Overseas Chinese Equities, Aequitas Research

Ming Lu

A veteran with 19-year experience in equity research.

Geographical coverage:
* Companies operating in China, but listed in Hong Kong and the U.S.
* Previously China A-share (listed in mainland China).

Equity sector coverage:
* Chinese App / Internet-based consumption in China, e.g., Alibaba, Tencent, etc.
* Previously covered education, transportation, telecom, power, bank, advertisement, hotel, etc.

Research methods:
* Generally bottom-up.
* Talk to related people on the ground.  Talk to readers and independent writers for analyzing a news portal.  Talk to parents and teachers for analyzing a tutoring school. 
* Visit stores and show photos as evidence in notes.
* Do technical analysis when finding a short-seller attacking an equity.

Languages:
* English
* Mandarin Chinese (Official language of China)
* Shanghainese (Language of Shanghai, the most developed city in China)
* Cantonese (Language of Hong Kong and Canton Province, one of the most developed provinces in China)

Overseas Chinese Equities

Thematic (Sector/Industry)

CDR Closer after 6 Funds Got ApprovalsCDR, or China Depository Receipt, represents stocks traded in the US stock exchanges.  In other words, mainland Chinese investors will be able to buy overseas listed Chinese stocks with RMB.  We remind that China is a country under foreign exchange control.On June 6, CSRC (China Securities Regulatory Commission) proved 6 fund management companies to offer the CDR funds.  On the same day, CSRC promulgated Administration of CDR Offering and Trading, but we do…

CDR Closer after 6 Funds Got ApprovalsCDR, or China Depository Receipt, represents stocks traded in the US stock exchanges.  In other words, mainland Chinese investors will be able to buy overseas listed Chinese stocks with RMB.  We remind that China is a country under foreign exchange control.On June 6, CSRC (China Securities Regulatory Commission) proved 6 fund management companies to offer the CDR funds.  On the same day, CSRC promulgated Administration of CDR Offering and Trading, but we do…

CDR Closer After 6 Funds Got Approvals – What Should Investors Do at Beginning of CDR?