Tweet

Brian Tycangco 鄭彥渊

Nov 7 • 4 tweets • 2 min read

The market wasn't expecting this after media voicing skepticism about the rally & news Beijing's sticking to #zerocovid over the weekend. But another 4% gain on the HSTI on Monday, bringing 5-day gains to 19%, tells us this is more than just fluff. Sure, we may still just be in a

bear market rally. The things to consider are (1) China is closer to the end of COVID lockdown based on micro-level moves to reopen, (2) mainland funds/investors have practically put a floor underneath the market with their daily buys of CSOP HSTI ETF, (3) the #PCAOB audits ended

sooner than expected, (4) foreign funds are extremely underweight China and risk underperforming their benchmarks, and (5) China's tech majors have mostly adjusted to new regulations & started focusing on profitability several quarters ago. This increases the likelihood of upside

surprise to earnings when 3Q results start coming out this November. $TCEHY $BABA $JD $MPNGF $JD $NTES 1810.HK $BIDU $KUASF $NIO $BILI $PDD $LI $XPEV $KWEB $CHIQ $MCHI

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @BrianTycangco

Brian Tycangco 鄭彥渊

@BrianTycangco

Oct 17

Xi Jinping's speech was probably the most over-analyzed speech by a leader in recent memory. Unfortunately, a lot of those analyses came with a tinge (sarcasm) of bias that took away from importance of what he said. "Zero Covid and Zero Solutions", "What a Defiant Xi Tells Us"

were the headlines that stood out. I, too, watched intently as developments in #China will impact a lot of things in my country, which is just a stone's throw away from Taiwan and the mainland. On #ZeroCovid, it's not surprising for Xi to tout a policy that has potentially saved

millions of Chinese lives. A refusal to publicly declare a veering away from this policy can mean they still see dangers to public health, esp with recent flareups in Europe. I was disappointed at hearing this but respect their decision which they do not seek to force on other

Read 11 tweets

Brian Tycangco 鄭彥渊

@BrianTycangco

Sep 25, 2021

We should do less thinking of what China is doing to itself in the short-term and more of what they are trying to achieve long-term. Moves that appear to be bad right now may be hugely beneficial 5 years or more into the future. Some that appear good now could actually harm them

as these moves could impede progress. Reining in the tech sector to give Beijing time to put in regulations is likely positive, as platforms will have an even and clear playing field. Banning #cryptocurrency seems self-defeating now, but in the context of avoiding capital flight

that could destabilize the financial system later on and shutting down illicit flows from criminal activities, it is a positive. Launching a #CBDC in Feb opens up tighter surveillance and monitoring of people, but will bring in hundreds of millions of unbanked into the digital

Read 7 tweets

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Share this page!

Brian Tycangco 鄭彥渊

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @BrianTycangco

Brian Tycangco 鄭彥渊

Brian Tycangco 鄭彥渊

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!