External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul>
<li>We think CIFI event became the triggering point for PBOC and MOF to urgently roll out stimulus measures (cut mortgage rates and refund individual income tax for qualified home buyers).</li>
<li>Together with better-than-expected Sep sales, we expect a sector rebound in the near term led by short cover.</li>
<li>However, the three driving forces (policy, sales and financing) still indicate a bumpy recovery mainly because 1) policy support is only 60% of that in 2015. 2) Oct sales may weaken again as forecasted by our leading indicator and 3) 4Q property loans may still decline by 25% YoY and most of them may go to SOEs rather than POEs.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


We think CIFI event became the triggering point for PBOC and MOF to urgently roll out stimulus measures (cut mortgage rates and refund individual income tax for qualified home buyers).
Together with better-than-expected Sep sales, we expect a sector rebound in the near term led by short cover.
However, the three driving forces (policy, sales and financing) still indicate a bumpy recovery mainly because 1) policy support is only 60% of that in 2015. 2) Oct sales may weaken again as forecasted by our leading indicator and 3) 4Q property loans may still decline by 25% YoY and most of them may go to SOEs rather than POEs.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Property Sector – “Skrik” of “Hanzawa Naoki”

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Sep 23rd.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Li Auto and Sunny Optical.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Sep 23rd.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Li Auto and Sunny Optical.


HK Short Interest Weekly: Li Auto, Sunny Optical

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Sep 16th. </li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in ZTO, Yum China, Netease, HSBC, Tencent, Wuxi Biologics/Apptec.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Sep 16th. 
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in ZTO, Yum China, Netease, HSBC, Tencent, Wuxi Biologics/Apptec.


HK Short Interest: ZTO, Yum China, Netease, HSBC, Tencent, Wuxi Biologics/Apptec

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Technical Analysis

Alibaba Group Holding  / Technical Analysis

<ul><li>Two big headlines drove the short squeeze, helped by the record level of short selling as a percentage of total volume in recent months.</li><li>The recovery remains a low volume rally and short turnover as share continues to be high.</li><li>Most of the short selling remains in Index ETF and very large-cap stocks.</li></ul>

Two big headlines drove the short squeeze, helped by the record level of short selling as a percentage of total volume in recent months.The recovery remains a low volume rally and short turnover as share continues to be high.Most of the short selling remains in Index ETF and very large-cap stocks.

Alibaba, Longfor Group, Country Garden, New World Development

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

Cross Asset Strategy

<ul><li>SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong Kong</li><li>Taiwan / Chinese envoy warns U.S. against further escalating tensions over Taiwan</li><li>Flood / Northwest China flash floods leave 16 dead, 36 missing</li></ul>

SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong KongTaiwan / Chinese envoy warns U.S. against further escalating tensions over TaiwanFlood / Northwest China flash floods leave 16 dead, 36 missing

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

China

Longfor Properties Co. Ltd. operates in the property development, property investment and property management businesses in China.

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Longfor Properties (960 HK)

China Property Sector – “Skrik” of “Hanzawa Naoki”

We think CIFI event became the triggering point for PBOC and MOF to urgently roll out stimulus measures (cut mortgage rates and refund individual...

CMB International

HK Short Interest Weekly: Li Auto, Sunny Optical

We analyzed the latest HK SFC report for aggregate short position and highlight short interest changes in Li Auto, Sunny Optical.

Ke Yan, CFA, FRM

HK Short Interest: ZTO, Yum China, Netease, HSBC, Tencent, Wuxi Biologics/Apptec

We analyzed the latest HK SFC report for aggregate short position as of Sep 16th and highlight short interest changes in ZTO, Yum China, Netease,...

Ke Yan, CFA, FRM

Alibaba, Longfor Group, Country Garden, New World Development

Two big headlines drove the short squeeze, helped by the record level of short selling as a percentage of total volume in recent months.

Untying The Gordian Knot

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

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