Spinee wrote a post · Nov 22, 2023 22:55

Here's what happened in China's markets last trade day (11/22):

1. Jack Ma's Shift in Share Plans:

Jack Ma's family trusts reconsider selling 10 million Alibaba shares.
Planned disposal impacted Alibaba's stock, despite good quarterly results.
Jack Ma intends to retain his Alibaba stake, citing undervaluation.
The company declared a $1 cash dividend for the quarter.

$BABA-SW(09988.HK)$ $Alibaba(BABA.US)$

2. Upcoming IPOs for CATL and SHEIN:

CATL, a leading EV battery supplier, considers listing in Hong Kong.
SHEIN quietly applies for a US IPO, valued at $55B to $60B.

$Contemporary Amperex Technology(300750.SZ)$ $BYD COMPANY(01211.HK)$ $Tesla(TSLA.US)$ $NIO Inc(NIO.US)$ $NIO-SW(09866.HK)$ $NIO Inc. USD OV(NIO.SG)$ $VOLKSWAGEN A G(VWAGY.US)$

3. Growth in China's Retail Sales:

China's October retail sales of consumer goods grew 7.6% YoY.
October figures boosted by the National Day holiday.
Sustained growth crucial, especially with Singles' Day in November.

$JD-SW(09618.HK)$ $JD.com(JD.US)$ $PDD Holdings(PDD.US)$ $Meituan(ADR)(MPNGF.US)$ $MEITUAN-W(03690.HK)$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$ $BILIBILI-W(09626.HK)$ $Bilibili(BILI.US)$

4. Record-breaking 5G Adoption:

China's 5G base stations reach 3.215 million by end October.
5G device users increase to 754 million.
Telecom industry revenues grow 6.9% in the first 10 months of 2023.

$CHINA MOBILE(00941.HK)$ $CHINA TELECOM(00728.HK)$ $CHINA UNICOM(00762.HK)$ $CHINA TOWER(00788.HK)$ $CHINA TOWER CORP LTD(CHWRF.US)$

5. Government Support for Real Estate Industry:

Beijing nearing completion of a shortlist for real estate financing.
50 companies to receive financial support, including major players.
Indicates government concern and willingness to assist troubled industry players.

$Global X MSCI China Real Estate ETF(CHIR.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$ $Hang Seng Index(800000.HK)$ $NASDAQ Golden Dragon China(.HXC.US)$ $iShares MSCI China ETF(MCHI.US)$

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HopelessChi : no sign of financial market revival.

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