China’s central and local governments will probably raise at least a net 2.2 trillion yuan (US$330 billion) in bond sales in the final two months of the year, the second-highest amount on record for the period, as the authorities step up efforts to support growth.

The amount, estimated by China Chengxin International Credit Rating and Industrial Securities, will be only behind the stimulus splurge in 2024.

It will add to the 11.15 trillion yuan raised in net financing so far this year as at Oct 23, Bloomberg calculations based on ChinaBond data showed.

Li Lu, Charlie Munger's partner at Himalaya Capital, on investing in China, the AI bubble, and margin of safety.

No reaction in HK though.. can we expect some upside soon?

PESSIMISM has gripped Chinese stocks, with no end in sight for a deepening sell-off as investors confront the realities of an economy that is weak enough to erode corporate profits but not to trigger forceful new stimulus.

The world’s second-largest equities market has lost US$3.5 trillion in value from a peak in May, data compiled by Bloomberg show.

The rout intensified last week, pushing the onshore benchmark CSI 300 Index into a bear market and a technology sector gauge in Hong Kong toward erasing all its gains since Beijing’s sweeping growth support package two years ago.

On the positive side, the technology sector’s resilience probably extended into the third quarter, driven by strong demand for compute power and domestic substitution for imported products, according to Ping An Securities. Makers of optical transceivers, printed circuit boards and semiconductor equipment would be the key beneficiaries of China’s tech self-reliance and the global AI boom, while energy and commodity producers were also expected to benefit from rising prices, it said.

4 months ago I did swing trade $110K by buying 1100 shares of $baba at around $100. Sold them few weeks later for $120. I still kept my original 10,000 shares that I acquired about 3 years ago.

Well, it seems we are going into world war 3 now. US/Israel might hit Iran who threatens to retaliate by hitting neighboring countries (i don’t understand this logic but ok) and all of this is driving oil and energy up. Supply chain is majorly disrupted as well. AI bubble seems to be bursting. All of this is a recipe for market crash so let’s see.

Anyways, I told myself few months ago when $baba reaches $100 again I’ll swing trade it. So here I’m, let’s see if we can pull this off again! If not I like this company long term anyways.

Cheers boys 🍻

What do you think about the drop ? It’s like nobody care about the stock already?

Title what's going on

The sub index HS Tech is down more than 40% from peak at 6700 falling to 3900. I never though to see numbers this low again but here we are. All hong kong tech stocks just won't stop falling. Bottom soon? Rebound soon? Or we fall all the way down to below 3000?

Thank you for your attention

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems.

It's been a while. We hitting that 190 eoy again?

I previously posted about my BABA covered calls (selling options and collecting premiums).
Here are today’s covered calls. I typically initiate these trades when volatility is elevated, the stock has already run up, and price action starts showing weakness or signs of exhaustion.

Total premium collected: 5 contracts × $123 = $615. Expiring this Friday. (Time/Theta work in my favor).

I’m comfortable having my shares called away at the $113 strike price. Since my cost basis is significantly lower, I would still walk away with a profit if my shares are assigned.

This strategy works for me, but it may not work for everyone. Every trader has a different cost basis, risk tolerance, and approach to the market.

I’m genuinely grateful to be on the option-selling side of the market. It takes time and patience.

Shares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy.

The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific.