Finance - Bamboo Works - China stock insights for global investors

Strong NEV sales keep Yixin on pace with China’s sluggish auto market

Wed, 15 May 2024 06:25:45 +0000

The online car loan facilitator’s business is growing at a similar pace to China’s auto market, which has decelerated after years of strong growth Key Takeaways: By Warren Yang It may not be zooming anymore, but online car loan facilitator Yixin Group Ltd. (2858.HK) seems to still be cruising along – albeit at reduced.....

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ZhongAn may be betting on property rebound with Shanghai office buys

Wed, 08 May 2024 07:27:12 +0000

The online insurer has agreed to purchase two office buildings in Shanghai’s iconic Bund area amid signs that China’s commercial property market may have hit bottom Key Takeaways: By Warren Yang ZhongAn Online P & C Insurance Co. Ltd. (6060.HK) is giving China’s real estate market a vote of confidence, at least of sorts......

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PODCAST: Construction Material Woes, and a New Bull Market

Tue, 07 May 2024 07:40:23 +0000

Much has been said about China's suffering property developers, but construction material makers are also in trouble. Will the government come to their rescue? And offshore China stocks enter bull territory with a 25% rally for the Hang Seng Index. What's driving this sudden surge, and will it last?

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Hillhouse boosts Longi position after probe, as it pivots to global focus

Fri, 26 Apr 2024 01:28:06 +0000

The private equity firm was told by China’s securities regulator to buy back shares in the solar company after selling them without the necessary disclosure Key Takeaways: By Teri Yu and Doug Young In the complex tapestry that is China’s vast private equity sector, even the most skilled weaver can occasionally miss a thread......

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PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture

Tue, 23 Apr 2024 04:36:44 +0000

Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?

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Fosun International on cusp of new ‘asset-light’ era with latest sale

Tue, 23 Apr 2024 00:38:13 +0000

The conglomerate is selling its stake in multinational insurer Ageas, extending a slimming exercise touched off by a liquidity crisis in 2022 Key Takeaways: Li Shih Ta After years of mining the globe for assets, conglomerate Fosun International Ltd. (0656.HK) has shifted into a new phase as it tries to find the right balance between its large.....

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PODCAST: A Fitch Downgrade, and New Steps to Bring Back Global Tourists

Tue, 16 Apr 2024 09:13:00 +0000

Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?

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Juicy margins set Zhongmiao apart among stodgy insurers

Wed, 10 Apr 2024 05:58:12 +0000

The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways: By Warren Yang Investors understandably don’t often get too excited about insurance brokers that typically lack glamorous growth stories like those for high-flying tech.....

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Tian Tu plunges into the red on sagging Hong Kong stock market

Wed, 03 Apr 2024 01:17:31 +0000

The venture capital company posted 814 million yuan in investment losses last year, reversing 337 million yuan in gains for 2022 Key Takeaways: By Doug Young What do you do when one of your primary revenue sources runs dry? That question was front-and-center in the maiden earnings report from Tian Tu Capital Co. Ltd......

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PODCAST: Relaxing Data Requirements, and a Big Dividend

Tue, 02 Apr 2024 09:28:46 +0000

China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.

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Luzhou Bank’s profit growth looks sweet, but could mask souring loans

Wed, 27 Mar 2024 05:32:14 +0000

The regional bank’s profit grew strongly last year largely on non-operational investment gains, amid signs of increasing defaults on its loans Key Takeaways: By Warren Yang Headline numbers often don’t tell the whole story when it comes to a company’s financial performance. This is especially true for Chinese banks, whose earnings reports often require.....

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Investors unimpressed by massive dividend from shrinking Lufax

Mon, 25 Mar 2024 03:58:12 +0000

The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: By Doug Young Online lender Lufax Holding Ltd. (LU.US; 6623.HK) just keeps getting smaller. First, the company underwent a radical transformation that saw its lending portfolio shrink by.....

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