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

Thematic (Sector/Industry)

<ul><li>Several Chinese banks have handed out loans to support selected tech firms’ merger-and-acquisition (M&amp;A) deals under a newly launched pilot program to improve access to credit for innovative businesses.</li><li>China Construction Bank, one of the country’s biggest state-owned lenders, has issued 190 million yuan ($26.3 million) in an M&amp;A loan to a publicly listed tech firm in Suzhou, Jiangsu province, people familiar with the deal told Caixin.</li><li>The loan, covering 80% of the acquisition cost with an eight-year term, is the first loan of this type disbursed by a large state bank after the easing M&amp;A loan policies by financial regulators to help tech enterprises.</li></ul>

Several Chinese banks have handed out loans to support selected tech firms’ merger-and-acquisition (M&amp;A) deals under a newly launched pilot program to improve access to credit for innovative businesses.China Construction Bank, one of the country’s biggest state-owned lenders, has issued 190 million yuan ($26.3 million) in an M&amp;A loan to a publicly listed tech firm in Suzhou, Jiangsu province, people familiar with the deal told Caixin.The loan, covering 80% of the acquisition cost with an eight-year term, is the first loan of this type disbursed by a large state bank after the easing M&amp;A loan policies by financial regulators to help tech enterprises.

Chinese Banks Relax Loan Terms to Fuel Tech Sector M&A Deals 

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A stealth bull market is underway in Chinese bank shares </li>
<li>Banks are well positioned to benefit as the economy grows and interest rates rise</li>
<li>Value remains in the sector despite the  move up in share prices</li>
</ul>


A stealth bull market is underway in Chinese bank shares 
Banks are well positioned to benefit as the economy grows and interest rates rise
Value remains in the sector despite the  move up in share prices


Who Is Crazy Enough to Buy a Chinese Bank?

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.

<ul>
<li>There was a release from the State Council in China in late September about increasing Tier 1 capital of 6 of China's banks through a government capital injection</li>
<li>This week there was a Bloomberg story on this, but only them, talking about something similar and indicating at least RMB400bn of new capital for <a href="https://www.smartkarma.com/entities/agricultural-bank-of-china-limited" target="_blank" data-smartkarma-citation="entities:1120:1" rel="noopener"></a>ABC and BoCom.</li>
<li>Interpolating from the numbers, there can be a 10% increase in total equity which may also be equivalent or nearly equivalent or slightly higher than total stated NPLs </li>
</ul>


There was a release from the State Council in China in late September about increasing Tier 1 capital of 6 of China's banks through a government capital injection
This week there was a Bloomberg story on this, but only them, talking about something similar and indicating at least RMB400bn of new capital for ABC and BoCom.
Interpolating from the numbers, there can be a 10% increase in total equity which may also be equivalent or nearly equivalent or slightly higher than total stated NPLs 


China Banks - If Largest 5 Banks Are Recapitalized with RMB1,415bn It Can Be Highly Positive

Cross Asset Strategy

<ul><li>Autos /: Chinese carmakers expand into growing Central Asian markets</li><li>Corruption /: Former ICBC banker gets suspended death sentence for graft</li><li>Meituan /: Meituan to provide social security benefits for delivery riders</li></ul>

Autos /: Chinese carmakers expand into growing Central Asian marketsCorruption /: Former ICBC banker gets suspended death sentence for graftMeituan /: Meituan to provide social security benefits for delivery riders

CX Daily: Chinese Carmakers Expand Into Growing Central Asian Markets 

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

OmniVision Integrated Circuits Group / Technical Analysis

OmniVision Integrated Circuits Group (603501 CH)

<ul>
<li>Our outlook remains bullish on MSCI ACWI. Discussed in Jan9,2025 report how we viewed the pullback as a buying opportunity and were watching for $116-$117 support to hold on ACWI-US. </li>
<li>$116 support held perfectly, and now both ACWI-US and the S&amp;P 500 are coiling just below all-time highs, likely setting up for major breakouts. ACWI is now breaking out.</li>
<li>DXY and 10-Year Treasury yield are both topping, a crucial risk-on signal for global equities. More and more countries breaking out. Actionable Themes: Technology, Services, Communications, Industrials, Gold Miners, Financials</li>
</ul>


Our outlook remains bullish on MSCI ACWI. Discussed in Jan9,2025 report how we viewed the pullback as a buying opportunity and were watching for $116-$117 support to hold on ACWI-US. 
$116 support held perfectly, and now both ACWI-US and the S&amp;P 500 are coiling just below all-time highs, likely setting up for major breakouts. ACWI is now breaking out.
DXY and 10-Year Treasury yield are both topping, a crucial risk-on signal for global equities. More and more countries breaking out. Actionable Themes: Technology, Services, Communications, Industrials, Gold Miners, Financials


More Countries Breaking Out; Bullish Outlook Intact; Buys in China, Europe, More; DXY & Yields Top

China

Industrial and Commercial Bank of China Ltd provides a broad range of personal and corporate commercial banking services all over China.  The Bank's businesses include deposit, loan, credit card, fund underwriting and trust, and foreign currency settlement and trading.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ind & Comm Bk Of China (A) (601398 CH)

Chinese Banks Relax Loan Terms to Fuel Tech Sector M&A Deals

Several Chinese banks have handed out loans to support selected tech firms’ merger-and-acquisition (M&A) deals under a newly launched pilot...

Caixin Global

Who Is Crazy Enough to Buy a Chinese Bank?

Chinese bank shares are experiencing a stealth bull market. Value and drivers still remain in the sector despite the negativity on the economy

Rikki Malik

China Banks - If Largest 5 Banks Are Recapitalized with RMB1,415bn It Can Be Highly Positive

BBG article about China recapitalizing its largest 5 banks, may be real news, coming after an official release in September. Recapping banks can be...

Daniel Tabbush

CX Daily: Chinese Carmakers Expand Into Growing Central Asian Markets

TOP STORY Autos / Chinese carmakers expand into growing Central Asian markets Chinese automakers are pushing deeper into Central Asian markets...

Caixin Global

More Countries Breaking Out; Bullish Outlook Intact; Buys in China, Europe, More; DXY & Yields Top

More Countries Breaking Out; Bullish Outlook Intact $ACWI $EAFE $EEM. More buys in China; Germany continues to lead Europe higher. Will...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Chinese Banks Relax Loan Terms to Fuel Tech Sector M&A Deals

Several Chinese banks have handed out loans to support selected tech firms’ merger-and-acquisition (M&A) deals under a newly launched pilot...

Caixin Global

Who Is Crazy Enough to Buy a Chinese Bank?

​Chinese bank shares are experiencing a stealth bull market. Value and drivers still remain in the sector despite the negativity on the economy

Rikki Malik

China Banks - If Largest 5 Banks Are Recapitalized with RMB1,415bn It Can Be Highly Positive

BBG article about China recapitalizing its largest 5 banks, may be real news, coming after an official release in September. Recapping banks can be...

Daniel Tabbush

CX Daily: Chinese Carmakers Expand Into Growing Central Asian Markets

TOP STORY Autos / Chinese carmakers expand into growing Central Asian markets Chinese automakers are pushing deeper into Central Asian markets...

Caixin Global

More Countries Breaking Out; Bullish Outlook Intact; Buys in China, Europe, More; DXY & Yields Top

More Countries Breaking Out; Bullish Outlook Intact $ACWI $EAFE $EEM. More buys in China; Germany continues to lead Europe higher. Will...

Vermilion Research

Chinese bank shares are experiencing a stealth bull market. Value and drivers still remain in the sector despite the negativity on the economy