China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Blue Lotus Non-US Internet Weekly Wrap (2/2025): Tencent's Inclusion and Exclusion from US Sanctions

[Blue Lotus Non-US Internet Weekly, 3/52]: RedNote's Popularity Can Lift Other Boats Outside China

[Blue Lotus Non-US Internet Weekly, 4/52]: Deepseek's Asked the Right Question on GAI Capex

China Growth Equity Weekly Wrap (52/2024): Positive Macro, BEV Revival & Good Time to Invest in SaaS

Xiaomi's Smartphone Share Gain in Japan Is a Harbinger of Good Things to Come

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

Thematic (Sector/Industry)

China Distributors / Thematic (Sector/Industry)

<ul>
<li>In the first ten days of 2025, Shanghai SSE Composite declined 5.5% and broke the key 3,200 support level. The main reason for the weakness is exchange rate;</li>
<li>From November 5th when Trump won election, Renminbi exchange rate to US dollar has declined 3.3% and broke key support levels;</li>
<li>The impact has started to shown in China's residential property market. After a strong opening, new home sales quickly petered out. Whether rebound in the next few days is critical.</li>
</ul>


In the first ten days of 2025, Shanghai SSE Composite declined 5.5% and broke the key 3,200 support level. The main reason for the weakness is exchange rate;
From November 5th when Trump won election, Renminbi exchange rate to US dollar has declined 3.3% and broke key support levels;
The impact has started to shown in China's residential property market. After a strong opening, new home sales quickly petered out. Whether rebound in the next few days is critical.


What Has Happened in the First Ten Days of 2025?

China Consumer Discretionary

What Has Happened in the First Ten Days of 2025?