Alibaba’s frequent management changes not welcomed by market; setup of asset management company signals faster non-core asset disposal – JPMorgan >>>>
CICC slashed Country Garden Services’ 2023 net profit by 89%, target price by 19%after impairment provisions >>>
Citi keeps Macau’s Dec GGR forecast at MOP17.5 bn, expects GGR in Christmas & New Year to expedite >>>
China has condition to achieve 5% growth in 2024, has room to step up fiscal policy – PBOC advisor >>>
Latest data shows no signs of improvement in China’s property sales, sales weakened further in Nov despite low base – JPMorgan >>>
China’s new home sales flattened out on year last week; gradual release of phased sell-off pressure on property developers lead to trading opportunities – CICC >>>
Country Garden Services’ impairment announcement consolidated market concerns, expected to write down almost all receivables from Country Garden – JPMorgan
Country Garden Services’ annual dividend expected to be zero as impairment makes up 75% – 96% of net profit forecast – UBS >>>
Country Garden Services’ impairment provision in line with expectations, more impairments expected in coming years – Morgan Stanley >>>
Moody’s cut rating outlook for Chinese banks, companies, local government financing vehicles after change of sovereign rating outlook >>>
Global EV battery installations surged 44% on year in Jan – Oct, Chinese battery producers’ market share rose to 63.3% – research >>>
Moody’s lowered outlook of Hong Kong’s credit rating to Negative from Stable, affirmed long-term rating at Aa3 >>>
PBOC likely to roll out PSL instrument to provide funding for targeted construction projects – analyst >>>
China’s NEV penetration expected to reach 50% by 2025, 10 years ahead of schedule – former industry minister >>>
