HK/China Equity Long-Short

Osbert Tang, CFA

Thematic (Sector/Industry)

<ul>
<li>China's twists in its COVID combating measures are positive to the economy as many quarantine requirements are relaxed and secondary contacts are not identified and traced.</li>
<li>The latest change should bring more spending confidence to the consumers, and this will benefit consumer discretionary companies in the retail and F&amp;B sectors. </li>
<li>Relaxed quarantine requirements are positive to the travel and hospitality companies. Chinese airlines and international air tickets have seen immediate demand surge after the announcement.  </li>
</ul>


China's twists in its COVID combating measures are positive to the economy as many quarantine requirements are relaxed and secondary contacts are not identified and traced.
The latest change should bring more spending confidence to the consumers, and this will benefit consumer discretionary companies in the retail and F&amp;B sectors. 
Relaxed quarantine requirements are positive to the travel and hospitality companies. Chinese airlines and international air tickets have seen immediate demand surge after the announcement.  


China's Latest COVID Policy: What Are the Plays?

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
In Depth: Missfresh implosion highlights bitter business of selling groceries online
</li>
<li>
Beijing sanctions more individuals in Taiwan in response to U.S. congressional visits
</li>
<li>
Fugitive behind $15 billion Myanmar business hub arrested in Thailand
</li>
</ul>



In Depth: Missfresh implosion highlights bitter business of selling groceries online


Beijing sanctions more individuals in Taiwan in response to U.S. congressional visits


Fugitive behind $15 billion Myanmar business hub arrested in Thailand



CX Daily: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online

<ul>
<li>The sharp surge in Omicron-driven local cases has driven more stringent measures by local governments. On ground in Shanghai, we see more tightened measures being implemented over the weekend. </li>
<li>The measures will reduce a lot of foot traffic and lower discretionary spending appetite in Mar, and this will negatively weigh on many 1Q22 results to be announced in late-Apr. </li>
<li>We advocate a long staples, short discretionary strategy in the near term. Also, travel sector will be hit, and on net-net basis, <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> looks to be a loser.</li>
</ul>


The sharp surge in Omicron-driven local cases has driven more stringent measures by local governments. On ground in Shanghai, we see more tightened measures being implemented over the weekend. 
The measures will reduce a lot of foot traffic and lower discretionary spending appetite in Mar, and this will negatively weigh on many 1Q22 results to be announced in late-Apr. 
We advocate a long staples, short discretionary strategy in the near term. Also, travel sector will be hit, and on net-net basis, Meituan (3690 HK) looks to be a loser.


China on the Ground: Escalating Measures to Combat Omicron and What Stocks Are Impacted?

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<ul>
<li>On 3 March, the South Korean romance drama "Something in the Rain" was streamed on a Chinese online platform iQiyi. </li>
<li>This was the first time in five years that a Korean TV show has been approved by the Chinese government to be formally allowed to be shown in China.</li>
<li>In addition, there has been numerous media news flow in the past week regarding China pivoting away from its zero-COVID policy.</li>
</ul>


On 3 March, the South Korean romance drama "Something in the Rain" was streamed on a Chinese online platform iQiyi. 
This was the first time in five years that a Korean TV show has been approved by the Chinese government to be formally allowed to be shown in China.
In addition, there has been numerous media news flow in the past week regarding China pivoting away from its zero-COVID policy.


China Pivots from Zero-COVID Policy & End of China's Ban on Korean Culture?

<ul><li>Hong Kong cases top 55,000, but Lam rules out full lockdown</li><li>Wounded Chinese citizen in Ukraine ‘out of danger,’ ministry says</li><li>GDP target, budget deficit, housing controls: What to watch for at China’s ‘Two Sessions’</li></ul>

Hong Kong cases top 55,000, but Lam rules out full lockdownWounded Chinese citizen in Ukraine ‘out of danger,’ ministry saysGDP target, budget deficit, housing controls: What to watch for at China’s ‘Two Sessions’

CX Daily: Hong Kong Cases Top 55,000, but Lam Rules Out Full Lockdown

China

Haidilao International Holding Ltd. is an investment holding company primarily operating a popular Chinese hot pot restaurant chain under the Haidilao brand. The company also engages in delivery services and the sale of condiment products and food ingredients. It was founded in 1994 and is headquartered in Beijing, China.

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Haidilao (6862 HK)

China's Latest COVID Policy: What Are the Plays?

The refined COVID combating measures in China is welcoming and should benefit the consumer discretionary, travel and hospitality and airlines...

Osbert Tang, CFA

CX Daily: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online

In Depth: Missfresh implosion highlights bitter business of selling groceries online. Beijing sanctions more individuals in Taiwan in response to...

Caixin Global

China on the Ground: Escalating Measures to Combat Omicron and What Stocks Are Impacted?

Omicron combating measures have been stepped up over the weekend and this will make a dent on the Mar operations of many companies. This will be...

Osbert Tang, CFA

China Pivots from Zero-COVID Policy & End of China's Ban on Korean Culture?

On 3 March, the South Korean romance drama "Something in the Rain" was streamed on a Chinese online platform iQiyi. In addition, China appears to...

Douglas Kim

CX Daily: Hong Kong Cases Top 55,000, but Lam Rules Out Full Lockdown

Hong Kong cases top 55,000, but Lam rules out full lockdown. Wounded Chinese citizen in Ukraine ‘out of danger,’ ministry says

Caixin Global

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