An Asian Development Bank report shows that Southeast Asian countries will need to invest US$7.1 trillion in infrastructure by 2040, with an annual demand of US$476 billion from 2026 to 2040. However, government investment can only meet 45%, and an annual financing gap of US$264 billion is expected. Power and transportation account for 85% of demand, and ADB recommends strengthening project preparation, establishing predictable regulations, and achieving transparent procurement.

This year's "Double 11" sales across the entire network have continued to grow. Young people's shopping carts mainly focus on rice, flour, grains, oils, and daily household necessities, and consumption has migrated from online goods to offline services. Consumers are more pursuing "quality-price ratio" and "price-performance ratio". This is not a downgrade of consumption, but a profound change in the consumption structure.

The New York Times reported that Huida’s board of directors is investigating CEO Huang Renxun’s related behaviors, but board members have close long-term investment and cooperation relationships with Huang Renxun, and governance experts have questioned its ability to independently supervise. Huang Renxun has been at the helm of Huida for more than 30 years, and his children and son-in-law also work in the company, triggering discussions on succession plans.