SSE50/SSE180 Index Rebalance: Heavy Focus on Sector Balance
There are 5 changes for the SSE50 Index that will be implemented at the close on 14 June. Sector balance was a big consideration at the review....
362 Views
HSBC - Gap of USD15bn on Carrying Value Vs Fair Value of BoCom, as China Economy Weakens More
HSBC still carries its 19% investment in BoCom at a very high value compared with the market value and with a far weaker China outlook, we are not...
429 Views
China & HK Strategy: Names to Watch for Market Value Management
CSRC's Market Value Management Guidelines will benefit the H-share banks and infrastructure construction companies because their A-shares have P/B...
177 Views
SSE50 Index Rebalance Preview: 5 Changes and US$2.7bn Round-Trip Trade
There could be 5 index changes in June. We estimate a one-way turnover of 7% at the June rebalance leading to a one-way trade of CNY 9.7bn...
679 Views
HSBC - The Narrative Seems to Be Missing Many Points of the Reality
The HSBC narrative seems to be missing much of the reality: the sharp drop in NIM in 4Q23, the worsening proportion of bad CRE loans to total, and...
434 Views