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18 Sep, 5 tweets, 5 min read
1/3 A short thread of an #Belgian/English children's book with today in Chinese history, Tin Tin & Blue Lotus #丁丁历险记（蓝莲花）. My kids (7&10) had loved it for years. I just had a sweet moment of talking about Chinese 9.18 history and kids today.
en.wikipedia.org/wiki/The_Adven…
2/3 My kids had read Tin Tin Series by Belgian artist at least 20 times, each time exclaiming on funny passages, particularly the Blue Lotus. Today(9/18) I casually mentioned that there will be sirens in Chinese cities as is unofficial start of WWII there.
en.wikipedia.org/wiki/Mukden_In…
3/3 War can be so brutal and random. Mukden Incident started by low level Japanese soldier but moved countries #China and #Japan toward 14 yrs of war(1931-1945) When I mention 9.18, kids instantly said, yes, that railroad thing, it was in Tin Tin! I laughed. Make laughs, not war.
4/4 There is a book of Tin Tin in Chicago! Kids learned AL Capone and prohibition on the side as they have so many questions on the bad guy and want to know what AL really liked in person and widely surprised that tax fraud is used to convict AL. en.wikipedia.org/wiki/Women_in_…
@threadreaderapp unroll #ChildrensBooks #Tintin #BlueLotus #China #Japan #War #918 #History #蓝莲花 #丁丁历险记

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Liqian Ren Profile picture
20 Sep
1/12 A thread on #ANT and how to read #China #PBOC Governor speech on Fintech(#ANT) yesterday. The headline says only FinTech, but Wink Wink, ANT is all over. Get strapped because I will sprinkle some wide guesses and rumors in the end. pbc.gov.cn/goutongjiaoliu…
2/12 My quick take on Fintech (Ant) SINS: 1. Monopoly power 2. Winner takes all 3. Payment system seeping into finance, insurance, small loan and asset mgt. 4. FIN must be separated from Tech, Payment from FIN. 5. Data Security 6. Global Coop on Fintech regulation
3/12 Points 3, 4, 5 has been addressed! I'v written on ANT credit scoring JV+ SASAC take stakes in the three private credit scoring companies. And Alipay has been ordered to be separated from financial services, because FinTech is more Finny than Techy!
Read 13 tweets
Liqian Ren Profile picture
19 Sep
1/9 A thread of one potential negative wind for #China #growth next few months: manufacturing firms forced to halt production under energy/environmental constraints 能耗双控. Firms in #Jiangsu asked to stop production. Malls asked to delay opening for 1/2 hour to conserve energy.
2/9 Background: 2060 carbon neutrality goal, National Development and Reform Comm.(#NDRC) sets a staged road map2025/30/35. Each province, two annual hard targets need to meet: total energy usage growth and GDP per unit energy used. (in Chinese) in-en.com/article/html/e…
3/9 AUG 7th, #NDRC graded each province in YTD red/yellow/green. Economically important provinces like #Guangdong, #Jiangsu #Fujian red for both targets. #ZheJiang yellow for both.
gov.cn/zhengce/zhengc…
Read 11 tweets
Liqian Ren Profile picture
17 Sep
1/8 Friday night, a light thread on the most exclusive Chinese medical school, started by Americans 100 years ago. It’s a piece of US-China history I want my own kids to know.
2/8 Like income inequality, China university resources are not as equal as in the US. There are top 2 universities (Peking U&Tsing Hua) that everyone agrees among top 2, with the rest vying for the third.
3/8 Peking Union Medical College协和. Each year it admits about 100 students, with 1-3 student from each of 31 provinces, except Beijing having a higher quota of 20. In 1993, My father said he would have gone crazy if I got in. He didn’t go crazy.
Read 10 tweets
Liqian Ren Profile picture
15 Sep
1/5 #China YOY Aug #retail #sales actual 2.5% vs expected7.4%. Said repeatedly here/clients that growth is the No. 1 risk but everyone loves to talk Regulation/ WAR. Going forward, count on continued monetary support #PBOC, #growth could even surprise on the positive side soon.
2/5 About Delisting risk, did you know that among large/mid BROAD #China universe, only about 6%, or 28 companies that are only listed in the US, after a barrage of companies like @NetEase_Global dual listed in HK? Below is the details. The key is Broad Universe, of course.
3/5 Hard to write something that has shelf life. The focus of future is really HK EX and Shanghai STAR board. 1 yr later, likely 5-7 comp. would sole US listed among large/mid cap. Chinese companies know both US and China didn't want them to list in US. wisdomtree.com/blog/2020-12-1…
Read 6 tweets
Liqian Ren Profile picture
13 Sep
1/ 11 A thread on a piloting program #China Wealth Management Connect(跨境理财通). Central to understand: Blackrock $1b onshore fund subscription as first WhollyOwnedForeign Enterprise (WFOE), Qianhai/Hengqin Plans to spur integration HK-GuangDong-Macau Bay area.
2/11 Analogy: Think Stock/bond Connect trading program but for asset management industry. Secondary effect also plays to the ambition of RMB internationalization. Again, Dollar’s reserve currency status could only be lost by future US obsession with #MMT.
3/11 Those who recently started paying attention to China’s regulatory/policy framework, this is very typical how policies got implemented: start small to tread water and if it went out of control, shut it down completely, then start testing again.
Read 12 tweets
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12 Sep
1/3 A quick thread of #Vietnam. 2020, discussions rage on supply chain diversification from China. Western companies prefer LatinAm, India and South East Asian Nations(ASEAN) Asked local Chinese businesses, they prefer Cheaper Chinese cities, ASEAN, India. Intersection: ASEAN
2/3 Among ASEAN countries, Vietnam came up constantly, for its similar political and cultural background with China. From @IMFNews Vietnam fastest growing among ASEAN neighbors last 10 years and project to grow fastest next 5 years.
3/3 Vietnam is largest weight 29% in @msci frontier index. Its communist party is watched closely in China as it seemed have moved faster toward liberalization.
Read 4 tweets

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