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

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Chinese video game developers take on the world
</li>
<li>
China’s graft watchdog says 4.6 million investigated for corruption since 2012
</li>
<li>
Chinese airlines to add international routes in wake of eased Covid rules
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</ul>



Chinese video game developers take on the world


China’s graft watchdog says 4.6 million investigated for corruption since 2012


Chinese airlines to add international routes in wake of eased Covid rules



CX Daily: Chinese Video Game Developers Take On the World

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of MS-China in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on TENCENT, MAXSCEND MICROELECTRONICS, MEITUAN, XIAOMI, JD.COM, JIANGSU ETERN, NCI, CHINA LIFE.</li>
</ul>


We analysed the earning revision of component stocks of MS-China in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on TENCENT, MAXSCEND MICROELECTRONICS, MEITUAN, XIAOMI, JD.COM, JIANGSU ETERN, NCI, CHINA LIFE.


MS-China Index Earning Revision (Jul): TENCENT, MAXSCEND MICROELECTRONICS, MEITUAN, XIAOMI, JD.COM

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul>
<li>Monthly data just out reveals exceptionally strong aggregate financing growth</li>
<li>There is no interim period where the monthly new financing as been this high</li>
<li>China's SOE banks may be best positioned to benefit from new fiscal projects</li>
</ul>


Monthly data just out reveals exceptionally strong aggregate financing growth
There is no interim period where the monthly new financing as been this high
China's SOE banks may be best positioned to benefit from new fiscal projects


<ul><li>In Depth: 'Zero Covid' slams the brakes on China’s electric car industry</li><li>Shanghai’s Covid hospitals struggle to handle patients with other serious illnesses</li><li>Exclusive: China’s ‘Big Four’ banks to start pilot program for retirement savings products</li></ul>

In Depth: 'Zero Covid' slams the brakes on China’s electric car industryShanghai’s Covid hospitals struggle to handle patients with other serious illnessesExclusive: China’s ‘Big Four’ banks to start pilot program for retirement savings products

CX Daily: 'Zero Covid' Slams the Brakes on China’s Electric Car Industry

Silver Point

Thomas J. Monaco

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

*Document 15: Recently the China Bank and Insurance Regulatory Commission (CBIRC) issued guidance to both banks and insurers on implicit debt of local government financing vehicles (LGFV) via Document 15 – tightening the screws even further; and*Clarification Was Necessary: Uncertainties surrounding the definition of local state-owned entity (SOE) with implicit financing support from the government has already led to an aggressive impact on lending. Numerous local infrastructure SOEs have subsidiaries with some form of implicit local government debt support, and without financing Document 15 would have had even more significant consequences. Still over 50% of LGFVs remain affected.

*Document 15: Recently the China Bank and Insurance Regulatory Commission (CBIRC) issued guidance to both banks and insurers on implicit debt of local government financing vehicles (LGFV) via Document 15 – tightening the screws even further; and*Clarification Was Necessary: Uncertainties surrounding the definition of local state-owned entity (SOE) with implicit financing support from the government has already led to an aggressive impact on lending. Numerous local infrastructure SOEs have subsidiaries with some form of implicit local government debt support, and without financing Document 15 would have had even more significant consequences. Still over 50% of LGFVs remain affected.

China Banks – Some Clarity On LGFV Financing

China

Agricultural Bank of China is a Chinese multinational banking and financial services corporation. It offers a diverse portfolio of corporate and retail banking products and services, including deposits, loans, wealth management, and investment banking, with a strong focus on rural development and supporting the real economy. The bank was founded in 1951 and is headquartered in Beijing, China.

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Agricultural Bank of China (1288 HK)

CX Daily: Chinese Video Game Developers Take On the World

Chinese video game developers take on the world. China’s graft watchdog says 4.6 million investigated for corruption since 2012.

Caixin Global

MS-China Index Earning Revision (Jul): TENCENT, MAXSCEND MICROELECTRONICS, MEITUAN, XIAOMI, JD.COM

We analyzed MS-China's consensus for Jul 2026 and highlighted changes of EPS in TENCENT, MAXSCEND MICROELECTRONICS, MEITUAN, XIAOMI, JD.COM,...

Ke Yan, CFA, FRM

China - Surging Stimulus

New data from China, shows huge growth in aggregate financing. This suggests that the government is going all out to support lending, and to...

Daniel Tabbush

CX Daily: 'Zero Covid' Slams the Brakes on China’s Electric Car Industry

In Depth: 'Zero Covid' slams the brakes on China’s electric car industry. Shanghai’s Covid hospitals struggle to handle patients with other serious...

Caixin Global

China Banks – Some Clarity On LGFV Financing

CHINA BANKS: Recently the CBIRC issued guidance to both banks and insurers on implicit debt of LGFV via Document 15. Clarification was needed given...

Thomas J. Monaco

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