JPMorgan Chase & Co issued a report that energy stocks are one of the best performing industries in the Chinese and Hong Kong stock markets, and investors tend to have limited policy risks and predictable structural growth shares in volatile market conditions. The bank preferred China Longyuan Power Group Corporation (00916.HK) among Hong Kong stocks, while smart grid parts makers were the top choice for the industry segment, an industry with a carbon-neutral investment concept and lower valuations than solar and electric car stocks. In addition, the bank is optimistic that CIMC 03899.HK will benefit from China's economic growth in the second half of this year.

JPMorgan Chase & Co said there was limited room for ENN Energy's share price to rise further, and he rated China Gas (00003.HK) and Huaneng International (00902.HK) as "underweight", arguing that Huaneng International's performance over the past month overreflected the good news of electricity price increases.