Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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News from Caixin

Cross Asset Strategy

<ul><li>$18 Million in Bribes: The Double Life of a Chinese Financial Official A mid-level official at China’s foreign exchange watchdog allegedly amassed 120 million yuan ($18 million) in bribes while living a cinematic double life — even renting a dilapidated home to hide his wealth from his superiors, according to an internal warning film and sources familiar with the matter.</li><li>China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender China will allow more originator drugs to re-enter its national bulk-procurement program after missing the initial bidding round, expanding a mechanism intended to limit cutthroat price competition and preserve access to brand-name medicines in hospitals.</li><li>FINANCE &amp; ECONOMY China Mutual Funds Swing to $287 Billion Profit on AI Stock Binge China’s mutual funds swung back to profitability in the second quarter, raking in 1.94 trillion yuan ($287 billion) in net profit as active managers dumped traditional staples for AI and tech stocks.</li></ul>

$18 Million in Bribes: The Double Life of a Chinese Financial Official A mid-level official at China’s foreign exchange watchdog allegedly amassed 120 million yuan ($18 million) in bribes while living a cinematic double life — even renting a dilapidated home to hide his wealth from his superiors, according to an internal warning film and sources familiar with the matter.China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender China will allow more originator drugs to re-enter its national bulk-procurement program after missing the initial bidding round, expanding a mechanism intended to limit cutthroat price competition and preserve access to brand-name medicines in hospitals.FINANCE &amp; ECONOMY China Mutual Funds Swing to $287 Billion Profit on AI Stock Binge China’s mutual funds swung back to profitability in the second quarter, raking in 1.94 trillion yuan ($287 billion) in net profit as active managers dumped traditional staples for AI and tech stocks.

CX Daily: China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender 

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>The Hong Kong Alpha portfolio beat the Hong Kong indexes in June and was flat to its benchmark with a loss of 6.98%.</li>
<li>The Hong Kong market experienced heavy selling in the second half of June, as both foreign and mainland investors reduced their exposure.</li>
<li>At the end of June, we sold positions in the electric utilities, technology, consumer, and property sectors. We added positions in the broker, biotech, telecom, and industrial sectors.</li>
</ul>


The Hong Kong Alpha portfolio beat the Hong Kong indexes in June and was flat to its benchmark with a loss of 6.98%.
The Hong Kong market experienced heavy selling in the second half of June, as both foreign and mainland investors reduced their exposure.
At the end of June, we sold positions in the electric utilities, technology, consumer, and property sectors. We added positions in the broker, biotech, telecom, and industrial sectors.


Thematic (Sector/Industry)

<ul>
<li>President Trump has indicated that he will lower tariffs on ASEAN countries in exchange for future supply commitments of Rare Earth Elements (REEs) to counter China's industry dominance.</li>
<li>Although the supply commitments of REEs to supplant China's production will take years to fulfill, the tariff relief will provide immediate benefits to Chinese textile manufacturers with Southeast Asian production.</li>
<li>
<a href="https://www.smartkarma.com/entities/shenzhou-intl-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:10415:1" rel="noopener">Shenzhou Intl Group Holdings (2313 HK)</a> , <a href="https://www.smartkarma.com/entities/bosideng-international-holdings-ltd" target="_blank" data-smartkarma-citation="entities:6537:1" rel="noopener">Bosideng International Holdings (3998 HK)</a> ,<a href="https://www.smartkarma.com/entities/yue-yuen-industrial-holdings-limited" target="_blank" data-smartkarma-citation="entities:12281:1" rel="noopener">Yue Yuen Industrial Holdings (551 HK)</a> , and <a href="https://www.smartkarma.com/entities/stella-international" target="_blank" data-smartkarma-citation="entities:7610:1" rel="noopener">Stella International (1836 HK)</a> will benefit from the tariff relief.
</li>
</ul>


President Trump has indicated that he will lower tariffs on ASEAN countries in exchange for future supply commitments of Rare Earth Elements (REEs) to counter China's industry dominance.
Although the supply commitments of REEs to supplant China's production will take years to fulfill, the tariff relief will provide immediate benefits to Chinese textile manufacturers with Southeast Asian production.

Shenzhou Intl Group Holdings (2313 HK) , Bosideng International Holdings (3998 HK) ,Yue Yuen Industrial Holdings (551 HK) , and Stella International (1836 HK) will benefit from the tariff relief.



