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>China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery.</li><li>Total ad spend returned to positive growth of 15% YoY in April 2023, per CTR.</li><li>However, overall ad spend has yet to recover to the 2021 level, with ad spending in Apr 2023 only reached 92% of the ad spend level in Apr 2021. </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.

China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery.Total ad spend returned to positive growth of 15% YoY in April 2023, per CTR.However, overall ad spend has yet to recover to the 2021 level, with ad spending in Apr 2023 only reached 92% of the ad spend level in Apr 2021. 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 Internet – 2Q23 online advertising: recovery in cautious mode

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

<ul><li>China’s game licensing regulator green-lit a fresh batch of titles for market for the third time in as many months</li><li>January’s licenses are an upbeat sign from the NPPA, which follows regulatory signals in July that the permit process would be streamlined after years of uncertainty. </li><li>Games must have a license from the regulator before they can enter the market. Typically handed out monthly, licenses were issued just seven times last year after an eight-month freeze that ended in April.</li></ul>

China’s game licensing regulator green-lit a fresh batch of titles for market for the third time in as many monthsJanuary’s licenses are an upbeat sign from the NPPA, which follows regulatory signals in July that the permit process would be streamlined after years of uncertainty. Games must have a license from the regulator before they can enter the market. Typically handed out monthly, licenses were issued just seven times last year after an eight-month freeze that ended in April.

China’s Video Game Regulator Issues Fresh Licenses in Positive Sign for Recovering Industry

Cross Asset Strategy

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In Depth: China’s relaxation of penalties for wildlife breeding raises concerns
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State firms urged to recruit more college graduates amid bleak job market
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Xi Jinping slams sanctions as ‘double-edged sword’ hurting world economy
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</ul>



In Depth: China’s relaxation of penalties for wildlife breeding raises concerns


State firms urged to recruit more college graduates amid bleak job market


Xi Jinping slams sanctions as ‘double-edged sword’ hurting world economy



CX Daily: China’s Relaxation of Penalties for Wildlife Breeding Raises Concerns

<ul>
<li>Chinese regulators cleared publishing licenses Tuesday for 60 online games in this year’s second batch of new title approvals following an eight-month suspension</li>
<li>The omission of Tencent and NetEase extended their 11-month drought for new title approvals.</li>
<li>Titles on the latest list are mainly smaller-budget games. Despite the absence of the biggest players, the approvals fanned hopes that regulators are easing their tight leash on the industry and will allow more new games</li>
</ul>


Chinese regulators cleared publishing licenses Tuesday for 60 online games in this year’s second batch of new title approvals following an eight-month suspension
The omission of Tencent and NetEase extended their 11-month drought for new title approvals.
Titles on the latest list are mainly smaller-budget games. Despite the absence of the biggest players, the approvals fanned hopes that regulators are easing their tight leash on the industry and will allow more new games


Tencent, NetEase Miss Out in China’s New Game Approvals

<ul><li>Caixin Explains: Why newly listed Chinese stocks fall below their IPO prices</li><li>Court ruling triggers debate on assisted reproductive rights of single women</li><li>China’s polluting industries allowed to issue bonds to fund low-carbon transition</li></ul>

Caixin Explains: Why newly listed Chinese stocks fall below their IPO pricesCourt ruling triggers debate on assisted reproductive rights of single womenChina’s polluting industries allowed to issue bonds to fund low-carbon transition

CX Daily: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

China

Bilibili Inc. provides online entertainment services. The Company offers a platform that covers a wide array of genres and media formats, including videos, live broadcasting, mobile games, animation, and comics. Bilibili serves customers in China.

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Bilibili (9626 HK)

China Internet – 2Q23 online advertising: recovery in cautious mode

China’s total ad spending saw YoY recovery in 2Q23, due to both low base in 2Q22 and consumption recovery. Total ad spend returned to positive...

CMB International

China’s Video Game Regulator Issues Fresh Licenses in Positive Sign for Recovering Industry

China’s game licensing regulator green-lit a fresh batch of titles for market for the third time in as many months. January’s licenses are an...

Caixin Global

CX Daily: China’s Relaxation of Penalties for Wildlife Breeding Raises Concerns

In Depth: China’s relaxation of penalties for wildlife breeding raises concerns. State firms urged to recruit more college graduates amid bleak job...

Caixin Global

Tencent, NetEase Miss Out in China’s New Game Approvals

Chinese regulators cleared publishing licenses Tuesday for 60 online games in this year’s second batch of new title approvals following an eight...

Caixin Global

CX Daily: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

Caixin Explains: Why newly listed Chinese stocks fall below their IPO prices. Court ruling triggers debate on assisted reproductive rights of...

Caixin Global

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