Krne Csi China Internet

Hot topic

00700

80700

HTCD

TCEHY

TCTZF

BABA

89988

09988

HBBD

KWEB

China internet ADRs sold off again on fresh tax-rumor jitters. With headlines of varying credibility, Dolphin Research takes a top-down look.We start with the Gov.'s four ledgers. They are: 1) the general public budget, i.e., core fiscal revenue; 2) the government fund budget, an earmarked book funded mainly by land-sale proceeds; 3) the state capital operations budget, effectively the shareholder ledger funded by SOE profit and dividend remittances. In essence, this reflects the Gov.'s resource-allocation power...

TENCENT

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

Alibaba

BABA-WR

BABA-W

Alibaba HK SDR 5to1

China ADRs:  Rationale behind Tax Hike Scare?

Strategy Report

STECH

Hello everyone, this is Dolphin Research! In last week's strategy report, Dolphin Research mentioned that after the tariff issue was settled, the market's focus would shift to Trump's second wave of tax cuts and industrial policies. &#34;But the fatal BUG here is that tax cuts and industrial stimulus essentially require fiscal backing.&#34; Will the upcoming short-term trading revolve around this &#34;BUG,&#34; thereby affecting the valuation expectations of the entire asset class? Let's take a detailed look: 1. Trump's &#34;Big, Beautiful Bill&#34; = &#34;Big Deficit&#34; Bill? This new bill, the &#34;Big, Beautiful Bill&#34;...

Invesco QQQ Trust

Direxion 20+Yr Trsry Bull 3X

Hang Seng TECH Index

"Big and beautiful" = "big deficit", will US stocks be dragged down by US bonds again?

DJTWW

The return of Trump, its impact on the Chinese concept stock $Krne Csi China Internet(KWEB.US), I'll just post this layman's chart for everyone to feel. Trump proposed 10-20% tariffs on all imported goods and 60% tariffs on Chinese products. Whether it's just talk or not, the attitude is clear - bringing manufacturing back. Next year's economy will depend on domestic demand (aka policy stimulus).

Trump Media & Tech

Trump Media & Tech - CW28

$Krne Csi China Internet(KWEB.US) $Hang Seng TECH Index(STECH.HK) anticipated that after the Fed rate cut, the domestic policy space would open up, but did not expect such a significant shift in attitude towards the economy. Especially since normally, the political meetings at the end of September or in October do not usually focus on the economy, so this change in attitude came as a surprise. The current domestic economy is ailing, the symptoms of this ailment: deflation expectations are gradually solidifying, fundamentally due to the inability to sustain the previous economic model and the inability to find new driving forces...

Crazy! Chinese Concept Stocks

🤣Now long China becomes the most crowded trade!$Krne Csi China Internet(KWEB.US)

After the Federal Reserve cut interest rates by 50 basis points and confirmed the start of a rate-cutting cycle, China's policy space has finally opened up. The last rebound opportunity for Chinese concept stocks this year, as previously mentioned by Dolphin Research, has arrived.In addition to the rare combination of interest rate and reserve requirement ratio cuts, as well as measures to address high mortgage rates for homeowners who bought at peak prices by further reducing existing mortgage rates, the real surprises were the policies targeting listed companies (CNY 300 billion, with the central bank lending to banks at 1.75% and banks lending to listed companies at 2.25%) and the tools for banks, insurers, and securities firms to borrow funds for stock purchases (CNY 500 billion). These policies are purely aimed at boosting the stock market.For example, the swap facility for banks, insurers, and securities firms allows these institutions to use their holdings of stocks/ETFs as collateral with the central bank to obtain funds for further stock and ETF purchases, creating a cycle until the facility's quota is exhausted.This isn't just about the quota (especially since the central bank has indicated it can increase the quota), but more about the fact that short sellers now face a central bank with unlimited firepower, which has a significant deterrent effect on short selling.The loan tool for listed companies to repurchase and increase holdings also positively encourages companies to step up buybacks, sending a clear warning to short sellers.Other deterrent measures include the possibility of further cuts to the reserve requirement ratio by 25-50 basis points and the potential for additional quotas if the swap facility proves effective.These policies clearly demonstrate that, with the Fed's rate cuts easing pressure on the yuan's exchange rate, China's monetary policy space has expanded. The rapid joint action by China's three major financial regulators reflects an obvious intent to rescue the market, with a pronounced deterrent effect on short sellers.In terms of results, one visible outcome is that Chinese concept stocks (which generally have ample cash but are undervalued) have seen short sellers genuinely spooked under this policy onslaught, helping valuations rebound from extreme pessimism. This is what Dolphin Research referred to as the last opportunity for China's overseas assets amid the Fed's rate cuts.However, after this rebound, sustained fundamental improvement still depends on demand recovery. What's really needed here is fiscal policy, with monetary policy playing a supporting role. The direction and scale of fiscal policy will likely only become clear after December's economic conference. In the short term, the momentum of the monetary policy-driven rally in the latter half will hinge on October's consumption performance.$Krne Csi China Internet(KWEB.US)

JD Industrial Development Signs Strategic Cooperation Agreement with Songmics to Build Overseas Warehouse Ecosystem

Goldman Sachs reiterates 'Buy' rating on Tencent, encouraged by progress in its AI strategy

Tencent, CATL, and others join a new climate coalition to boost carbon credit demand

KE Holdings Q1 FY2026 Earnings: Net Income Surges 46.7% to 1.26B RMB Despite 19% Revenue Decline

Alibaba's Qwen Large Model to Receive a Major Upgrade

Beike Q1 2026 Adjusted Net Profit RMB 1.611 Billion, Up 15.7%

JD.com Q1 Earnings: Revenue Up 4.9%, Net Profit Down 53% as New Business Segment Suffers Massive Losses

Profund Advisors LLC Reduces Stake in Alibaba

Baidu Qianfan Launches Token Welfare Package: Multi-Model Support with Prices Up to 50% Off

Media focuses on controversy surrounding Meituan due to platform management issues

UOB Kay Hian Report Says Baidu Q1 Earnings Beat Expectations, Maintains Buy Rating with HKD 178 Target

Tencent Open Sources AgentDB to Solve AI Agent Memory Issues, Long-term Memory Accuracy Significantly Improved

SPDB Reiterates 'Buy' Rating on Alibaba (9988.HK)

Goldman Sachs Reaffirms Buy Rating on Tencent with HKD 700 Target Price

Tencent WeChat AI Team Wins ICASSP Best Industrial Paper Award, First for Chinese Enterprise

Alibaba Releases Qwen3.7 Max/Plus Previews, Ranked No.1 in China on Arena

Analysis of Baidu's Q1 2026 Earnings Call

CLSA forecasts Meituan's Q1 food delivery losses to shrink to 7B, maintains Outperform rating

Media follows up on the progress of paying social security for food delivery riders

Omdia Report: Alibaba Cloud's Share in China's AI Cloud Market Rises to 38.1%, Staying No.1 in 2025

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Wellgistics Health

Huachen AI Parking Management Tech

GeoVax Labs

Sunshine Biopharma

AIM ImmunoTech

Virax Biolabs

NextNRG

GCT Semiconductor

YINN

MCHI

TENCENT has launched the public beta of its AI design agent platform, Ardot, which generates editable design drafts from natural language interface requirements. The platform supports real-time collaboration, comments, and version comparison, and includes an intelligent permission center. A WeChat Mini Program for Ardot will be available soon.

AASTOCKS News

Direxion FTSE China Bull 3X

iShares MSCI China

Comm Servcies Select Sector SPDR

TENCENT Launches Public Beta of In-house AI Design Agent Platform Ardot, Generates Editable Design Drafts with One Sentence

On May 15, Eastern Time, Krne Csi China Internet options saw a total of 290488 contracts traded, with calls accounting for 86% and puts making up 13%.

Options Flow

Trending | KWEB Decreases 3% last Friday, Some Put options Soar 160%

J.P. Morgan has reaffirmed its Buy rating for Tencent Holdings, setting a price target of HK$690.00, while the shares closed at HK$460.20. Additionally, CGS International also issued a Buy rating, but Mizuho Securities maintained a Hold rating on the same day.

- J.P. Morgan analyst maintained a Buy rating on Tencent Holdings with a price target of HK$690.00 as of May 14, while shares closed at HK$460.20.  
- CGS International also issued a Buy rating for Tencent Holdings the same day.  
- Conversely, Mizuho Securities kept a Hold rating on the stock on May 14.

Tip Ranks

JPMorgan Chase

Mizuho Financial

Mizuho Financial Group, Inc.

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

J.P. Morgan Sticks to Its Buy Rating for Tencent Holdings  (TCTZF)

KBAB

BABX

EBIZ

BABO

In a report released yesterday, from CSC Financial maintained a Buy rating on Alibaba Group Holding Ltd., with a price target of HK$208.71.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$202.00 price target.

- CSC Financial has maintained a Buy rating on Alibaba Group Holding Ltd., setting a price target of HK$208.71.  
- Similarly, DBS has also issued a Buy rating with a price target of HK$202.00.  
- Both ratings indicate a positive outlook for the company's stock performance.

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

YieldMax BABA Option Income Strategy ETF

CSC Financial Remains a Buy on Alibaba Group Holding Ltd. (9988)

In a report released yesterday, from HSBC maintained a Buy rating on Tencent Holdings , with a price target of HK$720.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a HK$780.00 price target.

- HSBC maintained a Buy rating on Tencent Holdings with a price target of HK$720.00 in a report released yesterday.  
- Bernstein also upheld a Buy rating for the company, setting a higher price target of HK$780.00.  
- These consistent positive ratings suggest strong confidence in Tencent Holdings from major financial institutions.

