In today’s briefing:
- Singles’ Day: Chinese Consumers Are Trading Down Instead of Buying Up
- Japan Weekly | All About Yen; Panasonic, Cyberagent
- [Blue Lotus Daily]: LKNCY/Cotti Coffe/XPEV/BIDU/NIO/LI/JKS/DIDI/300274 CH/300750 CH/601012 CH
- China Drafts List of Developers Eligible for Funding, Asks Banks to Boost Real Estate Lending
Singles’ Day: Chinese Consumers Are Trading Down Instead of Buying Up
- Singles’ Day sales are more than four times the USD 35.3 billion that U.S. shoppers clocked during Cyber Week (from Black Friday to Cyber Monday).
- Global consumer names such as Apple, Nike, Lululemon, L’Oreal, and P&G have a large presence on Chinese e-commerce platforms.
- JD.com reported last year that Apple sold more than RMB 1 billion worth of products in the first minute of the event’s final sales period.
Japan Weekly | All About Yen; Panasonic, Cyberagent
- Market Watch: Topix ended the week unchanged. The yen was the bigger story after strengthening to Y147/$. Forex likely to dominate next week
- Major Movers: CyberAgent was boosted by the release of a new #1 smartphone game; Panasonic gains after announcing potential restructuring of group assets
- Activist Watch: Dalton’s Nippon Active Value fund has found a deep value, small-cap pharma company. Rheos Capital takes a significant stake in a fast-growing M&A advisor
[Blue Lotus Daily]: LKNCY/Cotti Coffe/XPEV/BIDU/NIO/LI/JKS/DIDI/300274 CH/300750 CH/601012 CH
- LKNCY: Cotti Coffee pans to expand into tea drinks business(+)
- BIDU/DIDI/XPEV: MIIT and 4 other departments to carry out intelligent car access network(+)
- LI/NIO/XPEV/300274 CH/300750 CH/601012 CH/JKS: China Export Data in October shows PV and wind power decline accelerating(+/+/+/-/-/-/-)
China Drafts List of Developers Eligible for Funding, Asks Banks to Boost Real Estate Lending
- Chinese regulators are pressing banks to step up lending and ease financing for developers as part of efforts to boost the ailing property sector.
- At a meeting with China’s most important financial institutions last Friday, regulators brought up three new requirements for banks’ real estate loans to developers and homebuyers, people from several state-owned large banks attending the meeting told Caixin.
- The banks were told to keep their real estate loan growth at a level no lower than the banking sector’s average real estate loan growth, loan growth to non-state-owned developers no lower than each bank’s real estate loan growth, and mortgage growth to individuals buying housing from non-state-owned developers no lower than each bank’s mortgage growth, the people said.
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