Equity Research in HK and Mainland China

Li Tang

Highly experienced sell-side analyst with more than ten years of experience in the field of China’s in-depth policy-driven macro research in China (Beijing) .
Covering in equity research in HK and Mainland market mainly real estate, construction,steel sector.
The Ideas generation based on an analysis of China’s future direction and policy decisions fundamental analysis on sector impact, market drivers, timing and scale, combined with quantitative analysis.

China Expects to Surpass 2020 NEV Sales Target

China Central Economic Work Conference: "Strengthen National Strategic Science and Technology Power"

China Will Reduce Its Subsidies for Regular New Energy Vehicles by 20% in 2021

Cross Asset Strategy

China Titans Energy Technology Group Co (2188 HK)

It’s been an excellent year for investors in the China electric vehicle stock, but some investors believe the speculation rather than underlying fundamentals, is sending China NEV(New Energy Vehicle) stock higher. We remain confident in the China-based electric vehicle (EV) maker’s prospects due to strong government policy and continued growing market.
We are positive on NEV makers (<a href="https://www.smartkarma.com/entities/li-auto-inc" target="_blank" rel="noopener">Li Auto Inc. (LI US)</a> , <a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO Inc (NIO US)</a> and <a href="https://www.smartkarma.com/entities/xpeng-motors" target="_blank" data-smartkarma-citation="entities:29217:1" rel="noopener">Xpeng Motors (XPEV US)</a>) and NEV charging infrastructure ( <a href="https://www.smartkarma.com/entities/china-titans-energy-technology-group-co" target="_blank" data-smartkarma-citation="entities:3953:1" rel="noopener">China Titans Energy Technology Group Co (2188 HK)</a> ,  <a href="https://www.smartkarma.com/entities/ten-pao-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:27241:1" rel="noopener">Ten Pao Group Holdings Ltd (1979 HK)</a>  )as both segments stand to gain from an improvement in NEV sales after NEV sales lagged the recovery in traditional auto sales, and with local governments providing various support measures.
China has bet big on NEVs as a strategically important industry, the government has five essential policy support tools for NEVs include reduced taxes, direct subsidies to manufacturers, consumer subsidies, mandated government procurements, and the industrial policy Made in China 2025 (Even China keep this plan at low profile due to trade war with the U.S).In this insight, we have highlighted the China recent NEVs support policy to evaluate China NEV industry.

It’s been an excellent year for investors in the China electric vehicle stock, but some investors believe the speculation rather than underlying fundamentals, is sending China NEV(New Energy Vehicle) stock higher. We remain confident in the China-based electric vehicle (EV) maker’s prospects due to strong government policy and continued growing market.
We are positive on NEV makers (Li Auto Inc. (LI US) , NIO Inc (NIO US) and Xpeng Motors (XPEV US)) and NEV charging infrastructure ( China Titans Energy Technology Group Co (2188 HK) ,  Ten Pao Group Holdings Ltd (1979 HK)  )as both segments stand to gain from an improvement in NEV sales after NEV sales lagged the recovery in traditional auto sales, and with local governments providing various support measures.
China has bet big on NEVs as a strategically important industry, the government has five essential policy support tools for NEVs include reduced taxes, direct subsidies to manufacturers, consumer subsidies, mandated government procurements, and the industrial policy Made in China 2025 (Even China keep this plan at low profile due to trade war with the U.S).In this insight, we have highlighted the China recent NEVs support policy to evaluate China NEV industry.

China Aims To Build Strong Domestic NEV Brands that Can Compete in Global Markets