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>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 

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 

<ul><li>Cover Story: China’s AI Titans Escalate Battle for Control of Digital Gateways</li><li>China to Allow Interest on Digital Yuan in Major Overhaul</li><li>China Rolls Out Nationwide Cross-Border Cash-Pooling Program</li><li>Hong Kong Fully Allocates $14 Billion Under Offshore Yuan Funding Facility </li></ul>

Cover Story: China’s AI Titans Escalate Battle for Control of Digital GatewaysChina to Allow Interest on Digital Yuan in Major OverhaulChina Rolls Out Nationwide Cross-Border Cash-Pooling ProgramHong Kong Fully Allocates $14 Billion Under Offshore Yuan Funding Facility 

CX Daily: China’s AI Titans Escalate Battle for Control of Digital Gateways 

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>Overseas revenue is 60-100% more profitable, and interestingly, it has reached more than 50% of BYD's total revenue for the first time. </li>
<li>The recent recall is not significant enough to dent the group's overall business. <a href="https://www.smartkarma.com/entities/byd-company-limited-class-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD Company (1211 HK)</a> has one of the highest overseas sales contributions compared to the peers. </li>
<li>The lower valuation, combined with a stronger operation including higher overall margin thanks to the growing overseas business, presents an opportunity to own BYD. </li>
</ul>


Overseas revenue is 60-100% more profitable, and interestingly, it has reached more than 50% of BYD's total revenue for the first time. 
The recent recall is not significant enough to dent the group's overall business. BYD Company (1211 HK) has one of the highest overseas sales contributions compared to the peers. 
The lower valuation, combined with a stronger operation including higher overall margin thanks to the growing overseas business, presents an opportunity to own BYD. 


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: 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

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

CX Daily: China’s AI Titans Escalate Battle for Control of Digital Gateways

Cover Story: China’s AI Titans Escalate Battle for Control of Digital Gateways China to Allow Interest on Digital Yuan in Major Overhaul China...

Caixin Global

BYD (1211): Mid-Term Value Opportunity

The recent recall is manageable, while overseas business keeps on growing with a much higher operating margin as well. The weaker share price...

Henry Soediarko

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