COMMODITIES STOCKS Lenovo hit highest since April 2021 after announcing plan to release AI PC in 2024, Goldman raised target price by 14.6% >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Jack Ma very positive about Alibaba, to continue to hold its shares – report >>>
COMPANY NEWS Alibaba to unlock value to improve shareholder returns, company in best financial position to invest for future growth – chairman Joseph Tsai >>>
DATA REAL ESTATE China’s new home prices fell for fourth straight month in Oct, fewest cities saw second-hand home price rise since Oct 2014 >>>
STOCKS Macquarie removed Alibaba from Marquee Buy Idea, slashed target price from Hk$145.8 to HK$126.4 >>>
MACRO POLICY & REGULATION China willing to treat US as friend and partner, to introduce more measures to promote people-to-people exchanges – Chinese President Xi >>>
MACRO POLICY & REGULATION Xi, Biden’s meeting a milestone in history of China-US relations – Chinese Foreign Minister >>>
DATA MACRO China’s electricity consumption, power generation grew at slower pace in Oct, coal-fired, solar power picked up >>>
COMMODITIES DATA China’s battery-grade lithium carbonate price slides for 19th straight day to hit lowest in over two years >>>
DATA MACRO REAL ESTATE China’s property sales, real estate investment fell at faster pace despite government support >>>
DATA MACRO China’s fixed-asset investment grew at slowest pace since 2021 amid slowing infrastructure investment, slumping real estate investment >>>
DATA MACRO China’s retail sales grew at fastest pace since Jun in Oct amid low base, holiday demand >>>
DATA MACRO China’s industrial production accelerated slightly in Oct, matching market expectations >>>
MACRO POLICY & REGULATION PBOC injects large amount of liquidity amid surging government bond issuance, year-end cash demand >>>
COMMODITIES China’s iron ore futures hit new high since Jul 2021 amid stepped-up fiscal stimulus, renewed optimism about real estate sector >>>
MACRO POLICY & REGULATION More needs to be done to boost financing demand, there is room for another RRR cut before end of year – state media >>>
REAL ESTATE VIEWS & ANALYSIS Vicious cycle in China’s real estate sector gradually broken as policy to ensure property delivery takes effect – CITIC Securities >>>
DATA MACRO China’s new bank loans slumped in Oct, but beat market expectations, total social financing supported by government bond sales >>>
MACRO POLICY & REGULATION Xi, Biden to have first face-to-face meeting in a year on Wed in San Francisco
POLICY & REGULATION China to provide guaranteed financial support for coal-fired power plants to ensure power supply >>>
MACRO POLICY & REGULATION VIEWS & ANALYSIS China needs to step up fiscal policy, can raise budget deficit ratio next year to support recovery – PBOC advisor >>>
COMPANY NEWS China’s top chipmakers SMIC, Hua Hong Semiconductor saw Q3 net profit slump over 80% >>>
VIEWS & ANALYSIS UBS lowered forecast of global EV sales, citing slowdown in Europe, US, saying growth mainly from China market >>>
DATA MACRO China’s consumer prices slipped back into deflation in Oct, factory-gate prices declined at faster pace >>>
MACRO POLICY & REGULATION China to achieve annual GDP growth target this year, PBOC to provide liquidity support to areas with high debt – PBOC Governor >>>
MACRO POLICY & REGULATION Chinese President Xi Jinping called on state capital to focus on “backbone”industries to safeguard national security >>>
BONDS MACRO POLICY & REGULATION REAL ESTATE STOCKS Chinese property developers’ shares, bonds rallied on expectation of more government support >>>
COMMODITIES China’s iron ore futures hit new high since Aug 2021 after government stepped up stimulus >>>