It's earnings season for Chinese stocks again. Over at Binance, they've pretty much listed all the perpetual contracts related to Chinese stocks that they could... Tencent, Xiaomi, Pop Mart, Kuaishou, Meituan, and even double-leveraged Hynix and Samsung ... 24/7 trading, with up to 20x or even 25x leverage, just in time for the earnings window. Chinese-speaking crypto users already have a preference for Chinese stocks, but traditional brokers can't meet their leverage needs, and cross-border fund transfers are super inconvenient. This year, Chinese stocks in AI cloud, instant retail, gaming, and advertising have been hit hard with valuation cuts, and most are at low levels. Now that earnings season is restarting, Tencent kicks things off on the 13th, followed by JD, Xiaomi, and Kuaishou one after another. Beyond growth, there's also the quality of growth, the speed of profit recovery, and management's real attitude toward AI investments. Binance turning these into perpetual contracts is like giving global retail investors a sharper tool. The upside is good liquidity and low barriers to entry. The downside is obvious too—volatility around earnings gets amplified by leverage and funding rates. The pricing in the futures market already reflects a lot of expectations, so it can also serve as a window into market sentiment.