A glimpse ahead: The Chinese concept stock financial report season has begun! Tencent and Alibaba are the first to release their reports. Who is expected to sound the horn of a new round of "counterattack"?
Starting next week, a new round of financial reporting season for Chinese network technology stocks will officially begin. Star companies such as Tencent, alibaba, and Meituan will release their financial reports one after another. The capital markets once again focus on Chinese concept stocks, can this financial reporting season bring surprises to the market?
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Express News | JD.com Down 3.1%, Li Auto Down 3.7%, NIO Down 1.9%
Express News | Alibaba Down 3.4%, PDD Holdings Down 2.7%, NetEase Down 4.3%, Baidu Down 2%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket After Latest Policy Stimulus From China
Express News | jd.com: Launches a hundred billion support plan for white-label domestic products factories.
Before the financial reports of Alibaba, Tencent, and jd.com are released, will the Standing Committee of the National People's Congress of china make a big move?
Following the expected launch of the largest fiscal stimulus plan since the epidemic in china, technology giants alibaba, tencent, and jd.com will release financial reports. These three companies are expected to benefit from the economic support measures that may be introduced at the National People's Congress Standing Committee meeting in peking this week.
Goldman Sachs raised the target price of Meituan (03690.HK) to 212 yuan and raised pdd holdings (PDD.US) target price to 172 US dollars.
Goldman Sachs's research report indicates that following the mainland internet giants' consecutive release of third-quarter results next week, most companies' revenue is expected to meet expectations. Investors will shift their focus to the fourth quarter guidance due to policy changes in late September in the mainland, as well as management's comments on recent consumer trends, advertising technology advancements, AI cloud growth and capital expenditure investment, how companies are dealing with cross-border business under potential US tariffs, and any updates on shareholder return policies. The bank remains bullish on large-cap companies in the industry such as Tencent (00700.HK), as well as the e-commerce sector, including Alibaba (0998).
Express News | China Internet of Things: In October 2024, the e-commerce logistics index was 115 points.
JD.com Options Spot-On: On November 7th, 150.75K Contracts Were Traded, With 1.72 Million Open Interest
On November 7th ET, $JD.com(JD.US)$ had active options trading, with a total trading volume of 150.75K options for the day, of which put options accounted for 16.68% of the total transactions, and
Express News | Ishares MSCI China ETF up 4.2%, Ishares China Large Cap ETF up 4.2%, Kraneshares CSI China Internet ETF up 3.9%
The China concept index rose 3.5% at the opening of the market.
November 7th, Glodon News | The Nasdaq Golden Dragon China Index rose 3.5% at the opening of the market, with popular China concept stocks Fangdd Network up 12.8%, Xiaopeng up 9.8%, Zeekr, Nio Inc, jd.com up over 5%.
Express News | U.S.-Listed Shares of Chinese Firms up Premarket After Domestic Stocks Rise on Stimulus Hopes
CORRECTION: Shares of US-listed Chinese Stocks Are Trading Lower
Shares of US-listed Chinese Stocks Are Trading Higher After Donald Trump Was Elected President of the United States, Which Could Raise Concerns Over Potential Tariffs and US-China Tensions.
Express News | jd.com supermarket signed a $50 million beef procurement agreement.
Express News | RPT-U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency (Adds Refinitiv Instrument Code)
Express News | Dongfeng Honda and jd.com signed a strategic cooperation agreement on autos.
Hong Kong market watch: Hong Kong stocks fell sharply, with the Hang Seng Index falling by more than 2%; technology, insurance, and lithium battery sectors declined, Alibaba, New China Life Insurance fell by more than 4%, BYD Company Limited fell by nearl
Network technology stocks performed poorly, jd.com Group-SW fell by 4.16%, alibaba-W fell by 4.07%; multiple alcoholic beverage stocks declined, palinda group rose by 6.86%, bud apac fell by 4.33%; golden industrial concept weakened, zhaojin mining fell by 4.25%, sd gold fell by 3.47%.
"Fortune" praises the list of top chinese companies, with companies like Tencent and jd.com standing out in the internet technology sector.
Fortune magazine released the '2024 Most Admired Chinese Companies' list, in which the performance of internet technology companies is particularly outstanding, with a total of 9 companies on the list. Companies like Tencent (00700.HK) and JD.com (09618.HK) have significantly improved their rankings compared to last year. Other companies on the list include ByteDance, Xiaomi (01810.HK), Alibaba (09988.HK), KE Holdings (02423.HK), Didi Global, Meituan (03690.HK), and Trip.com (09961.HK).