Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

(QUICK UPDATE) Tracking the herd of Chinese tourist: Japan and Thailand top the list

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Thematic (Sector/Industry)

Hong kong Financials / Thematic (Sector/Industry)

Street observers&nbsp;are blaming the slow down in visitor traffic from mainland as a result of the pro-democratic Occupy Central,&nbsp;increasing tension between Hongkongers and mainland Chinese, and anti-corruption campaign in China for the weak retail sales in Hong Kong.Would this be a one off event?Behind the scene, however, we think there are three important long term bearish structural trends that will have persistent&nbsp;impact on Hong Kong's tourism industry:&nbsp;<ul><li>We examined how Hong Kong is loosing its attractiveness to mainland Chinese.</li><li>We looked at how&nbsp;it is getting easier for Chinese to explore the world</li><li>We highlight some factors that are deterring Chinese from choosing Hong Kong &nbsp;as their holiday destination</li></ul>

Street observers&nbsp;are blaming the slow down in visitor traffic from mainland as a result of the pro-democratic Occupy Central,&nbsp;increasing tension between Hongkongers and mainland Chinese, and anti-corruption campaign in China for the weak retail sales in Hong Kong.Would this be a one off event?Behind the scene, however, we think there are three important long term bearish structural trends that will have persistent&nbsp;impact on Hong Kong's tourism industry:&nbsp;We examined how Hong Kong is loosing its attractiveness to mainland Chinese.We looked at how&nbsp;it is getting easier for Chinese to explore the worldWe highlight some factors that are deterring Chinese from choosing Hong Kong &nbsp;as their holiday destination

Greaterchina Professional Services (8193 HK)

Southwest Securities Intl Securities (812 HK)

Orient Securities Intl Holdings (8001 HK)

China Financial International Investment (721 HK)

China Ding Yi Feng Holdings Limited (612 HK)

Freeman FinTech Corporation Limited (279 HK)

China Merchants China Direct Investments (133 HK)

China Medical & HealthCare Group Limited (383 HK)

China Smarter Energy Group Holdings (1004 HK)

China Development Bank Intrntnl Invstmnt (1062 HK)

Cosmopolitan International Holdings Limited (120 HK)

Cosmopolitan International Holdings Limited

Oi Wah Pawnshop Credit Holdings (1319 HK)

Haitong International Securities Group (665 HK)

China Development Bank Financial Leasing (1606 HK)

Hong Kong's Future? 3 structural bears for retailer/tourism