HSBC HOLDINGS

HSBC

AllianceBernstein

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC Keeps Their Buy Rating on Tencent Holdings  (TCTZF)

Poll: Fed to cut fed funds rate at least once this year, said 48 of 101 economists (71 of 103 in April poll)

Unusual Whales

Poll: Fed to cut fed funds rate at least once this year, said 48 of 101 economists (71 of 103 in April poll)

Kevin Warsh will be sworn in as the new chair of the US Federal Reserve on Friday, succeeding Jerome Powell. His arrival coincides with a significant drop in rate cut expectations, with only a 38.2% chance of cuts by 2026. Warsh is perceived as more hawkish on inflation, which contrasts with President Trump's push for immediate rate cuts. His first major policy test will be at the June 16 Federal Open Market Committee meeting, amid concerns about potential conflicts of interest due to his investments in AI and crypto companies.

CoinLive

Market News: Kevin Warsh Takes Over as Fed Chair Friday as Rate Cut Hopes Hit Historic Lows

Kevin Warsh has been confirmed as the new chairman of the US Federal Reserve. While he asserts commitment to the Fed's independence, concerns arise about potential government influence. Warsh has criticized the Fed's interest rate strategies, reflecting some of President Trump's views, which may impact bond investors.

Businesstimes News

What bond investors should know about a Warsh-led Federal Reserve

CMB International Securities analyst Saiyi He has reiterated a Buy rating on Tencent Holdings (TCTZF), setting a price target of HK$750.00. The current analyst consensus for Tencent is a Strong Buy, with an average price target of HK$717.24. He specializes in the Communication Services sector and has an average return of 8.0% with a 49.86% success rate on his stock recommendations.

- Saiyi He from CMB International Securities reaffirmed a Buy rating on Tencent Holdings, setting a price target of HK$750.00.  
- He specializes in the Communication Services sector, covering Tencent Holdings and associated companies, achieving an average return of 8.0% with a 49.86% success rate.  
- The current analyst consensus for Tencent Holdings is a Strong Buy, with an average price target of HK$717.24.

Tencent Music

iQIYI

TME-SW

Tencent Holdings  (TCTZF) Receives a Buy from CMB International Securities

In a report released yesterday, from UBS maintained a Buy rating on Tencent Holdings , with a price target of HK$780.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Tencent Holdings has an analyst consensus of Strong Buy, with a price target consensus of HK$718.80.

- UBS has reaffirmed a Buy rating on Tencent Holdings, setting a price target of HK$780.00.  
- The analyst consensus for Tencent Holdings is categorized as Strong Buy, with a price target consensus of HK$718.80.  
- This positive outlook indicates confidence among analysts regarding Tencent's market potential.

UBS Group AG

UBS Sticks to Their Buy Rating for Tencent Holdings  (TCTZF)

$Krne Csi China Internet(KWEB.US) is filling the final bearish FVG while basing at key support, with confluence at the lower boundary of the Ichimoku cloud.China has been in a deflationary regime, but policy is now inflecting toward consumption stimulus.This is one of the few asymmetric setups left.Source: Kapital Trader

The key issue isn’t whether taxes go up overnight, but how services gradually move from “growth” to “mature” tax brackets.

Thanks for information sharing 👍

Fattycat

JD Return Rate

BABA Diamond Holder

$Krne Csi China Internet(KWEB.US) This is a bit less. I usually don't like to buy too much ETF.

KraneShares CSI China Internet UCITS ETF

$Krne Csi China Internet(KWEB.US) No words, just gonna hit you at market open tonight!

Recently, the (international) macro environment has been quite turbulent, with Trump firing on all cylinders. In contrast, it's been relatively quiet for us, which, compared to the strong anti-China rhetoric of his aides, makes him seem like the least anti-China figure in the entire administration. Someone raised a hypothesis: Given China's years of thorough preparation and response, coupled with the inflationary pressures in the U.S., is there a possibility that imposing tariffs on the East now might shift from the previous 'inflict 1,000 losses on the enemy while suffering 800 ourselves' to 'inflict 800 losses on the enemy while suffering 1,000, or even 2,000 ourselves'? If so, could this lead to some actual compromises, 'raising high...'

You play dirty, I play dirtier.

$Direxion FTSE China Bull 3X(YINN.US) Reuters reported at 16:30, the pre-market trend was initially confident, then hesitated, and then regained confidence...$Direxion FTSE China Bear 3X(YANG.US)$Krne Csi China Internet(KWEB.US)

Direxion FTSE China Bear 3X

$Roundhill China Dragons ETF(DRAG.US) looks quite illiquid, and it seems pretty similar to these three ETFs, with NetEase having a higher weight $iShares China Large Cap(FXI.US)$Krne Csi China Internet(KWEB.US)$iShares MSCI China(MCHI.US)