Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.</li>
<li>Overall, net inflow over the past week was ~US$1.3bn, split US$0.4bn for Shanghai and US$0.9bn for Shenzhen.</li>
<li>The largest inflows were into <a href="https://www.smartkarma.com/entities/xpeng-inc-4cc65854-d10c-4d20-bf7e-ca0e016715ff" target="_blank" data-smartkarma-citation="entities:33772:1" rel="noopener">XPeng (9868 HK)</a> and <a href="https://www.smartkarma.com/entities/hong-kong-exchanges-clearing" target="_blank" data-smartkarma-citation="entities:490:1" rel="noopener">HKEX (388 HK)</a>. The largest outflow was in <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> and <a href="https://www.smartkarma.com/entities/koolearn-technology-holding" target="_blank" data-smartkarma-citation="entities:27796:1" rel="noopener">Koolearn (1797 HK)</a>.</li>
</ul>


Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.
Overall, net inflow over the past week was ~US$1.3bn, split US$0.4bn for Shanghai and US$0.9bn for Shenzhen.
The largest inflows were into XPeng (9868 HK) and HKEX (388 HK). The largest outflow was in Meituan (3690 HK) and Koolearn (1797 HK).


Shanghai/​​​​​Shenzhen Southbound Connect: Weekly Moves (24 June 2022)

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

<ul><li>A better way to think of the Hong Kong Market in the current cycle is that it has both US &amp; China's economic headwinds and requires sharply lower rates and currency to correct macro imbalances.</li><li>HKMA should be cutting interest rates, but it cannot do so due to the currency peg.</li><li>Over the last 12-18 months, Hong Kong developers have enjoyed stability in expectations of reopening borders, investment demand, strong balance sheet compared to mainland developers, and low funding costs (HIBOR). These tailwinds are now headwinds.</li></ul>

A better way to think of the Hong Kong Market in the current cycle is that it has both US &amp; China's economic headwinds and requires sharply lower rates and currency to correct macro imbalances.HKMA should be cutting interest rates, but it cannot do so due to the currency peg.Over the last 12-18 months, Hong Kong developers have enjoyed stability in expectations of reopening borders, investment demand, strong balance sheet compared to mainland developers, and low funding costs (HIBOR). These tailwinds are now headwinds.

Hang Seng Index Constituents 16th June 2022

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 analyze the weekly Hong Kong Connect flows with our data engine.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight inflows into Kuaishou, Wuxi Biologics, and Hong Kong Exchange.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight inflows into Kuaishou, Wuxi Biologics, and Hong Kong Exchange.


Hong Kong Connect Flows: Kuaishou, Wuxi Biologics, HKEx

<ul>
<li>Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.</li>
<li>Overall, net inflow was ~US$0.6bn, split (roughly) &lt;US$0.1bn for Shanghai and US$0.5bn for Shenzhen.</li>
<li>The largest inflows were into <a href="https://www.smartkarma.com/entities/beijing-kuaishou-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29725:1" rel="noopener">Kuaishou Technology (1024 HK)</a> and <a href="https://www.smartkarma.com/entities/wuxi-apptec" target="_blank" data-smartkarma-citation="entities:23679:1" rel="noopener">Wuxi Biologics (2269 HK)</a>. The largest outflows were in <a href="https://www.smartkarma.com/entities/cnooc-ltd" target="_blank" data-smartkarma-citation="entities:175:1" rel="noopener">CNOOC Ltd (883 HK)</a> and <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a>.</li>
</ul>


Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.
Overall, net inflow was ~US$0.6bn, split (roughly) &lt;US$0.1bn for Shanghai and US$0.5bn for Shenzhen.
The largest inflows were into Kuaishou Technology (1024 HK) and Wuxi Biologics (2269 HK). The largest outflows were in CNOOC Ltd (883 HK) and Tencent (700 HK).


Shanghai/​​​Shenzhen Southbound Connect: Weekly Moves (9 June 2022)

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>
Coal / In Depth: China’s never-ending coal price woes
</li>
<li>
Rains / Unending torrential rain leaves at least 24 dead across China. At least 24 people have died and six more are missing as torrential rain continues to batter parts of China, according to state media reports and official statements.
</li>
<li>
Inflows / Foreign capital roars back into China’s stock market
</li>
</ul>



Coal / In Depth: China’s never-ending coal price woes


Rains / Unending torrential rain leaves at least 24 dead across China. At least 24 people have died and six more are missing as torrential rain continues to batter parts of China, according to state media reports and official statements.


Inflows / Foreign capital roars back into China’s stock market



CX Daily: China’s Never-Ending Coal Price Woes

Hong Kong

Hong Kong Exchanges & Clearing Limited owns and operates the stock exchange, futures exchange, and their related clearing houses in Hong Kong.  The Company provides the trading platforms for a range of cash and derivatives products and the facilities for processing trades.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

HKEX (388 HK)

Shanghai/Shenzhen Southbound Connect: Weekly Moves (24 June 2022)

Overall, net inflow for the week was ~US$1.3bn, split US$0.4bn for Shanghai and US$0.9bn for Shenzhen. The largest inflows were into XPeng and...

David Blennerhassett

Hang Seng Index Constituents 16th June 2022

A better way to think of the Hong Kong Market in the current cycle is that it has both US & China's economic headwinds and requires sharply...

Untying The Gordian Knot

Hong Kong Connect Flows: Kuaishou, Wuxi Biologics, HKEx

We highlight weekly southbound Hong Kong connect inflows into Kuaishou, Wuxi Biologics, and Hong Kong Exchange, and outflows from CNOOC, China...

Ke Yan, CFA, FRM

Shanghai/Shenzhen Southbound Connect: Weekly Moves (9 June 2022)

Overall, net inflow was ~US$0.6bn, split (roughly) <US$0.1bn for Shanghai Southbound and US$0.5bn for Shenzhen Southbound.

David Blennerhassett

CX Daily: China’s Never-Ending Coal Price Woes

Coal / In Depth: China’s never-ending coal price woes. Rains / Unending torrential rain leaves at least 24 dead across China

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Shanghai/​​​​​Shenzhen Southbound Connect: Weekly Moves (24 June 2022)

Overall, net inflow for the week was ~US$1.3bn, split US$0.4bn for Shanghai and US$0.9bn for Shenzhen. The largest inflows were into XPeng and...

David Blennerhassett

Hang Seng Index Constituents 16th June 2022

A better way to think of the Hong Kong Market in the current cycle is that it has both US & China's economic headwinds and requires sharply...

Untying The Gordian Knot

Hong Kong Connect Flows: Kuaishou, Wuxi Biologics, HKEx

We highlight weekly southbound Hong Kong connect inflows into Kuaishou, Wuxi Biologics, and Hong Kong Exchange, and outflows from CNOOC, China...

Ke Yan, CFA, FRM

Shanghai/​​​Shenzhen Southbound Connect: Weekly Moves (9 June 2022)

Overall, net inflow was ~US$0.6bn, split (roughly) <US$0.1bn for Shanghai Southbound and US$0.5bn for Shenzhen Southbound.

David Blennerhassett

CX Daily: China’s Never-Ending Coal Price Woes

Coal / In Depth: China’s never-ending coal price woes. Rains / Unending torrential rain leaves at least 24 dead across China

Caixin Global

Shanghai/Shenzhen Southbound Connect: Weekly Moves (24 June 2022)

Shanghai/Shenzhen Southbound Connect: Weekly Moves (9 June 2022)