How Rare Earth Elements Helped China's Textile Companies

<ul><li>Bankruptcy / Cover Story: The rise and fall of China’s ‘fentanyl king’ in corruption-fueled bankruptcy</li><li>Hikvision /: Canada kicks out Chinese surveillance-gear maker</li><li>Nike /: Nike to cut China footwear output to counter $1 billion tariff hit</li></ul>

Bankruptcy / Cover Story: The rise and fall of China’s ‘fentanyl king’ in corruption-fueled bankruptcyHikvision /: Canada kicks out Chinese surveillance-gear makerNike /: Nike to cut China footwear output to counter $1 billion tariff hit

CX Daily: The Rise and Fall of China’s ‘Fentanyl King’ in Corruption-Fueled Bankruptcy 

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

<ul>
<li>
<a href="https://www.smartkarma.com/entities/topsports-international-holdings" target="_blank" data-smartkarma-citation="entities:28153" rel="noopener">Topsports International Holdings (6110 HK)</a> miss suggests inventory fire sale ahead. Negative for demand in China, <a href="https://www.smartkarma.com/entities/nike-inc-cl-b" target="_blank" data-smartkarma-citation="entities:6658:1" rel="noopener">Nike (NKE US)</a>, <a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta Sports Products (2020 HK)</a> and the whole sector</li>
<li>Chinese consumers aren't buying <a href="https://www.smartkarma.com/entities/bayerische-motoren-werke-ag-bmw-72824b26-c157-46b2-bafe-650cb75a091f" target="_blank" data-smartkarma-citation="entities:21591:1" rel="noopener">Bayerische Motoren Werke (BMW) (BMW GR)</a> or going to the Movies</li>
<li>But Americans are still walking in Westerns Boots <a href="https://www.smartkarma.com/entities/boot-barn-holdings-inc" target="_blank" data-smartkarma-citation="entities:11647:1" rel="noopener">Boot Barn Holdings (BOOT US)</a> </li>
</ul>



Topsports International Holdings (6110 HK) miss suggests inventory fire sale ahead. Negative for demand in China, Nike (NKE US), Anta Sports Products (2020 HK) and the whole sector
Chinese consumers aren't buying Bayerische Motoren Werke (BMW) (BMW GR) or going to the Movies
But Americans are still walking in Westerns Boots Boot Barn Holdings (BOOT US) 


Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

United States

NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.

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Nike (NKE US)

CX Daily: China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender

$18 Million in Bribes: The Double Life of a Chinese Financial Official A mid-level official at China’s foreign exchange watchdog...

Caixin Global

HONG KONG ALPHA PORTFOLIO: (June 2026)

At mid-month, we note that pc makers are passing on higher chip and component costs to consumers. For this reason, we sold our positions in Lenovo...

David Mudd

How Rare Earth Elements Helped China's Textile Companies

President Trump will lower tariffs on ASEAN countries in exchange for future supply commitments of Rare Earth Elements (REEs) to counter China's...

David Mudd

CX Daily: The Rise and Fall of China’s ‘Fentanyl King’ in Corruption-Fueled Bankruptcy

Bankruptcy / Cover Story: The rise and fall of China’s ‘fentanyl king’ in corruption-fueled bankruptcy In January, months before a...

Caixin Global

Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...

Neil Campling

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CX Daily: China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender

$18 Million in Bribes: The Double Life of a Chinese Financial Official A mid-level official at China’s foreign exchange watchdog...

Caixin Global

HONG KONG ALPHA PORTFOLIO: (June 2026)

At mid-month, we note that pc makers are passing on higher chip and component costs to consumers. For this reason, we sold our positions in Lenovo...

David Mudd

How Rare Earth Elements Helped China's Textile Companies

President Trump will lower tariffs on ASEAN countries in exchange for future supply commitments of Rare Earth Elements (REEs) to counter China's...

David Mudd

CX Daily: The Rise and Fall of China’s ‘Fentanyl King’ in Corruption-Fueled Bankruptcy

Bankruptcy / Cover Story: The rise and fall of China’s ‘fentanyl king’ in corruption-fueled bankruptcy In January, months before a...

Caixin Global

Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

​Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...

Neil Campling

Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...