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>Cover Story: U.S.-Israel War With Iran Drifts Toward Attrition</li><li>China’s State Financial Managers Face Deep Pay Cuts as Reform Bites</li><li>Analysis: Could Global Oil Shock Trigger Imported Stagflation in China?</li></ul>

Cover Story: U.S.-Israel War With Iran Drifts Toward AttritionChina’s State Financial Managers Face Deep Pay Cuts as Reform BitesAnalysis: Could Global Oil Shock Trigger Imported Stagflation in China?

CX Daily: U.S.-Israel War With Iran Drifts Toward Attrition 

<ul><li>Two Sessions: With 4.5%-5% Growth Target, China Aims to Create Space for Reform</li><li>In Depth: China’s Solar Industry Enters Painful Reset</li><li>China to Issue 300 Billion Yuan Bonds to Boost Big State Banks</li><li>Middle East Conflict May Redirect Gulf Capital Toward Asia</li></ul>

Two Sessions: With 4.5%-5% Growth Target, China Aims to Create Space for ReformIn Depth: China’s Solar Industry Enters Painful ResetChina to Issue 300 Billion Yuan Bonds to Boost Big State BanksMiddle East Conflict May Redirect Gulf Capital Toward Asia

CX Daily: With 4.5%-5% Growth Target, China Aims to Create Space for Reform 

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>We summarize the Feb 2026 price discounts at dealers for major automakers in this report.</li><li>Note that Feb discounts for each automaker are calculated based on the weighted average of Jan 2026 retail sales volume for each model, as Feb 2026 retail sales volume data have not been released yet.</li><li>On the surface, China’s industrywide average discounts remained flat in Feb 2026 vs. Jan 2026 and Dec 2025 based on our calculations, as narrower discounts for German brands offset wider discounts for other brands. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We summarize the Feb 2026 price discounts at dealers for major automakers in this report.Note that Feb discounts for each automaker are calculated based on the weighted average of Jan 2026 retail sales volume for each model, as Feb 2026 retail sales volume data have not been released yet.On the surface, China’s industrywide average discounts remained flat in Feb 2026 vs. Jan 2026 and Dec 2025 based on our calculations, as narrower discounts for German brands offset wider discounts for other brands. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Auto - 1Q26 carmakers’ margins under pressure amid rising discounts

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 analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Oct 2nd based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were HSBC (5 HK), Tencent (700 HK), Bidu (9888 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Bidu (9888 HK), Bilibili (9626 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Oct 2nd based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were HSBC (5 HK), Tencent (700 HK), Bidu (9888 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Bidu (9888 HK), Bilibili (9626 HK).


Hong Kong Buybacks Weekly (Oct 2nd): HSBC, Tencent, Bidu

<ul><li>TOP STORIES Cover Story: China’s Deposit Repricing Tests Banks and Savers as Trillions Come Due For many Chinese savers, the era of easy, high-interest deposits is ending.</li><li>One social media user recently said a family member had bought a five-year certificate of deposit in 2021 at an interest rate of 5.3% — a level the user said now seems almost unimaginable.</li><li>Renewing that deposit today, it’s hard to get even 2%.</li></ul>

TOP STORIES Cover Story: China’s Deposit Repricing Tests Banks and Savers as Trillions Come Due For many Chinese savers, the era of easy, high-interest deposits is ending.One social media user recently said a family member had bought a five-year certificate of deposit in 2021 at an interest rate of 5.3% — a level the user said now seems almost unimaginable.Renewing that deposit today, it’s hard to get even 2%.

CX Daily: China’s Deposit Repricing Tests Banks and Savers as Trillions Come Due 

Hong Kong

Geely Automobile Holdings Limited is a leading Chinese automotive company primarily engaged in the research, development, manufacturing, marketing, and sale of passenger vehicles and related components. It offers a diverse portfolio of products including sedans, SUVs, and electric vehicles under brands such as Geely Auto, Lynk & Co, and Zeekr. The company is headquartered in Hong Kong and was founded in 1973.

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Geely Auto (175 HK)

CX Daily: U.S.-Israel War With Iran Drifts Toward Attrition

Cover Story: U.S.-Israel War With Iran Drifts Toward Attrition China’s State Financial Managers Face Deep Pay Cuts as Reform Bites Analysis: Could...

Caixin Global

CX Daily: With 4.5%-5% Growth Target, China Aims to Create Space for Reform

TOP STORIES Two Sessions: With 4.5%-5% Growth Target, China Aims to Create Space for Reform China has set its target for 2026 GDP growth at 4.5%...

Caixin Global

Auto - 1Q26 carmakers’ margins under pressure amid rising discounts

Note that Feb discounts for each automaker are calculated based on the weighted average of Jan 2026 retail sales volume for each model, as Feb 2026...

CMB International

Hong Kong Buybacks Weekly (Oct 2nd): HSBC, Tencent, Bidu

We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were HSBC (5 HK),...

Ke Yan, CFA, FRM

CX Daily: China’s Deposit Repricing Tests Banks and Savers as Trillions Come Due

TOP STORIES Cover Story: China’s Deposit Repricing Tests Banks and Savers as Trillions Come Due For many Chinese savers, the era of easy,...

Caixin Global

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