SeabeeMechanic
reacted to
Tesla China's Vice President of External Affairs, Tao Lin, stated that Tesla completed all data compliance approvals in China in April. The inclusion of foreign companies in government procurement projects in China has given Tesla great confidence in its development.
$Tesla(TSLA.US$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$ $NIO-SW(09866.HK$ $NIO Inc. USD OV(NIO.SG$ $NIO Inc(NIO.US$
$Tesla(TSLA.US$ $BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$ $XPENG-W(09868.HK$ $NIO-SW(09866.HK$ $NIO Inc. USD OV(NIO.SG$ $NIO Inc(NIO.US$
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SeabeeMechanic
reacted to
This may be the last time Berkshire discloses sales of shares in BYD, as disclosures can be stopped once ownership falls below 5%, according to HK requirements.
$BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$
$BYD Company Limited(002594.SZ$ $BYD COMPANY(01211.HK$
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SeabeeMechanic
reacted to
In 1994, China adjusted the tax distribution system and tax structure between the central and local governments. In 2013, China began allowing local governments to issue local bonds. And this year, more fiscal revenue will be transferred from the central to local governments. For example, the collection of the consumption tax will be moved downstream and stably allocated to local governments.
The key points of the core d...
The key points of the core d...
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SeabeeMechanic
reacted to
After the Third Plenary Session, the market expects that "national team" funds will pause their interventions, and some risk-averse funds have withdrawn. This has led to a decline in state-owned enterprises, dragging down overall market performance.
Additionally, Biden's decision has increased the likelihood of a Trump victory, further heightening concerns in the Chinese stock market.
$SSE Composite Index(800146.HK$ $CSI 300 Index(800122.HK$ $CSI 300 Index(000300.SH$
Additionally, Biden's decision has increased the likelihood of a Trump victory, further heightening concerns in the Chinese stock market.
$SSE Composite Index(800146.HK$ $CSI 300 Index(800122.HK$ $CSI 300 Index(000300.SH$
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SeabeeMechanic
reacted to
$NVIDIA(NVDA.US$ is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls.
Nvidia will work with Inspur, its Chinese distributor partners, to launch the "B20" chip.-Reuters
$SMIC(00981.HK$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $Taiwan Semiconductor(TSM.US$
Nvidia will work with Inspur, its Chinese distributor partners, to launch the "B20" chip.-Reuters
$SMIC(00981.HK$ $SENSETIME-W(00020.HK$ $BABA-SW(09988.HK$ $Taiwan Semiconductor(TSM.US$
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SeabeeMechanic
reacted to
$Hang Seng Index(800000.HK$ opened 47 pts or 0.3% higher at 17,465. $Hang Seng China Enterprises Index(800100.HK$ opened 15 pts or 0.3% higher at 6,181. $Hang Seng TECH Index(800700.HK$ opened 13 pts or 0.4% higher at 3,550.
As for EVs, $BYD COMPANY(01211.HK$ gained 0.6% at $244.4. $LI AUTO-W(02015.HK$ and $NIO-SW(09866.HK$ fell 0.3% and 0.8%. $XPENG-W(09868.HK$ surged 2.9%.
As for EVs, $BYD COMPANY(01211.HK$ gained 0.6% at $244.4. $LI AUTO-W(02015.HK$ and $NIO-SW(09866.HK$ fell 0.3% and 0.8%. $XPENG-W(09868.HK$ surged 2.9%.
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SeabeeMechanic
reacted to
As for techs, $BABA-SW(09988.HK$ opened flat at $73.8. $TENCENT(00700.HK$ lifted 0.9% at $367.2. $MEITUAN-W(03690.HK$ hiked 1.2%. $KUAISHOU-W(01024.HK$ and $BILIBILI-W(09626.HK$ sank 1.4% and 2.6%. $XIAOMI-W(01810.HK$ and $JD-SW(09618.HK$ lifted 0.2% and 0.1%. $SUNNY OPTICAL(02382.HK$ forecasted a profit of over RMB1 billion in 1H24, with a growth of 1.4-1.6x, and its share price opened 2% higher at $49.5.
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SeabeeMechanic
reacted to
PBOC's move aims to increase tradable bonds' scale and ease the bond market's supply and demand pressure, as the recent poor performance of risk assets in China has led to a scarcity of mid- to long-term assets, especially government bonds.
$BANK OF CHINA(03988.HK$ $HKEX(00388.HK$ $XIAOMI-W(01810.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$
$BANK OF CHINA(03988.HK$ $HKEX(00388.HK$ $XIAOMI-W(01810.HK$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$
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SeabeeMechanic
reacted to
The IMF has raised its forecast for China's economic growth this year to 5%. The IMF also expressed concerns that countries like the US, which are at full employment, are maintaining loose fiscal stances, leading to a rising debt-to-GDP ratio, posing potential risks to both their own and the global economy.
$Hang Seng TECH Index(800700.HK$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$
$Hang Seng TECH Index(800700.HK$ $Hang Seng Index(800000.HK$ $KraneShares CSI China Internet ETF(KWEB.US$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$
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SeabeeMechanic
reacted to
The spillover is reducing US and Euro area core inflation by about 0.1pp as it lowers core goods inflation by around 0.5pp, on MS estimates.
While the overall effects are modest, China should give the Fed and the ECB more room to cut this year.
Falling goods prices have micro implications, most significantly for the US apparel sector.
With China's deflationary impulse, MS estimates that the apparel component of US CPI declines by 0.3pp...
While the overall effects are modest, China should give the Fed and the ECB more room to cut this year.
Falling goods prices have micro implications, most significantly for the US apparel sector.
With China's deflationary impulse, MS estimates that the apparel component of US CPI declines by 0.3pp...
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