February 2023 - Page 2 of 3

Global new ship orders down 63% on year in Jan, China took 57% of total – research

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Shares of Chinese oil companies trade higher on expectation of higher oil demand amid supply drops, China recovery

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Baidu shares hit one-year high on ChatGPT-style bot plan

Chinese search engine giant Baidu surged 15.3% to close at HK$166.3 in Hong Kong on Tuesday, marking the highest level since February

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Sino-US relation not weakened by US shooting Chinese ballon – US President Biden

US President Joe Biden said that the relations between Washington and Beijing were not weakened by the incident of US military shooting

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China aims to boost the influence of Chinese brands, improve quality and efficiency – State Council

China aims to achieve a shift toward “Created in China” from “Made in China”, toward “Chinese quality” from “Chinese speed”, and toward “Chinese brands” from Chinese products”, according to a plan released by the State Council.

Poly Property selling stake in 12 joint venture projects with Country Garden for 2.3 bn yuan

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China Overseas’ contracted property sales fell 10.8% on year in Jan

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Chinese public funds’ holdings in Hong Kong stocks rose by 33% in Q4 2022 – research

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Sino-US tension may dampen investor sentiment in short term, China valuation remains attractive – Morgan Stanley

The escalating tensions between China and the US may dampen investor sentiment and induce short-term market volatility, Morgan Stanley said in a note.

China’s property transactions tumbled in Jan due to Spring Festival holiday – research

China’s property transactions declined significantly in January on both yearly and monthly basis, due to the impact of the Spring Festival holiday, China Index Academy (CIA) said in a report.

Chinese property developers’ 2022 earnings to hit five-year low – research

Chinese property developers’ 2022 earnings are expected to hit five-year low, with sector’s core earnings sinking 57% from the previous year, according to estimates by Citi Research.

China to launch nationwide pilot program to electrify public transportation in 2023 – 2025

China will launch a nationwide pilot program of electrification of public vehicles in the period from 2023 – 2025, according to a notice issued by the Ministry of Industry and Information Technology and other seven departments.

China’s outbound group tours resume on Monday; inquiry volume rose 358%

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HKEX, Saudi Tadawul signed MOU for cooperation in fintech, ESG, cross listings

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China’s domestic passenger flight volume recovered to 90% of 2019-level, international fights at 10% of pre-pandemic volume

China’s domestic passenger flight volume has recovered to more than 90% of 2019-level, while daily international/regional flight volume on Feb 3 rose above 400 for first time in three years.

China, Australia trade officials had talks for first time since 2019, aiming to bring bilateral ties back on track

China and Australia’s top trade officials on Monday held talks for the first time since 2019, in the latest sign of a

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China Duty Free slid on slumping in 2022 earnings, Goldman Sachs sees profit-taking pressure in short term

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Chinese internet industry’s revenue declined in 2022 for the first time in a decade

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Citigroup cut target price of Apple supplier Sunny Optical to HK$140, rating unchanged at Buy

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China’s live hog prices trigger alert for excessive falls, state planner vows to buy pork for state reserves

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Apple suppliers trade lower on news that authorized Apple retailers cut prices in China

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Goldman Sachs raised target price of BYD to HK$32.51, maintaining Buy rating

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CICC remained constructive on Hong Kong stocks, focuses on internet, healthcare stocks

The China International Capital Corporation remained constructive on Hong Kong stocks and said that the rally started from November 2022 is now

In Hong Kong, China Hongqiao is sliding more than 6%, Zijin Mining, Shandong Gold, China Nonferrous Mining and China Gold International down more than 5%, Zhaojin Mining, Luoyang Molybdenum, Lingbao Gold, etc. are more than 4%.

Aluminium giant China Hongqiao tumble in Hong Kong after expects net profit to tumble 40% in 2022

China Hongqiao, the world’s top private aluminium producer, said that its net profit for the year ended 31 December 2022 is expected to tumble by about 40% from a year earlier.

China to gradually include assisted fertility services in medical insurance scheme to boost birth rate

Assisted fertility technologies, along with labour analgesia to reduce pain during childbirth, will be gradually covered by China’s medical insurance scheme in

ING Bank raised the forecast of China’s GDP growth in 2023 to 5% from its previous projection of 4.3%, according to a research note.

PBOC drained net 373 bn yuan liquidity via open market operation, cut yuan’s fixing by 355 pips

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China’s new bank loans expected to hit new record high in January – research

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Grand Pharmaceutical’s new drup for treatment of brain tumors granted approval

A new drug for the treatment of brain tumors manufactured by Grand Pharmaceutical Group (HK: 0512) has been given the green light by Chinese regulators.

China’s outstanding real estate loans slowed significantly in 2022, property development loans showed pickup in Q4 – PBOC data

China’s outstanding loans to the real estate sector stood at 53.16 trillion yuan at the end of 2022, rising by 1.5% from a year earlier, slowing by 6.5 percentage points from the previous year.

China’s domestic passenger flights up 13.8% on year in Jan 23 – 29

In the 4th week of 2023 (January 23 – 29), the number of passenger flights executed by Chinese airlines was nearly 85,000,

Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said that its revenue in January jumped 48.2% from a year earlier to a record high of T$660.4 billion ($22 billion), up 4.9% from previous month.

Job openings in China’s services sector surge as activities recover after end of zero-Covid policy – survey

Job openings in the hotel and catering sectors surged 40% year over year during the first six days of work after China’s

China should reaccelerate reforms such as tackling the shrinking labour force and weak productivity growth to maximise its economic potential, the IMF said on Friday.

China to launch market-making business on exchange bond market on Feb 6

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Morgan Stanley received regulatory approval to be actual controller of China fund management firm

Morgan Stanley has received regulatory approval to be the actual controller of its Chinese fund management firm Morgan Stanley Huaxin Fund Management Co Ltd, the China Securities Regulatory Commission said on Friday.

Hong Kong’s live-in home price index hit highest in nine weeks

Hong Kong’s Centa-City Leading Index (CCL), a gauge of lived-in home prices compiled by Centaline Property, rose to 158.75, up 0.56% from the previous week, hitting the highest in nine weeks.

UBS cut Brent crude forecast for 2023 to $90 from $95, expects oil demand to return to 2019-level this year

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Investors gradually turn positive on China’s auto sector, extra promotions, new models needed – Morgan Stanley

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China’s top property developers saw contracted sales decline 32.5% on year in Jan – research

China’s top 100 property developers saw contracted sales decline 32.5% in January from a year earlier to 354.3 billion yuan, slumping 48.6%

Chinese government policies aimed at stimulating property demand have been less effective than measures supporting property developers’ liquidity needs, rating agency Moody’s said in a report.

Berkshire Hathaway sold more BYD shares

Berkshire Hathaway, the investment company owned by Warren Buffett, sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD Company for

President Xi Jinping has said China must accelerate efforts to achieve self-reliance in science and technology to cement its footing in the

The first trade talks between China and Australia in three years are expected to pave the way for Prime Minister Anthony Albanese

China’s recorded 102 million railway passenger trips during the period of Jan 22 – Feb 1, rising by 48.7% from a year

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