Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Thematic (Sector/Industry)

* Regulatory headwinds the sector appear to be abating;* Fundamentals  - at worst - appear to be stabilizing;* Brokerage sector valuations and projected returns are inviting.  The mainland Chinese brokers have essentially been in the doldrums since the heavy regulatory interventions of 2015. H-share names now significantly discount dissipating regulatory headwinds. Anecdotal evidence also suggests that the China Securities Regulatory Commission’s (CSRC) attitude toward domestic capital markets…

* Regulatory headwinds the sector appear to be abating;* Fundamentals  - at worst - appear to be stabilizing;* Brokerage sector valuations and projected returns are inviting.  The mainland Chinese brokers have essentially been in the doldrums since the heavy regulatory interventions of 2015. H-share names now significantly discount dissipating regulatory headwinds. Anecdotal evidence also suggests that the China Securities Regulatory Commission’s (CSRC) attitude toward domestic capital markets…

Mainland Chinese Brokers - Red, Right, Return

Investment Advisors, JL Warren Capital

Junheng Li

Investment Advisors

JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Outbound Flight Passengers Up 3% YoY in May: SK Down 54%, Macau Up 37%Stocks Mentioned: <a href="https://www.smartkarma.com/entities/180" target="_blank" data-smartkarma-citation="entities:180">Ctrip.com International (ADR) (CTRP US)</a>, <a href="https://www.smartkarma.com/entities/12179" target="_blank" data-smartkarma-citation="entities:12179">Amorepacific Group (002790 KS)</a>, <a href="https://www.smartkarma.com/entities/6501" target="_blank" data-smartkarma-citation="entities:6501">LG Household &amp; Health Care (051900 KS)</a>, Macau CasinosIn May, our commercial flight tracking data suggests a 3% year-over-year increase in outbound tourists totaling 2 million passengers.  We believe that the strengthening of the RMB contributed to the rebound of the outbound tourists.  The upward trend is positive for OTA companies such…

Outbound Flight Passengers Up 3% YoY in May: SK Down 54%, Macau Up 37%Stocks Mentioned: Ctrip.com International (ADR) (CTRP US), Amorepacific Group (002790 KS), LG Household &amp; Health Care (051900 KS), Macau CasinosIn May, our commercial flight tracking data suggests a 3% year-over-year increase in outbound tourists totaling 2 million passengers.  We believe that the strengthening of the RMB contributed to the rebound of the outbound tourists.  The upward trend is positive for OTA companies such…

Head of Research at Fusion Wealth Management Ltd

Michael McGaughy

In my research and investing I stress three things: people, structure, and value.  I look for companies that are controlled and managed by quality people, have corporate structures that align minority and majority shareholder interests and trade at valuations that are below fair value if not outright cheap. This note is actually not about any of that and instead just a quick one about bitcoin and how my initial skepticism may have been wrong.  I usually don’t write “macro” or ‘thought pieces’…

In my research and investing I stress three things: people, structure, and value.  I look for companies that are controlled and managed by quality people, have corporate structures that align minority and majority shareholder interests and trade at valuations that are below fair value if not outright cheap. This note is actually not about any of that and instead just a quick one about bitcoin and how my initial skepticism may have been wrong.  I usually don’t write “macro” or ‘thought pieces’…

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

Chinese Officials Turn a Blind Eye to Corruption

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond market. As the third largest bond market in the world, this could be a significant boost to international investors wanting access to the Mainland China debt market.<div class="content-highlight">On 15 March 2017, following the fifth annual meeting of the 12th National People' Congress, Premier Li Keqiang announced the intention to launch a bond trading link between China and Hong Kong…</div>

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond market. As the third largest bond market in the world, this could be a significant boost to international investors wanting access to the Mainland China debt market.On 15 March 2017, following the fifth annual meeting of the 12th National People' Congress, Premier Li Keqiang announced the intention to launch a bond trading link between China and Hong Kong…

China-Hong Kong Bond Connect on Its Way. A Legal Update from Dechert's Financial Services Group

China

China Galaxy Securities Co., Ltd. provides securities services. The Company provides securities underwriting, securities brokerage, securities investment advisory, securities transaction, and other services. China Galaxy Securities provides its services throughout China.

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China Galaxy Securities (H) (6881 HK)

Mainland Chinese Brokers - Red, Right, Return

* Regulatory headwinds the sector appear to be abating;* Fundamentals - at worst - appear to be stabilizing;* Brokerage sector valuations and...

Thomas J. Monaco

Chinese Outbound Tourism May Data

Outbound Flight Passengers Up 3% YoY in May: SK Down 54%, Macau Up 37%Stocks Mentioned: Ctrip.com International (ADR) (CTRP US), Amorepacific Group...

JL Warren Capital

Bitcoin - The View From Lagos

In my research and investing I stress three things: people, structure, and value. I look for companies that are controlled and managed by quality...

Michael McGaughy

Chinese Officials Turn a Blind Eye to Corruption

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its...

Bixmoor

China-Hong Kong Bond Connect on Its Way. A Legal Update from Dechert's Financial Services Group

China has announced the launch of a new initiative that is likely to liberalize the process for foreign investors to invest in the China bond...

Dechert LLP

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