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☆ As the Year of the Dragon begins, the pros name sectors — and stocks — to play the Chinese market
▼ + stars: | 2024-02-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

Chinese stocks had an eventful week last week — with the benchmark Shanghai Composite Index hitting a five-year low of about 2,650 points on Feb. 5, before edging up to end the week at 2,865.90. A slide in Hong Kong-listed Chinese shares on Feb. 9, however, proved that investors may still have lingering concerns on the prospects of Chinese stocks in the new year. As the festive season gets underway, Redmond Wong, market strategist at investment firm Saxo, sees several opportunities to play the market. Boom in green transformation Beyond the traditional sectors, Saxo's Wong is watching an up-and-coming area in China: energy security and a green transformation. Data from the International Energy Agency shows that the Asian giant's clean-energy sectors contributed 11.4 trillion Chinese yuan ($1.6 trillion) to the Chinese economy in 2023, up 30% year-on-year.

Persons: Redmond Wong, Saxo, I'm, Wong, Saxo's Wong, Morningstar, Zijin Organizations: CNBC Pro, Monetary Fund, Technology, Shenzhen, Baidu, Sands, Tsingtao, Morningstar, Tsingtao Brewery, International Energy Agency, Companies, Zijin Mining Locations: Shanghai, Hong Kong, China, Zhejiang, Sands China, Macao, Shandong

☆ Tsingtao responds to viral video showing a Chinese beer worker urinating into a tank
▼ + stars: | 2023-10-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Chinese beer maker Tsingtao Brewery said Monday that it had contacted authorities about a viral video showing a staff member urinating into one of its tanks, and that an investigation was underway. Tsingtao, China's second largest brewer, said in a statement that the incident had been reported at the "first opportunity." "The company places high importance on the media reports and has reported the matter to the public security authorities at the first opportunity. The public security authorities are presently involved in the investigation," the statement said. Shares of Tsingtao Brewery fell sharply when the Shanghai Stock Exchange opened Monday, but recovered by afternoon trade.

Persons: netizens Organizations: Tsingtao, Weibo, Shanghai Stock Exchange, Hong Kong Stock Exchange Locations: Tsingtao, Shanghai, China's, East Asia, Weibo

☆ Japan’s largest brewer sets its sights on China — again
▼ + stars: | 2023-05-31 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Japan's Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world's largest beer market. The company divested from China years ago due to the lack of "premiumized products" and "very low" prices at that time, Katsuki said. In 2017, Asahi announced it would sell its nearly 20% stake in China's Tsingtao Brewery to Fosun Group and its subsidiaries. "But with the entry of the international brands and also craft beer, the premium segment in China is now really taking off and growing substantially." "Asahi Super Dry has the largest sales already from the China market now and it's growing double digits every year, so we want to continue to really invest into this premium market," he added.

Persons: We've, Atsushi Katsuki, CNBC's Martin Soong, we're, Katsuki Organizations: Japan's Asahi Group Holdings, Asahi, Fosun Group Locations: China, Tsingtao

☆ The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's 'only pathetic if no one wants what we offer'
▼ + stars: | 2023-04-25 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

The company posted a 95% year-on-year dip in annual 2022 profits. "It's not pathetic that we are selling assets," he said at an entrepreneur forum in March, per Bloomberg. Hong Kong stock exchange-listed Fosun International's shares have rebounded to 5.4 Hong Kong dollars, or $0.7, apiece on Tuesday, from a low of 4.6 Hong Kong dollars in September. They're still down from about 7.8 Hong Kong dollars in late January. Fosun International's market capitalization is around 44 billion Hong Kong dollars now.

☆ The Fed is about to deliver a momentous policy decision. It'll be a choice between keeping the focus on inflation or stemming the banking chaos.
▼ + stars: | 2023-03-22 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

Powell and the Fed may acknowledge that monetary policy has caused some pain, and even add that more may be coming. What's your prediction for today's Fed decision and what Powell might say about the recent banking tumult? A market analyst says investors need to have some key questions answered by the Fed today. Market watchers should pay attention over whether the central bank sees the SVB collapse and resulting crisis as deflationary. The governor of Florida has proposed legislation to ban a central bank digital currency and has called on like-minded states to do the same.

☆ China’s reopening has gotten Wall Street excited. Here’s how the pros are playing it
▼ + stars: | 2023-01-10 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Over the past week, a host of Wall Street banks have turned increasingly bullish on the world's second-largest economy and have upgraded their outlook on Chinese stocks. Morgan Stanley expects China's GDP to grow by an "above-consensus" 5.4% in 2023, on the back of a "fast-tracked" reopening and more proactive policy easing. Meanwhile, UBS says Chinese stocks look increasingly attractive. How to play the reopening Against this backdrop, analysts have named a slew of both Chinese and global stocks they think will benefit most from China's reopening. Bank of America's domestic reopening beneficiaries include consumer stocks such as alcoholic beverage makers Kweichow Moutai and Tsingtao Brew , airline stocks including China Southern Airlines , as well as online travel platform Trip.com .

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