KraneShares CSI China Internet ETF Stock Discussion

China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from China's SAFE released Friday. It was down about $5 billion for the first six months.
Should the decline continue for the rest of the year, it would be the first annual net outflow since at least 1990, when comparable data b...

If one believes in a slowdown — domestic demand is weak and the central bank is cutting rates — the policy action “is just managing the pace of long-term yield decline rather than reversing” it
GS forecast is based on the view that the Fed’s Sept. rate reduction will open the door for China's action
Sees risk of deflationary, stagflationary mindset becoming entrenched.
Sees some improvement...

Huajin Securities noted that the PBOC's Q2 monetary policy implementation report indicates that a new monetary policy framework is emerging. In the context of high risks of a rebound in the U.S. dollar index and a cooling demand for debt financing due to China’s economic transition, stabilizing interest rates is key to stabilizing exchange rates, and deleveraging is essential to prevent the e...

Soochow Securities believes that if the Japanese stock market declines and China’s nominal GDP increases quarter-on-quarter, overseas funds may flow into Chinese assets temporarily. In terms of sector selection, the preference will likely remain with "old favorites" since 2020: 1) Globally competitive sectors such as new energy and automotive; 2) Irreplaceable general consumption sectors like liquor within the food and beverage indu...

PPI y/y and m/m remained steady.
PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%.
Month-on-Month Analysis:
Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%.
Coal prices remained stable, with th...

The services sector extended the period of expansion that commenced in January 2023, albeit at a pace that remained below the year-to-date average.
Incoming new business increased at a solid pace in July, supported by sustained improvements in underlying demand conditions and an expansion of service offerings.
Export business also expanded, attributed to rising interest from overseas clients and growth of tourism activity, the rate of export business expan...