Chinese Brokerages Favor Holding Stocks Over Holiday, Tech Seen as Mid-Term Mainline

The consensus itself is the signal: when sell-side strategy reports cluster around the same seasonal trade, the pre-holiday drift they describe can become self-reinforcing, as positioning is set before the break rather than during it. The more consequential claim is the framing of tech as a medium-term mainline, which implies institutions are treating the holiday as a timing question rather than a reason to reduce cyclical exposure. Whether post-holiday volume actually returns, and whether that flow concentrates in tech, is the open question.