As excitement for DeepSeek adjusts, JPMorgan warns clients: “Beware: US-China risks refocus.” The February 24 note warns that the White House’s new U.S. first investment policy could trigger a pullback in Chinese stocks after a recent rally. Indeed, U.S. President Donald Trump said on Thursday that on March 4, a 10% tariff on Chinese goods will be imposed. He said the 25% tariffs in Canada and Mexico will also be implemented on that date. Stocks in Hong Kong and mainland China fell in the news on Friday. JPMorgan’s stock proposal to add the name includes three companies related to Chinese real estate: US-listed KE Holdings and China Resource Land and China Overseas Land and Investment (known respectively as CR Land and Coli) all traded in Hong Kong. Investment companies’ overweight evaluation of all three stocks. KE Holdings has launched a major broker for apartment rental and home sales in China. CR Land and Coli are two state-owned companies that develop and manage residential and commercial properties in China. “In the coming weeks, we expect defense and value may outperform growth, while A-Shares may outperform the offshore China/HK stock index, while market debates are versus the new “Number No. 1 Investment Policy,” JPMorgan chief Chinese equity strategist Wendy Liu and a team wrote in the report. After reaching a three-year high on Thursday, Hong Kong’s Hang Seng Index fell 2.3% in a week. The CSI 300 index for major Shanghai-listed stocks in Shanghai and Shenzhen fell 2.2% this week. “We believe China is the real focus of the Trump administration and think tensions between the two largest economies in the world may be inevitable,” Nomura chief Chinese economist Ting Lu said in a Beijing Times Thursday afternoon. “While the market seems to ignore these risks at the moment, they may be at the forefront in the coming months,” he said. : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : “The joint venture, known as Izara Holdings, plans to initially invest 1.2 billion yuan (about US$160 million) in 1,500-room rental housing near a location in the Beijing Winter Olympics, and open the joint venture in 2027 not only takes advantage of the new phase of the Chinese real estate market, but ultimately also overseas markets. Ziroom is privately held. It is a client of KE Holdings, who revealed in its annual report that it has sold online marketing and agency services to Ziroom. – Michael Bloom of CNBC contributed to the report.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved