China's state-holding enterprises' profit dropped by 1.3% y/y to 1.5 trillion yuan Joint-equity's profit down by 1.3% to 3.4 trillion yuan Foreign ventures+HK+MO+TW rise 6.9% to 1.2 trillion yuan Private enterprises +2.6% to 1.2 trillion yuan From January to Aug, the profit in China's mining sector fell by 9.2% y/y(narrowed) to 0.81 trillion yuan. The manufacturing sector rose by 1.1%(narrowed) y/y 3.3 tln yuan. The electricity, heating, gas, and water supply sector +14.7%(na...
MCH Futures(OCT4) Forum
Private survey shows China's manufacturing activity slipped into contraction in Sept, services activity expanded slower pace.
Caixin manufacturing PMI at 49.3, lowest since Aug 2023, vs prev 50.4.
Caixin services PMI at 50.3, lowest since Oct 2023, vs prev 51.6
$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
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TO REDUCE RRR, ENFORCE SIGNIFICANT INTEREST RATE CUTS
COMMITTED TO ESSENTIAL FISCAL EXPENDITURE
COMMITTED TO MEETING ANNUAL ECONOMIC AND SOCIAL DEVELOPMENT GOALS
PLANS TO BOOST INCOME FOR LOW AND MIDDLE-INCOME GROUPS AND ENHANCE CONSUMPTION STRUCTURE
$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$
Joint-equity's profit down by 1.3% to 3.4 trillion yuan
Foreign ventures+HK+MO+TW rise 6.9% to 1.2 trillion yuan
Private enterprises +2.6% to 1.2 trillion yuan
From January to Aug, the profit in China's mining sector fell by 9.2% y/y(narrowed) to 0.81 trillion yuan.
The manufacturing sector rose by 1.1%(narrowed) y/y 3.3 tln yuan.
The electricity, heating, gas, and water supply sector +14.7%(na...
HS TECH INDEX OPENED UP 147.93 POINTS, OR 3.78%, AT 4,063.51.
$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$
For autos, $XPENG-W (09868.HK)$ jumped up 2.3% after it launched mass market brand, with a selling price starting from nearly US$17,000. Its peer $LI AUTO-W (02015.HK)$ receded 7.6% to $77.6 as it will release results today. $BYD COMPANY (01211.HK)$ ebbed 0.3...
US EV maker $Tesla (TSLA.US)$ escalated 3%, while EVs $LI AUTO-W (02015.HK)$ and $NIO-SW (09866.HK)$ jumped 3% and 2.9%. $XPENG-W (09868.HK)$ ascended 1.8%, while $BYD COMPANY (01211.HK)$ climbed 0...
Tensions in the Middle East triggered gold and oil prices to rise, $PETROCHINA (00857.HK)$ and $CNOOC (00883.HK)$ opened elevating 1.2% and 2.1%, while $ZIJIN MINING (02899.HK)$ opened inclining 1.7%.
As for tech stocks, $TENCENT (00700.HK)$ o...
Among the major techs, $BABA-W (09988.HK)$ opened flat at $77.85. $TENCENT (00700.HK)$ inched up 0.5% at $372. $MEITUAN-W (03690.HK)$ dipped 0.3%. $XIAOMI-W (01810.HK)$ entered the top three in Japan in terms of mobile phone shipments, but its st...
The 2Q24 net profit of chip stocks $SMIC (00981.HK)$ / $HUA HONG SEMI (01347.HK)$ fell 59%/ 91%+ YoY, and their share prices mounted 7.3%/ 2.7%. HUA HONG SEMI decreas...
$NEW ORIENTAL-S (09901.HK)$ increased buyback to USD700 million and p...
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