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><p>Cover Story: ByteDance faces tough sell abroad in bid to commercialize TikTok</p></li><li><p>Xi briefs Central Committee on Party Congress work report</p></li><li><p>Analysis: How a Chinese mRNA Covid vaccine was approved in Indonesia</p></li></ul>

Cover Story: ByteDance faces tough sell abroad in bid to commercialize TikTokXi briefs Central Committee on Party Congress work reportAnalysis: How a Chinese mRNA Covid vaccine was approved in Indonesia

CX Daily: ByteDance Faces Tough Sell Abroad in Bid to Commercialize TikTok

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)

<div><div><div><div><ul><li>Golden week data missed market’s already low expectation for all three major categories - property sales, domestic tourism spending and auto sales.</li><li>4Q is unlikely to be a big surprise as property and its supply chain (20-30% of GDP) will still be the major drag that could neutralize the still resilient auto and gradually recovering consumption.</li><li>Together with more market volatility from pandemic and CPC meeting, we recommend investors to avoid one-sided long or short, but focus on pair trade opportunities to play the difference of BtoC over BtoB as BtoB is more vulnerable in terms of bad debts and pricing power than BtoC amid weak macro.</li></ul></div></div></div></div><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>

Golden week data missed market’s already low expectation for all three major categories - property sales, domestic tourism spending and auto sales.4Q is unlikely to be a big surprise as property and its supply chain (20-30% of GDP) will still be the major drag that could neutralize the still resilient auto and gradually recovering consumption.Together with more market volatility from pandemic and CPC meeting, we recommend investors to avoid one-sided long or short, but focus on pair trade opportunities to play the difference of BtoC over BtoB as BtoB is more vulnerable in terms of bad debts and pricing power than BtoC amid weak macro.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.

Cross sector report – Post-Golden Week: More positive on BToC recovery potential; Cautious on BToB

Equity Bottom-Up

<ul>
<li>China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up sluggish economic growth.</li>
<li>In September, Hong Kong- and Shenzhen-listed BYD sold 201,259 NEVs, a category that includes electric and hybrid vehicles.</li>
<li>The figure was up 183% year-on-year and marked the seventh consecutive month of growth.</li>
</ul>


China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up sluggish economic growth.
In September, Hong Kong- and Shenzhen-listed BYD sold 201,259 NEVs, a category that includes electric and hybrid vehicles.
The figure was up 183% year-on-year and marked the seventh consecutive month of growth.


BYD Sales Hit Record High as China Steers Stimulus to Auto Market

<ul>
<li>China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy vehicles (NEVs) until the end of 2023</li>
<li>The government has been signaling the third extension of the purchase-tax exemption since July.</li>
<li>In August, Premier Li Keqiang told a State Council executive meeting that the tax exemptions will amount to 100 billion yuan ($14 billion)</li>
</ul>


China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy vehicles (NEVs) until the end of 2023
The government has been signaling the third extension of the purchase-tax exemption since July.
In August, Premier Li Keqiang told a State Council executive meeting that the tax exemptions will amount to 100 billion yuan ($14 billion)


China Extends NEV Purchase Tax Exemption Another Year

<ul><li><p>In Depth: How China’s insurance industry is slowly opening to the ill</p></li><li><p>Officials probed after fatal crash of bus traveling to Covid quarantine facility</p></li><li><p>Hong Kong may scrap hotel quarantines and pre-arrival tests</p></li></ul>

In Depth: How China’s insurance industry is slowly opening to the illOfficials probed after fatal crash of bus traveling to Covid quarantine facilityHong Kong may scrap hotel quarantines and pre-arrival tests

CX Daily: How China’s Insurance Industry Is Slowly Opening to the Ill

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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

Tesla (TSLA US)

CX Daily: ByteDance Faces Tough Sell Abroad in Bid to Commercialize TikTok

Cover Story: ByteDance faces tough sell abroad in bid to commercialize TikTok. Xi briefs Central Committee on Party Congress work report

Caixin Global

Cross sector report – Post-Golden Week: More positive on BToC recovery potential; Cautious on BToB

Golden week data missed market’s already low expectation for all three major categories - property sales, domestic tourism spending and auto sales.

CMB International

BYD Sales Hit Record High as China Steers Stimulus to Auto Market

China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up...

Caixin Global

China Extends NEV Purchase Tax Exemption Another Year

China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy...

Caixin Global

CX Daily: How China’s Insurance Industry Is Slowly Opening to the Ill

In Depth: How China’s insurance industry is slowly opening to the ill. Officials probed after fatal crash of bus traveling to Covid quarantine...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)