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>Debt / In Depth: China’s multitrillion-dollar salve for local government hidden debt</li><li>Argentina /: Argentinian President’s ‘chainsaw’ economic reforms catch Elon Musk’s eye</li><li>Jobless /: Hong Kong to require unpaid work for jobless welfare recipients</li></ul>

Debt / In Depth: China’s multitrillion-dollar salve for local government hidden debtArgentina /: Argentinian President’s ‘chainsaw’ economic reforms catch Elon Musk’s eyeJobless /: Hong Kong to require unpaid work for jobless welfare recipients

CX Daily: China’s Multitrillion-Dollar Salve for Local Government Hidden Debt 

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In Depth: As mass Covid testing becomes China’s new normal, debate grows over who pays.
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Climate issues shouldn’t bear political labels, U.S. envoy says.
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China’s premier puts greater emphasis on growth.
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In Depth: As mass Covid testing becomes China’s new normal, debate grows over who pays.


Climate issues shouldn’t bear political labels, U.S. envoy says.


China’s premier puts greater emphasis on growth.



CX Daily: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays

<ul><li>In Depth: China’s plan to overhaul its $3.7 trillion mutual fund industry</li><li>Exclusive: Davos photo used by U.S. Congressman to criticize China didn’t show anyone Chinese</li><li>China pours on billions of dollars more in tax relief</li></ul>

In Depth: China’s plan to overhaul its $3.7 trillion mutual fund industryExclusive: Davos photo used by U.S. Congressman to criticize China didn’t show anyone ChineseChina pours on billions of dollars more in tax relief

CX Daily: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry

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.

Equity Bottom-Up

<ul><li>Zhihu delivered inline 3Q23 results with strong membership &amp; vocational training and narrowing loss.</li><li>Looking into 4Q23E, we expect topline -6% YoY, with adj. net loss at RMB200mn.</li><li>Vocational training and online marketing would see sequential growth on seasonality and 11.11 promotion, while paid membership might slow down for a high base (forecasting +11% YoY). </li></ul>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.

Zhihu delivered inline 3Q23 results with strong membership &amp; vocational training and narrowing loss.Looking into 4Q23E, we expect topline -6% YoY, with adj. net loss at RMB200mn.Vocational training and online marketing would see sequential growth on seasonality and 11.11 promotion, while paid membership might slow down for a high base (forecasting +11% YoY). 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.

Zhihu (ZH US) – Resilient Education to Offset Subs Slowdown

<ul><li>Zhihu delivered 2Q23 results with in-line rev and upbeat margin.</li><li>We forecast 3Q23E rev +12% YoY (in line with consensus), with resilient membership and strong vocational training.</li><li>Membership would see sequential growth in 3Q23E (+42% YoY), backed by richer content and cooperation with Huawei. </li></ul>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.

Zhihu delivered 2Q23 results with in-line rev and upbeat margin.We forecast 3Q23E rev +12% YoY (in line with consensus), with resilient membership and strong vocational training.Membership would see sequential growth in 3Q23E (+42% YoY), backed by richer content and cooperation with Huawei. 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.

Zhihu (ZH US) – Strong vocational training with loss narrowing

China

Zhihu Inc. operates as an online share knowledge community. The Company provides a socialized website for questions and answers which enables users to obtain information through questions that provoke the opinions and views from answerers as individuals. Zhihu conducts businesses in China.

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Zhihu Technology (ZH US)

CX Daily: China’s Multitrillion-Dollar Salve for Local Government Hidden Debt

Debt / In Depth: China’s multitrillion-dollar salve for local government hidden debt At a press conference on Nov. 8, China unveiled a 10...

Caixin Global

CX Daily: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays

In Depth: As mass Covid testing becomes China’s new normal, debate grows over who pays. Climate issues shouldn’t bear political labels, U.S. envoy...

Caixin Global

CX Daily: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry

In Depth: China’s plan to overhaul its $3.7 trillion mutual fund industry. Exclusive: Davos photo used by U.S. Congressman to criticize China...

Caixin Global

Zhihu (ZH US) – Resilient Education to Offset Subs Slowdown

Zhihu delivered inline 3Q23 results with strong membership & vocational training and narrowing loss. Looking into 4Q23E, we expect topline -6% YoY,...

CMB International

Zhihu (ZH US) – Strong vocational training with loss narrowing

Zhihu delivered 2Q23 results with in-line rev and upbeat margin. We forecast 3Q23E rev +12% YoY (in line with consensus), with resilient membership...

CMB International

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