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>Cloud / In Depth: China’s cloud giants seek profits abroad as domestic margins dwindle</li><li style="font-weight: bold;">Central bank /Chart of the Day: PBOC gets major leadership reshuffle in 2023</li><li>Outbound /Year in Review: China’s outbound businesses pivot to Latam, Middle East</li></ul>

Cloud / In Depth: China’s cloud giants seek profits abroad as domestic margins dwindleCentral bank /Chart of the Day: PBOC gets major leadership reshuffle in 2023Outbound /Year in Review: China’s outbound businesses pivot to Latam, Middle East

CX Daily: China’s Cloud Giants Seek Profits Abroad as Domestic Margins Dwindle 

HK/China Equity Long-Short

Osbert Tang, CFA

Quantitative Analysis

<ul>
<li>It remains possible for the <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index (HSI INDEX)</a> to generate a positive return in January 2024, given that historically there is a high 73% probability of doing so.</li>
<li>Over the last eleven years, January was also the best-performing one in five of them. Average return for these five was at 7.7%.</li>
<li>The macroenvironment is also conducive for this pattern to sustain - lower USD rates, rebound in Rmb/USD exchange rate, and more supportive measures from the Chinese government.</li>
</ul>


It remains possible for the Hang Seng Index (HSI INDEX) to generate a positive return in January 2024, given that historically there is a high 73% probability of doing so.
Over the last eleven years, January was also the best-performing one in five of them. Average return for these five was at 7.7%.
The macroenvironment is also conducive for this pattern to sustain - lower USD rates, rebound in Rmb/USD exchange rate, and more supportive measures from the Chinese government.


China Strategy: Are We Still Going to Have January Effect in 2024?

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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.

Equity Bottom-Up

<ul>
<li>Tencent and NetEase's stock prices plunged after the release of the new law about online game.</li>
<li>China Passenger Car Association expects NEV will grow by 37% for 2023.</li>
<li>NIO got US2.2 billion investment from CYVN Holdings based in Abu Dahbi.</li>
</ul>


Tencent and NetEase's stock prices plunged after the release of the new law about online game.
China Passenger Car Association expects NEV will grow by 37% for 2023.
NIO got US2.2 billion investment from CYVN Holdings based in Abu Dahbi.


China Consumption Weekly (25 Dec 2023): Tencent, NetEase, NIO, Xpeng, Alibaba, Meituan, Douyin

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Thematic (Sector/Industry)

<ul>
<li>For segments we cover -- express, containers, tourism -- 2023 was challenging</li>
<li>In this note we highlight each segment's key trends and themes from 2023</li>
<li>We conclude with a look at 2023 share performance and a peak into 2024</li>
</ul>


For segments we cover -- express, containers, tourism -- 2023 was challenging
In this note we highlight each segment's key trends and themes from 2023
We conclude with a look at 2023 share performance and a peak into 2024


Key 2023 Trends & Themes in Asian Express, Containers, Tourism | Plus A Peak Into 2024

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

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Dec 15th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Techtronic Ind, Link Reit, Jd, HSBC, Wuxi Bio, East Buy.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Dec 15th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Techtronic Ind, Link Reit, Jd, HSBC, Wuxi Bio, East Buy.


HK Short Interest Weekly: Techtronic Ind, Link Reit, Jd, HSBC, Wuxi Bio, East Buy

China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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Alibaba Group Holding (BABA US)

CX Daily: China’s Cloud Giants Seek Profits Abroad as Domestic Margins Dwindle

Cloud / In Depth: China’s cloud giants seek profits abroad as domestic margins dwindle Cloud computing has become a new battleground in the...

Caixin Global

China Strategy: Are We Still Going to Have January Effect in 2024?

China's industrial profit growth accelerated to 29.5% YoY in Nov, from just a 2.7% increase in Oct, suggesting initial impacts from the series of...

Osbert Tang, CFA

China Consumption Weekly (25 Dec 2023): Tencent, NetEase, NIO, Xpeng, Alibaba, Meituan, Douyin

China Passenger Car Association expects NEV will grow by 37% for 2023. NIO got US2.2 billion investment. Alibaba reduced shareholdings on Xpeng ...

Ming Lu

Key 2023 Trends & Themes in Asian Express, Containers, Tourism | Plus A Peak Into 2024

In this insight we look at the important trends and themes we've covered this year in the express, containers, and tourism sectors. We also...

Tracking Traffic

HK Short Interest Weekly: Techtronic Ind, Link Reit, Jd, HSBC, Wuxi Bio, East Buy

We analyzed the latest HK SFC report for aggregate short position as of Dec 15th and highlight short interest changes in Techtronic Ind, Link Reit,...

Ke Yan, CFA, FRM

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