Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

China Mobile Limited provides telecommunication services. The Company offers wireline voice, broadband, roaming, and other related services. China Mobile serves customers in Hong Kong.

<ul>
<li>A bad week for HK and Chinese shares. National Team buying seems lighter into the waning days of the Year of the Rabbit.</li>
<li>Net SOUTHBOUND buying was HK$4.0bn in the shortened pre-holiday week.</li>
<li>Remarkable this past week, again, was the tendency to net sell names which were down hard, and net buy names which have been performing well.</li>
</ul>


A bad week for HK and Chinese shares. National Team buying seems lighter into the waning days of the Year of the Rabbit.
Net SOUTHBOUND buying was HK$4.0bn in the shortened pre-holiday week.
Remarkable this past week, again, was the tendency to net sell names which were down hard, and net buy names which have been performing well.


HK Connect SOUTHBOUND Flows (To 9 Feb 2024); Net Tech Selling STILL, Net SOE Buying, STILL

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Crypto

The e-CNY, also known as Digital yuan or digital RMB introduced by PBOC (People Bank of China), is the electronic form of Chinese Renminbi, and like Chinese Renminbi, it aims to circulate around deposit accounts and other transactions method. China has adopted to work on a mechanism of the cashless economy through Chinese digital currency e-CNY targets to replace the dollar as the world’s reserve currency.

<ul><li>China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. </li><li>The digital yuan, also known as the e-CNY, is a legal currency in digital form issued by the central bank.</li><li>The People’s Bank of China (PBOC) recently updated its e-CNY mobile wallet app, adding new features that allow users to pay water, gas, electricity, heating and phone bills with the digital yuan. </li></ul>

China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. The digital yuan, also known as the e-CNY, is a legal currency in digital form issued by the central bank.The People’s Bank of China (PBOC) recently updated its e-CNY mobile wallet app, adding new features that allow users to pay water, gas, electricity, heating and phone bills with the digital yuan. 

China Expands Use of Digital Yuan to Covering Utility Bills

e-HKD is Hong Kong's retail central bank digital currency (CBDC)

<ul><li>Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarter</li><li>The e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizens</li><li>Issuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public</li></ul>

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarterThe e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizensIssuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>In this insight, we discuss Mastercard's new, crypto partnership with Binance which is likely to have some positive impact on expanding the use of cryptocurrencies through Mastercard.</li>
<li>A shift to risk-off assets and the competing CBCDs could make it more difficult for major cryptocurrencies such as Bitcoin to continue to flourish as a credible payment mechanism.</li>
<li>Once the CBCDs are up and running, there could be greater incentives to NOT allow Mastercard to use cryptocurrencies as a means of payment but instead use CBCDs. </li>
</ul>


In this insight, we discuss Mastercard's new, crypto partnership with Binance which is likely to have some positive impact on expanding the use of cryptocurrencies through Mastercard.
A shift to risk-off assets and the competing CBCDs could make it more difficult for major cryptocurrencies such as Bitcoin to continue to flourish as a credible payment mechanism.
Once the CBCDs are up and running, there could be greater incentives to NOT allow Mastercard to use cryptocurrencies as a means of payment but instead use CBCDs. 


Mastercard's Crypto Alliance with Binance: Overshadowed by Shift to Risk-Off Assets & CBDC Goliath

Cross Asset Strategy

<ul><li>Digital yuan / Cover Story: The challenges ahead for China’s digital yuan</li><li>Floods / Flash floods in Southwest China kill seven as tourists ignore warning</li><li>Jobless / China’s youth unemployment rate rises to another record</li></ul>

Digital yuan / Cover Story: The challenges ahead for China’s digital yuanFloods / Flash floods in Southwest China kill seven as tourists ignore warningJobless / China’s youth unemployment rate rises to another record

CX Daily: The Challenges Ahead for China’s Digital Yuan

Central Bank Digital Currency (CBDC)
New Reserve

HK Connect SOUTHBOUND Flows (To 9 Feb 2024); Net Tech Selling STILL, Net SOE Buying, STILL

SOUTHBOUND saw net buying on this shortened week pre-CNY as stocks rebounded from the previous week's dramatic selloff. High Div SOEs were bought...

Travis Lundy

China Expands Use of Digital Yuan to Covering Utility Bills

China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. The digital yuan, also known as the e-CNY,...

Caixin Global

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the...

Caixin Global

Mastercard's Crypto Alliance with Binance: Overshadowed by Shift to Risk-Off Assets & CBDC Goliath

Mastercard's new crypto partnership with Binance is likely to benefit Bitcoin and Ethereum in the intermediate term but it is likely to be...

Douglas Kim

CX Daily: The Challenges Ahead for China’s Digital Yuan

Digital yuan / Cover Story: The challenges ahead for China’s digital yuan. Floods / Flash floods in Southwest China kill seven as tourists ignore...

Caixin Global