Equity Research in HK and Mainland China

Li Tang

Highly experienced sell-side analyst with more than ten years of experience in the field of China’s in-depth policy-driven macro research in China (Beijing) .
Covering in equity research in HK and Mainland market mainly real estate, construction,steel sector.
The Ideas generation based on an analysis of China’s future direction and policy decisions fundamental analysis on sector impact, market drivers, timing and scale, combined with quantitative analysis.

China Loan Prime Rate Unchanged as Regulators Turn the Attention to Supporting Supply Chains

China Re-Introduce Counter-Cyclical Factor in Setting Rmb Reference Rates

PBOC Draft Online Payment Rules Provide Clarity on Regulatory Direction

Regulators Holds National Symposium To Strengthen Anti-Monopoly Rules

Macroeconomics

<ul>
<li>December official manufacturing PMI came in at 50.3, beating expectations of 50.0 and 20bps faster than the previous month. </li>
<li>China’s factory activity had returned to expansion but recovery remains sluggish</li>
<li>We expect industrial demand to improve over Q1 this year</li>
</ul>


December official manufacturing PMI came in at 50.3, beating expectations of 50.0 and 20bps faster than the previous month. 
China’s factory activity had returned to expansion but recovery remains sluggish
We expect industrial demand to improve over Q1 this year


Industrial Demand Recovery Remains Sluggish in December