ChinaStakes

Tell You the Truth: the Big 5 Chinese Banks Still Need West Investment. Here is Why

admin — Thu, 17 Jul 2014 16:33:27 GMT

Contrary to current practice and prevailing expectations, in June the Chinese government began signaling a willingness to open its domestic banking giants to more foreign investment. ...

WH Foods IPO Debacle: A Sow's Ear Out Of A Silk Purse

admin — Wed, 21 May 2014 14:24:36 GMT

Explaining a $600M payout was never going to be easy. Nor was stitching together two giant regional meat companies into a global superstar, or floating that company just nine months after it was created. ...

Is China's Old Growth Model Sustainable: a Big Bull vs. a Big Bear

admin — Fri, 25 Jan 2013 04:01:20 GMT

China's growth model propelled its economy to an average growth of 9.9% over the last 32 years, and will continue to grow, although at a slower rate, said Justin Yifu Lin, former Chief Economist at the World Bank in Washington. Yes, China's growth record is admirable but it is not sustainable, according to Dr. QIN Xiao, Chairman of the Boyuan Foundation, former Chairman of China Merchants Group, and member of the 11th Chinese People's Political Consultative Conference who earned his Ph. D. in economics at Cambridge University. He is a guest professor at the Graduate School of the People's Bank of China. ...

The Chinese Year of Snake: A Market Twisting High and Low

admin — Wed, 02 Jan 2013 10:23:24 GMT

A brief preview of December data to help you kick-start 2013. Well, you've already got the PMIs with the HSBC one surprising on the side and the NBS/CFLP on the downside. With rebounding GDP/IP/earnings growth and low inflation, we continue believing that the Chinese economy is in a sweet spot and can stay there through 1H13. The current macro backdrop should bolster asset prices from equities to commodities. On policy, Beijing will be happily to sustain the current policy stance which could be featured as marginally pro-growth without big-bang stimulus. ...

China's First PMI in 2013: Disappointing or Intentionally Conservative for Rainy Days Coming?

admin — Wed, 02 Jan 2013 06:39:21 GMT

China's govt-backed NBS PMI came in at 50.6 in Dec, unchanged from Nov. It's below market consensus at 51.0 and our slightly more conservative forecast at 50.9. Though the 50.6 NBS PMI reading is below consensus and thus could be a bit disappointing, we expect markets won't turn bearish (see below). Simply put, we believe the Chinese economy and its asset markets will remain in a sweet spot in 1H13. However, as the street's China GDP growth consensus has been increasingly ratcheted up by exuberant forecasters, investors should be wary of getting too optimistic in coming months. ...

PBoC Is Loosening: Money Supply in December Exceeds Market Expectation

admin — Mon, 09 Jan 2012 15:45:35 GMT