On October 9, CICC rose 3.02% in regular trading, reaching HK$20.14 at one point and currently trading at HK$20.18 with turnover of HK$913 million. The gain follows the company's latest research report suggesting limited downside for A-shares and comes after Moody's upgraded its long-term issuer rating to A3.

According to the report, CICC anticipates improved market stability driven by earnings resilience and proactive signals to stabilize growth, with sectors backed by profitability likely to see capital inflows. The upgrade by Moody's, which raised the rating from Baa1 while maintaining a stable outlook, further reinforced international recognition of the firm's credit fundamentals.

A separate filing disclosed that Citigroup increased its long position in CICC H-shares to 6.0% on October 2, though this was attributed to changes in its securities lending pool rather than direct market purchases.

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