$BIDU-SW (09888.HK)$reported revenue of 33.9 billion yuan for the second quarter of 2024, slightly below the 34.1 billion yuan from the same period last year and falling short of the market expectation of 34.11 billion yuan. $NTES-S (09999.HK)$reported revenue of 25.5 billion yuan for the second quarter, falling short of the estimated 26.12 billion yuan. $COUNTRY GARDEN (02007.HK)$$CG SERVICES (06098.HK)$reported its first-half net profit at 1.44 billion yuan, decreased by 38.7% y/y. 1...
Galaxy Securities believes that export concerns are emerging, and growth-stabilizing policies need to be strengthened. With consumer spending remaining sluggish in the first half of the year and real estate investment continuing to bottom out, foreign trade's contribution to the economy has become increasingly prominent. If export growth slows down in the future, policies will need to be further strengthened to meet the annual economic growth target, and new policies and tools may be directed t...
Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures. Should reserve and launch a number of incremental policy measures ASAP. Domestic effective demand remains insufficient. Saw many risks and hidden dangers in key areas. It is necessary to strengthen counter-cyclical adjustments, a...
Promote better functioning of urban real estate financing coordination mechanisms and guide financial institutions to actively cooperate in resolving local government debt risks. The meeting emphasized focusing on preventing and controlling financial risks in key areas, prioritizing stability, and effectively managing risks in small and medium-sized financial institutions. It also stressed guiding financial institutions to improve their positioning and governance...
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...
COG JAN5 Forum
Not indicative of China’s overall property market IMHO. Country Garden’s reputation is shot and few believe they can meet their obligations to buyers.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $AGILE GROUP (03383.HK)$ $AGILE GROUP HOLDIN (AGPYY.US)$ $EVERGRANDE (03333.HK)$ $Hang Seng H-Share Index ETF (02828.HK)$
$Hang Seng Index (800000.HK)$ $COUNTRY GARDEN (02007.HK)$ $LONGFOR GROUP HLDG (LGFRY.US)$ $EVERGRANDE (03333.HK)$ $iShares MSCI China ETF (MCHI.US)$
$KWG GROUP (01813.HK)$ $SUNAC (01918.HK)$ $POWERLONG (01238.HK)$ $TIMES CHINA (01233.HK)$ $CHINA VANKE (02202.HK)$ $LONGFOR GROUP (00960.HK)$ $COUNTRY GARDEN (02007.HK)$ $EVERGRANDE (03333.HK)$
2️⃣Aug. industrial production 4.5% y/y [Est.4.7%]
3️⃣Jan-Aug fixed asset investment 3.4% y/y [Est.3.5%]
Aug. Unemployment 5.3% [Prev. 5.2%]
*Missed expectations
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $EVERGRANDE (03333.HK)$ $EVERG SERVICES (06666.HK)$ $BABA-W (09988.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $JD-SW (09618.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
$NTES-S (09999.HK)$ reported revenue of 25.5 billion yuan for the second quarter, falling short of the estimated 26.12 billion yuan.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ reported its first-half net profit at 1.44 billion yuan, decreased by 38.7% y/y.
1...
With consumer spending remaining sluggish in the first half of the year and real estate investment continuing to bottom out, foreign trade's contribution to the economy has become increasingly prominent. If export growth slows down in the future, policies will need to be further strengthened to meet the annual economic growth target, and new policies and tools may be directed t...
The meeting emphasized focusing on preventing and controlling financial risks in key areas, prioritizing stability, and effectively managing risks in small and medium-sized financial institutions.
It also stressed guiding financial institutions to improve their positioning and governance...
The key points of the core d...
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