China's Stock Market Liquidity Crisis Poses Key Risks to Private Banking Industry
The collapse in the stock market and fear of a potential property tax have negatively impacted the sentiment of high-net-worth Chinese investors. ...
431 Views
Market Unfazed by China’s RRR Cut, RMB Depreciation, Escalating US-China Tension Beyond Trade
We advise clients to cut their long exposure to China as domestic macro downside, currency risk and the US-China tensions intensify. These risks...
302 Views
China's Consumer Credit Crunch, Slowing Consumption, & Stock Implications
In this note, we analyze the latest domestic consumption data including the top 50 retailers, auto sales, and P2P transactions. Domestic...
470 Views
China P2P Loans H1 2018 : Ponzi Scandals Creating Industry Chaos; Loan Origination Plummeted 35% YoY
In Q2, dozens of P2P platforms filed public reports regarding the disappearance of management personnel who took money raised from retail...
373 Views
Rising Cautions on China’s Economy, Currency and Earnings in H2 2018: Macau, NOAH Holdings, JD.com
We are tracking closely the direct and indirect impact from the US-China bilateral trade tension, in terms of FX/RMBUSD, the broader economy and...
197 Views