Market Brief
CATL has launched a historic RMB 40B share buyback and cancellation program, the largest in A-share history. By permanently reducing share count, the battery giant signals a structural shift in corporate governance for global allocators.
Sectors
As global AI capex surges, China's A-share tech manufacturers are posting massive profits. Fueled by upcoming 1.6T optical module shipments, New Easy East guided H1 profits up 102%, creating a gap for deeply discounted China AI stocks.
Market Brief
On July 16-17, 2026, 18 top firms filed for China's first Active ETFs with the CSRC. This regulatory milestone transforms the 6T-RMB A-share ETF market, providing daily transparency and real-time liquidity for global allocators.
Valuation
At WAIC 2026, China's AI stack showed massive integration. Driven by Moonshot's Kimi K3 and DeepSeek's $50B valuation, the robust momentum contrasts with the July 17 A-share tech dip, opening a tactical window for cheap China AI stocks.
Sectors
As Chinese AI LLMs achieve technical parity with Western peers at 40-50% lower costs, Julius Baer has rated China tech overweight. Driven by the 15th Five-Year Plan, the A-share value chain offers secular growth at a deep valuation discount.
Valuation
China's AI industry has crossed the ¥1T threshold, growing over 30% in 2026. Driven by a potential $70B CapEx from ByteDance and strict localization mandates, a parallel, self-sufficient A-share AI hardware supply chain is emerging.
Sectors
China's memory chip sector is undergoing an earnings supercycle. Driven by robust AI demand and Samsung's planned 20% Q3 DRAM price hike, storage manufacturer Jiangbolong pre-announced a staggering H1 net profit surge of over 62,000% YoY.
Valuation
On July 6, 2026, China rolled out sweeping trading upgrades. By expanding after-hours fixed-price trading to all A-shares, aligning fund closing, and doubling ST limits to ±10%, Beijing is lowering execution friction for global allocators.
Valuation
SASAC designated 28 SOEs as demonstration units for its world-class enterprise initiative. Their ~60 listed subsidiaries form a regulator-defined cohort—the cleanest starting universe to which the reform framework most directly applies. This installment maps and analyzes the list.
Valuation
Chinese SOEs trade at 10x earnings against 40x for the S&P 500 — yet pay higher dividends and post higher ROE than private peers. Sovereign wealth funds are quietly buying. A data-driven look at whether "uninvestable" is the consensus mistake of the decade.
Valuation
Of SASAC's six "One Profit, Five Ratios" metrics, only two cleanly predict stock returns: operating cash ratio and ROE above 10%. We walk through what the backtest data shows—and build a Buffett-style screening discipline North American investors can apply today.
Valuation
Four Chinese SOE industries trade at PB discounts above 20% versus private peers: petrochemicals, steel, construction, and transportation — also the highest-yielding sectors. This installment maps where the discount concentrates and what the geography reveals about policy-mandate pricing.