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

Thematic (Sector/Industry)

<ul><li>Investment firm Temasek International Pte. Ltd. will keep a close eye on the long-term prospects of generative artificial intelligence (AI) in China, but will hold off on investing in mainland-listed stocks in the industry given their lack of fundamentals, the company’s China president said.</li><li>The state-owned Singaporean firm hasn’t made a single investment on the mainland in artificial-intelligence generated content (AIGC) stocks, a term commonly used for shares related to generative AI, Wu Yibing told Caixin in an interview on July 13.</li><li>Fueled by the success of ChatGPT, AIGC concept stocks have rallied this year, making them one of the few segments in China’s sluggish domestic market that have experienced significant growth.</li></ul>

Investment firm Temasek International Pte. Ltd. will keep a close eye on the long-term prospects of generative artificial intelligence (AI) in China, but will hold off on investing in mainland-listed stocks in the industry given their lack of fundamentals, the company’s China president said.The state-owned Singaporean firm hasn’t made a single investment on the mainland in artificial-intelligence generated content (AIGC) stocks, a term commonly used for shares related to generative AI, Wu Yibing told Caixin in an interview on July 13.Fueled by the success of ChatGPT, AIGC concept stocks have rallied this year, making them one of the few segments in China’s sluggish domestic market that have experienced significant growth.

Why Temasek Is Steering Clear of China’s Generative AI Stock Frenzy for Now

Cross Asset Strategy

<ul><li>Temasek /: Why Temasek is steering clear of China’s generative AI stock frenzy for now</li><li>Kissinger /: Xi praises Kissinger’s ‘historic contribution’ to U.S.-China ties</li><li>Private /: China vows to create a ‘bigger, better, and stronger’ private sector</li></ul>

Temasek /: Why Temasek is steering clear of China’s generative AI stock frenzy for nowKissinger /: Xi praises Kissinger’s ‘historic contribution’ to U.S.-China tiesPrivate /: China vows to create a ‘bigger, better, and stronger’ private sector

CX Daily: Why Temasek Is Steering Clear of China’s Generative AI Stock Frenzy for Now

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.

Equity Bottom-Up

<ul><li>Tencent will report 2Q23 results on 16 Aug.</li><li>We expect a strong quarter with total revenue/non-IFRS net income up by 12/25% YoY to RMB149.9/35.2bn, driven by solid recovery of ads/fintech businesses and operating leverage.</li><li>Several developing catalysts will support Tencent’s business growth and valuation recovery: 1) solid consumer internet revenue growth provides room for operating leverage improvement; 2) Tencent’s MaaS solutions and AI deployment will not only capture the rising enterprise demand for model training and AI applications, but also become growth multipliers for its own business lines. </li></ul><p><em>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.</em></p>

Tencent will report 2Q23 results on 16 Aug.We expect a strong quarter with total revenue/non-IFRS net income up by 12/25% YoY to RMB149.9/35.2bn, driven by solid recovery of ads/fintech businesses and operating leverage.Several developing catalysts will support Tencent’s business growth and valuation recovery: 1) solid consumer internet revenue growth provides room for operating leverage improvement; 2) Tencent’s MaaS solutions and AI deployment will not only capture the rising enterprise demand for model training and AI applications, but also become growth multipliers for its own business lines. 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.

Tencent (700 HK) – 2Q23 Preview: Expecting Strong Recovery Ahead

<ul><li>Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loom</li><li>China-U.S. /: China, U.S. should prioritize setting up guiding principles for peaceful bilateral relationship, former Chinese ambassador says</li><li>Yellen /: Analysis: What does the market expect from Yellen’s China visit?</li></ul>

Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loomChina-U.S. /: China, U.S. should prioritize setting up guiding principles for peaceful bilateral relationship, former Chinese ambassador saysYellen /: Analysis: What does the market expect from Yellen’s China visit?

CX Daily: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

Equity Capital Markets

<ul><li>The Hong Kong Stock Exchange (HKEX) launched its new dual-currency counter Monday, and the first batch of 24 stocks had a total turnover of 163 million yuan ($22.9 million) on the first day.</li><li>The Hong Kong Dollar-yuan dual-currency counter allows investors to trade and settle designated shares in Hong Kong or mainland China currency, offering the potential to access new liquidity.</li><li>The model also lays the groundwork to support the next phase of development to allow investors from the Chinese mainland to trade Hong Kong-listed yuan, or renminbi, securities through the southbound Stock Connect, the HKEX said.</li></ul>

The Hong Kong Stock Exchange (HKEX) launched its new dual-currency counter Monday, and the first batch of 24 stocks had a total turnover of 163 million yuan ($22.9 million) on the first day.The Hong Kong Dollar-yuan dual-currency counter allows investors to trade and settle designated shares in Hong Kong or mainland China currency, offering the potential to access new liquidity.The model also lays the groundwork to support the next phase of development to allow investors from the Chinese mainland to trade Hong Kong-listed yuan, or renminbi, securities through the southbound Stock Connect, the HKEX said.

HKEX Launches Yuan Counter for Trading of Hong Kong-Listed Shares

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent Holdings (ADR) (TCEHY US)

Why Temasek Is Steering Clear of China’s Generative AI Stock Frenzy for Now

Investment firm Temasek International Pte. Ltd. will keep a close eye on the long-term prospects of generative artificial intelligence (AI) in...

Caixin Global

CX Daily: Why Temasek Is Steering Clear of China’s Generative AI Stock Frenzy for Now

Temasek /: Why Temasek is steering clear of China’s generative AI stock frenzy for now Kissinger /: Xi praises Kissinger’s ‘historic contribution’...

Caixin Global

Tencent (700 HK) – 2Q23 Preview: Expecting Strong Recovery Ahead

We expect a strong quarter with total revenue/non-IFRS net income up by 12/25% YoY to RMB149.9/35.2bn, driven by solid recovery of ads/fintech...

CMB International

CX Daily: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loom China-U.S. /: China, U.S. should prioritize...

Caixin Global

HKEX Launches Yuan Counter for Trading of Hong Kong-Listed Shares

The Hong Kong Stock Exchange (HKEX) launched its new dual-currency counter Monday, and the first batch of 24 stocks had a total turnover of 163...

Caixin Global

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