Top 10 news about China last week 1/10

About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to expand their holdings after a series of other measures to prop up the stock market fell short. $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $iShares MSCI China ETF (MCHI.US)$ $Hang Seng TECH Index (800700.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$

China's benchmark Shanghai Composite Index fell below the 3,000 threshold on Friday, hitting a new year-to-date low, as foreign investors’ outflow from the A-share market has entered an unprecedented stage. $SSE Composite Index (800146.HK)$

4/10
Morgan Stanley, Goldman Sachs, BNP, UBS, Merrill Lynch, and Societe Generale have increased their positions in A-shares through QFII or RQFII in the last 30 days, Wind data showed. $Morgan Stanley (MS.US)$ $Goldman Sachs (GS.US)$ $BNP PARIBAS SPON (BNPQY.US)$ $UBS Group (UBS.US)$

5/10
Sales of Apple’s flagship device are down 4.5% compared with the iPhone 14 over their first 17 days after release in China. While Huawei has sold 1.6 million of its Mate 60 Pro flagship phones in the first six weeks, according to Counterpoint Research. $Apple (AAPL.US)$ $Huawei Hongmong (LIST0795.SH)$