China’s supermarkets, shopping centres saw clear footfall growth in holiday; Meituan, Douyin’s local life service performed well – CICC >>>
China’s LPR cut to narrow banks’ NIMs by average 3 bps, but stock performance expected to remain strong – JPMorgan >>>
JD’s potential acquisition could accelerate its expansion in Europe, to create synergies – HSBC Global Research >>>
China’s 2nd-hand home sales in holiday beat new homes, China Resources Land, China Overseas, Beike Preferred – HSBC >>>
China’s holiday tourism data decent, average spending per tourist down 9% from 2019-level – research >>>
China’s holiday consumption beat expectations amid improving tourism market, government stimulus – UBS >>>
China’s home demand switches to secondary market in holiday amid persistent risks on project completions – UBS >>>
