A review of the performance of the US-listed stock market in one week

1. Overall performance of China-listed stocks Index

Since the establishment of the portfolio on January 1, 2015, the weighting index such as US-listed stocks has risen 318.82%, continuously outperforming the benchmark S & P 500, with a relative return of 218.29% and an annualized rate of return of 25.54%. Since its establishment, the yield performance has significantly outperformed the broader US stock market.

The index is up 1.62% year-to-date and is down 1.84% this week. Recently, due to the general adjustment of Chinese stocks, they have outperformed the S & P 500 so far this year.

Us-listed Chinese stocks fluctuated greatly this week and continued to fall. The new energy sector continued to be under pressure, with Canadian Solar Inc (CSIQ.O), Renesola Ltd (SOL.N) and JinkoSolar Holding Co Ltd (JKS.N) showing a sharp correction, down about 10 per cent. Online education stocks continued to fall under the influence of policy tightening, with GSX.N down more than 15% this week and iHuman Inc. (IH.US) down-9.24% this week.

Note: Chinese stocks and other weighted index components include 75 companies that have constructed a portfolio of equally weighted Chinese stocks, screening Chinese stocks with a market capitalization of more than 1 billion US dollars (excluding state-owned enterprises listed in many places) and adjusting them every six months.

two。 TOP10 for the rise and fall of Chinese stocks

(1) China's anti-monopoly regulator is ready to approve Tencent's plan to privatize Sogou.

Sogou (SOGO.N) surged 10.78 per cent this week after it revealed that revenue in 2020 was $924 million, down 21 per cent from a year earlier. China's antitrust regulator is ready to approve Tencent's plan to privatize Sogou: the State Administration of Market Supervision and Administration has no objection to Tencent's $3.5 billion purchase of the remaining 60 per cent of Sogou, according to media reports on Friday. and a special mechanism must be established to ensure data security.

(2) with whom to learn more supervision and fraud this week, the stock price is high.

This week the Grizzlies Institute released a report on whom Deloitte could not sign its annual audit report, raising questions about who to learn about cash flow fraud, misrepresentation of expenses, and falsification of teacher qualifications. The next day, he issued a statement firmly denying it, but the share price fell 8.73% on the same day. In addition, the increase in domestic education regulation has kept market sentiment in the doldrums, and central media have removed online education advertisements from the shelves. Affected by this, the share price has fallen by more than 15% this week.

II. Trends of key companies

1. Munger's company Daily Journal bought BABA.

Daily Journal Corp, owned by Charlie Munger, has a new position in 1Q21, BABA, with 165000 shares, with a market capitalization of $37.483 million, accounting for 19.02%. BABA's share price has continued to fall since November 2020, wiping out more than $250 billion in total market capitalization. Munger buys when market expectations for BABA are low, or to be bullish on the long-term development of the latter in the future. At present, the sales of Taobao exceeded 1 million yuan last year, an increase of 50% over 2017.

two。 Li Auto Inc. announced the pricing of $750 million convertible bonds on Thursday.

On April 8, Li Auto Inc. announced the pricing of convertible bonds of US $750 million, with 35.2818 shares of ADS convertible for every US $1000 of bonds, with a conversion price of US $per ADS28.34. The company said in an announcement that the financing will be used for: 1) the development of new models, including BEV models, or Battery Electric vehicle, battery-powered vehicles, generally pure electric vehicles. ); 2) research and development of advanced technology; 3) supplementary working capital and other general purposes.

3. The 4nm capacity of Chuantai SMC has been booked by Apple Inc, and the first product is expected to be Mac chip.

It is reported that Taiwan Semiconductor Manufacturing Co Ltd has agreed to accept an urgent order from Qualcomm Inc to contract a batch of high-end 5G chips for Qualcomm Inc to consolidate the business ties between the two sides. Foreign media said that Apple Inc also booked Taiwan Semiconductor Manufacturing Co Ltd's process capacity of 5nm, 4nm and 3nm. Separately, the company reported Friday that 1Q21 revenue beat expectations, rising 17% to 362.4 billion New Taiwan dollars (US $12.7 billion), the third consecutive quarter of record high.

4. Trip.com 's Hong Kong shares will be listed next Monday.

Trip.com is expected to officially list for trading on the Hong Kong Stock Exchange on April 19. The company plans to issue 31.6356 million common shares worldwide, of which 2.2145 million shares will be sold publicly in Hong Kong, with a ceiling of HK $333 per share. The funds raised will be mainly used for three purposes: 1) to expand Trip.com 's one-stop travel services; 2) to consolidate Trip.com 's leading position in the industry; and 3) for general corporate purposes. The company's performance has recovered well. Ching Ming Festival's total bookings increased by 300% compared with the same period last year, and many businesses reached their peak this year or even surpassed the same period in 2019 with a solid foundation.

5. UTIME LTD (UTME.US) IPO was fused several times on the first day of trading, with a maximum increase of 1050%

UTIME LTD went public on its first day of trading on Tuesday, surging 1050 per cent to its highest level in more than two decades. It rose more than 110% on Wednesday and closed down more than 48% on Thursday. Founded in 2008, the company is involved in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronic products. It also provides Electronic Manufacturing Services (EMS) for well-known brands such as TCL subsidiaries and Haier subsidiaries, including original equipment manufacturer (OEM) and original Design manufacturer (ODM) services.

III. Summary and summary

Weighting indices such as US-listed stocks are down 1.84% this week, with companies in the index falling more and rising less. Rising Chinese stocks are mainly concentrated in the Internet financial sector, Shangcheng International, 360DIGITECH, Societe Generale Technology, Futu Holdings Limited, OneConnect Financial Technology share prices rose higher this week. In addition, the new energy sector market pessimism is heavy, Canadian Solar Inc, Renesola Ltd, JinkoSolar Holding Co Ltd fell sharply; education stocks continue to be affected by policy, TAL Education Group, New Oriental Education & Technology Group share prices rebounded, but who to learn from, iHuman Inc. continued to fall sharply this week. Trip.com returned to Hong Kong to be listed for a second time, and the tide of US-listed stocks rose again.