In today’s briefing:
- Ohayo Japan|China Worries Sinks Equities; NUGGET: Japan Post Holdings – More Behind
- China TMT Update-BABA/VIPS/JD/PDD/3690.HK/1810.HK/2454.TT/BEKE-Catering Was the Top Growing Category
- China’s Extremely Rare Policy to Attract Foreign Investment and the Signals Behind
- Weekly Sustainable Investing Surveyor – Week Ended August 11, 2023
Ohayo Japan|China Worries Sinks Equities; NUGGET: Japan Post Holdings – More Behind
- OVERSEAS. Equities sink on China Worries; China enacts emergency rate cuts; Stops publishing youth employment data; Strong US Retail sales pushes Yields; New US Bank regulation to hit profits
- JAPAN. NKY Futures -1% discount vs Cash; USDJPY 145.6; Japan watching Yen – to take appropriate action says Fin Minister; JP GDP beats expectations; Typhoon Lan rips Western Japan
- NUGGET. Japan Post Holdings -300 billion yen share buyback; With a pile of cash from Japan Post Bank Sale (1.2 trillion to be exact), we think this just the start
China TMT Update-BABA/VIPS/JD/PDD/3690.HK/1810.HK/2454.TT/BEKE-Catering Was the Top Growing Category
- BABA/VIPS/JD/PDD/3690.HK: Catering was the top growing consumption category in July (-/-/-/+)
- 1810.HK/2454.TT: Xiaomi launches new products at annual Lei Jun conference (+)
- Property sector update: New home sales in July remain weak, and expect the landing of supportive policies（/）
China’s Extremely Rare Policy to Attract Foreign Investment and the Signals Behind
- It’s the first time in nearly thirty years for the State Council to directly issue The Guidelines giving specific instructions on attracting foreign investment. Therefore, it’s necessary to interpret the signals behind.
- The core requirement is for foreign companies to bring their production capacity/core technology to China (e.g. Tesla, Moderna). The ultimate goal is to help China’s industry upgrade, achieve technological breakthroughs.
- However, the investment logic of “import substitution” naturally conflicts with attracting foreign investment and guarantee the “national treatment” of foreign-invested enterprises. So, investors may need to change thinking mode/strategies.
Weekly Sustainable Investing Surveyor – Week Ended August 11, 2023
- Electrovaya is a leading manufacturer of safe and long-lasting LIBs with differentiated performance and safety attributes, according to the company.
- Electrovaya has two primary battery platforms: Infinity and SSB. The Infinity battery platform targets commercial vehicles, including lithium-ion e-forklifts, e-buses, and e-trucks.
- This product has been launched commercially through global partners, including Toyota, Raymond, and Walmart.
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