Global X MSCI China Consumer Discretionary ETF (CHIQ) Stock Forum and Discussion

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CHIQ Global X MSCI China Consumer Discretionary ETF

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19.440
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Close May 3 16:00 ET

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Spinee

Apr 18 12:58

UBS has revised its real GDP growth forecast for China in 2024 from 4.6% to 4.9%.

Furthermore, given the strong export demand and better-than-expected economic growth in the first quarter, UBS has also raised its export growth forecast (in US dollars) for 2024 from 1.2% to 3.5%, predicting that net exports will boost real GDP growth by 0.5 percentage points.
$Tencent(TCEHY.US)$$TENCENT(00700.HK)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$KraneShares CSI China Internet ETF(KWEB.US)$$SSE Composite Index(800146.HK)$$CSI 300(BK20861.HK)$$Hang Seng China Enterprises Index(800100.HK)$

Spinee: China GDP data:

Spinee

Apr 18 10:56

Fitch Ratings has revised the Outlook on ratings of Alibaba Group Holding Limited $BABA-SW(09988.HK)$ and Tencent Holdings Limited $TENCENT(00700.HK)$ to Negative from Stable, following the revision in the Outlook on the Chinese sovereign to Negative.
$Alibaba(BABA.US)$$Tencent(TCEHY.US)$$Hang Seng Index(800000.HK)$$KraneShares CSI China Internet ETF(KWEB.US)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$NASDAQ Golden Dragon China(.HXC.US)$

Spinee: China's MOF responds to Fitch's outlook revises:

Spinee

Apr 17 13:55

Douyin Life Service 1Q24 Sales RMB100B+, without Narrowing Gap with Meituan

In 1Q24, $ByteDance(FT0001)$ Douyin Life Service (mainly comprising of in-store catering, in-store integrated & wine tourism businesses) recorded a sales before write-off of over RMB100 billion, with a YoY growth rate of more than 100%, flat QoQ, as compared with the sales of $MEITUAN-W(03690.HK)$ 's in-store business, which stabilized at around RMB200 billion in the past 2 quarters, according to LatePo...

Spinee

Apr 16 20:17

In Jan-Mar, China's total retail sales were recorded at 3.9 trillion yuan, rising 3.1% y/y(narrowed).

Retail sales of goods were 3.5 trillion yuan, which rose by 2.7%y/y; (narrowed)

Total revenue for the catering industry was 396 billion yuan, which rose 6.9%. (narrowed)
$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$BYD COMPANY(01211.HK)$$BABA-SW(09988.HK)$$SSE Composite Index(800146.HK)$$MEITUAN-W(03690.HK)$$TENCENT(00700.HK)$$PDD Holdings(PDD.US)$$XIAOMI-W(01810.HK)$

Spinee: 中国国内生产总值数据：

Spinee

Apr 12 14:16

China's MOF responds to Fitch's outlook revises:

Disappointed, Fitch's decision has not reflected fiscal impacts.

Long-term positive trend of the Chinese economy unchanged.

MOF is working on resolving local government debt risks.

Local hidden debt is reducing gradually.
$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$COUNTRY GARDEN(02007.HK)$$EVERGRANDE(03333.HK)$$HKEX(00388.HK)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$

Spinee: 负面展望的修订反映了中国公共财政前景面临的风险越来越大，因为在从依赖房地产的增长向政府认为更可持续的增长模式过渡的过程中，中国面临着更加不确定的经济前景。惠誉预测国内生产总值增长将放缓至 4.5% 在...

Spinee

Apr 12 12:22

The negative outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model.
Fitch forecasts GDP growth to moderate to 4.5% in 2024.
$COUNTRY GARDEN(02007.HK)$$LONGFOR GROUP(00960.HK)$$EVERGRANDE(03333.HK)$$Real Estate Developers(BK1019.HK)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$