more to come dude...

my tech, bank and insurance going up a lot recently but sadly i dont have EV in my portfolio. sold too early especially 1211 BYD

more to come dude...

my tech, bank and insurance going up a lot recently but sadly i dont have EV in my portfolio. sold too early especially 1211 BYD

One thing I learned so far about China tech is: don't panic, just hold.

You have any plans to scoop up Xiaomi today?

Yup.. This is what I said in early Nov
Still holds true so far..

Having said that, one of my market timing strategy is always to trim position/take profit as CNY approaches..

You have any plans to scoop up Xiaomi today?

hmm i quite lack confident of this stock lol

better stick to 9988 , 0700 , 9618  . xiaomi i only goreng short term

Came here after reading about Xiaomi's ban. I am not too sure about Xiaomi's growth prospect, so although a 11% drop might seem tempting, but I think unless its Aapl, other handphone prospects might not be that good. You planning to get any?

Haha, indeed baba and tencent are still the kings.
No, I don't invest directly in China, be they A-shares of H-shares. Corporate governance is a serious issue, even with blue chips, not to mention regulatory risks.

I leave it to funds to handle. At least they have far more negotiation rights than us "mini" retailers when things go south.

If you can read in traditional Chinese, this is something to note about Baba and those "secondary-listed" H-shares.

https://www.mpfinance.com/fin/instantf2.php...&issue=20210104

What fund you buy for China then? Was supposed to look up a China fund the last week but forgot all about it (currently only have TA global tech). Sorry, can't read Chinese.

Looking at last year's IPO market, Chinese shares are in the investment spotlight, pioneered by JD.com (9618) and Netease (9999), the whole year saw 9 stocks return to HK for listing, attracting a combined 130 billion HKD capital. Regulators are giving the green light to Chinese shares. However, Ming Pao understood that HKIFA (HK Investment Funds Association), upon studying the industry's views and opinions, would like to suggest HKEX to provide more information on protection rules in place to safeguard investors under the secondary-listing system. One notable issue is that Chinese stocks already have lose regulations in their US listing, but many regulatory disclosure are still exempted in the HK listing.

Under the current system. Greater China issuers conduct secondary listing in HK under Chapter 19C of the Listing Rules and enjoy automatic exemptions of up to 78 clauses and appendices. According to the document, HKIFA reckons that Chinese shares receiving the exemptions pertaining to related-parties transactions and major transactions disclosure, acquisition rules, and corporate governance rules are exactly those that are easily involved in conflicts of interest, especially related-parties transactions, which is used frequently to infringe the rights of minority shareholders.

(https://www.hkex.com.hk/-/media/HKEX-Market/Listing/Rules-and-Guidance/Listing-Rules-Contingency/Main-Board-Listing-Rules/Equity-Securities/chapter_19c.pdf?la=en) - This Chapter 19C URL is my own addition

HKIFA states that the main reason HKEX takes a soft stand is because current Chinese shares' regulations rely on their IPO exchange and corresponding regulators; well-recognized exchanges like NYSE and NASDAQ are mature markets. However, HKIFA suggests that those Chinese shares listed in the primary exchange are already considered Foreign Private Issuer (FPI), whose regulations are already lax compared to domestic US companies, and the exemption given by HKEX gives rise to "double exemption" treatment for these companies.

Looking into SFC information, FPIs are not required to abide by "Regulation FD" (Fair Disclosure), and that regulation is supposed to prohibit companies to reveal part of important information to investors and analysts before announcing it to the public. Also, companies are not required to issue quarterly reports, unless it is released outside of US market. Other "benefits" include, managers who hold 10% or more of their company's shares are not required to disclose to SFC  their company's shares transaction. Norton Rose Fullbright (a law firm) reported that FPI's disclosure requirement can be fulfilled easily.

HKIFA's CEO Sally Wong replied to Ming Pao and asserts that Chinese shares' regulation are lax in mainland China, and they are exempted from more regulations in HK, more so given a majority of their shares are of different voting rights (following the WVR structure), resulting in high governance risk for such companies, yet HKEX never points out the issue. She welcomed investment opportunities in Chinese shares, but suggested that HKEX should significantly reduce the amount of exemptions given under the Listing Rules, and solid rationales should be given for those that are exempted. The public should also be educated about the real risk of investing in Chinese shares.

When asked whether they would be worried about governance risk of Chinese shares, large international fund Franklin Templeton's spokesperson replied to Ming Pao that HKEX and SC (HK Securities Commission) documents have listed all Listing Rules-related exemptions, investors can do their due diligence if they need to. Franklin Templeton's Emerging Markets Head of Trading, George Molina says that funds under Franklin Templeton will consider ESG factors when researching companies. He also further elaborates that HKEX's secondary listing is one of the most effective means to allow Asian investors to invest Alibaba-like overseas listed Chinese stocks.

My fund is a mix of Chindia equities and Malaysia bonds, Eastspring Investments Asia Select Income Fund. I bought via FSM.

https://www.eastspring.com/my/funds-and-sol...s?fundcode=E017

The Chindia equity is invested via a SG mutual fund called Dragon Peacock Fund, also by Eastspring (so it's a fund-of-fund). The MY bonds are managed by the Malaysia Eastspring managers themselves.

https://www.eastspring.com/sg/funds/fund-pr...20%E2%80%93%20A

As for the Chinese article, Google translate will help you to some extent. I am not a good translator, nor a lawyer (consult lawyer Hansel if in doubt).

Here's my translated article:
Took an hour to finish haha. Forgive me for errors. (I am not a law or finance guy). 

HK tech is now full bull market mode...

Jack Ma appeared so Baba surged and sentiment overflows to other counters lol

Jack ma appear plus china flow inflow to hong kong.

北水南下合計淨流入202.88億元，較上日減少23.71%，連續第21日流入，累計流入2402.12億元

Jack ma appear plus china flow inflow to hong kong.

I suspect another reason for the optimism is Biden has finally been sworn-in as president just now,... China will strike a more 'calm' relationship with The USA,... hopefully with more dialogues and less trade tensions.

Now based on the statistic, the recent rally mostly supported by mainland China inflow to hong kong. Average trading value transacted for whole day is 300 billion hkd compare to norm days below 150 billion hkd

The disparity between A share price and H share price still there is a gap. You guys can check 2628 china life vs mainland China life. One is traded around 18 hkd and one is traded around 40 cny. It still isn't too late to buy some of under performed share in hk.

Any ideas why the sudden inflow, bro ? What made the inland investors suddenly decided to take-up HKeX-listed China xhares ? I read somewhere the mom-and-pop investors are all rushing-in,....