JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

Trade Talks/Huawei/National People’s Congress/Deleveraging/Stocks

Investment Advisors, JL Warren Capital

Junheng Li

Thematic (Sector/Industry)

United states It / Thematic (Sector/Industry)

Yesterday in Beijing, China Securities News published an article highlighting President Xi’s calling for stock market to become a nation’s core competence at the Collective Study Session of the CPC Politburo last Week.  <a href="https://www.smartkarma.com/entities/22907" target="_blank" data-smartkarma-citation="entities:22907:1">Shanghai Stock Exchange Composite Index (SHCOMP INDEX)</a> soared 5.6%.  The headline has been fueling enthusiastic speculation that a bull market has officially become the political mandate, which is to shake up domestic confidence in capital markets and economy.   Given the increasingly overlap in investor base and funding sources between Chinese ADRs and A-shares, the mainland retail liquidity driven rally have hugely inflated/distorted pricing of a group ADRs including <a href="https://www.smartkarma.com/entities/26755" target="_blank" data-smartkarma-citation="entities:26755:1">iQIYI Inc (IQ US)</a> , <a href="https://www.smartkarma.com/entities/446" target="_blank" data-smartkarma-citation="entities:446:1">JD.com Inc (ADR) (JD US)</a> , <a href="https://www.smartkarma.com/entities/24184" target="_blank" data-smartkarma-citation="entities:24184:1">Baozun Inc. (BZUN US)</a> , <a href="https://www.smartkarma.com/entities/13585" target="_blank" data-smartkarma-citation="entities:13585:1">Noah Holdings Ltd Spon Ads (NOAH US)</a> ; <a href="https://www.smartkarma.com/entities/26006" target="_blank" data-smartkarma-citation="entities:26006:1">PPDAI Group Inc (PPDF US)</a> , <a href="https://www.smartkarma.com/entities/27418" target="_blank" data-smartkarma-citation="entities:27418:1">Qutoutiao Inc (QTT US)</a> , <a href="https://www.smartkarma.com/entities/27250" target="_blank" data-smartkarma-citation="entities:27250:1">Pinduoduo (PDD US)</a> , <a href="https://www.smartkarma.com/entities/25915" target="_blank" data-smartkarma-citation="entities:25915:1">Qudian Inc (QD US)</a>Opportunities may arise to the prepared mind.

Yesterday in Beijing, China Securities News published an article highlighting President Xi’s calling for stock market to become a nation’s core competence at the Collective Study Session of the CPC Politburo last Week.  Shanghai Stock Exchange Composite Index (SHCOMP INDEX) soared 5.6%.  The headline has been fueling enthusiastic speculation that a bull market has officially become the political mandate, which is to shake up domestic confidence in capital markets and economy.   Given the increasingly overlap in investor base and funding sources between Chinese ADRs and A-shares, the mainland retail liquidity driven rally have hugely inflated/distorted pricing of a group ADRs including iQIYI Inc (IQ US) , JD.com Inc (ADR) (JD US) , Baozun Inc. (BZUN US) , Noah Holdings Ltd Spon Ads (NOAH US) ; PPDAI Group Inc (PPDF US) , Qutoutiao Inc (QTT US) , Pinduoduo (PDD US) , Qudian Inc (QD US)Opportunities may arise to the prepared mind. 

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

Retail Margin Loans Funded Refueling China’s A-Share Market