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On January 22, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A reporter from Iraqi Rudao TV asked, "A Syrian Foreign Ministry official stated that the Chinese government has not yet formally requested the Syrian government to repatriate members of the East Turkistan Islamic Movement (ETIM). What is Chinas response to this?" Guo Jiakun responded, "The ETIM is a terrorist organization recognized by China in accordance with the law and listed by the UN Security Council. Syria has pledged not to allow any entity to use Syrian territory to engage in activities that harm Chinas security, sovereignty, and interests."January 22 – Foreign Ministry Spokesperson Guo Jiakun held a regular press conference on January 22. An AFP reporter asked about US President Trumps scheduled signing ceremony for the "Peace Commission" in Davos, Switzerland today, noting that approximately 35 of the 50 invited leaders have accepted the invitation. What is Chinas comment on this? Is China considering participating? "We have already answered the question about the Peace Commission, and we have no further information to add at this time," Guo Jiakun said.On January 22, in response to remarks made by a NATO spokesperson regarding Greenland, Foreign Ministry spokesperson Guo Jiakun stated at a regular press conference that China consistently advocates handling relations between countries in accordance with the purposes and principles of the UN Charter. The so-called "China threat" is baseless, and China opposes fabricating baseless accusations and using China as a pretext for pursuing selfish interests.On January 22, Goldman Sachs issued a research report, raising its earnings forecasts for Hua Hong Semiconductor (01347.HK) by 1% for 2027 to 2029, citing recent signs of price increases. This upward revision is primarily based on a more optimistic revenue outlook (2027-2029 forecasts increased by 1% to 2%). Goldman Sachs expects stronger revenue growth, as demand for specialty technology chips (such as power management ICs and image sensors) will also benefit from growth in AI servers and AI intelligent edge devices. With continued high capacity utilization, the bank anticipates Hua Hong will have more room to optimize its order structure, leading to stronger revenue and profit performance. As a leading wafer foundry in China, Goldman Sachs expects Hua Hong to directly benefit from the demand recovery trend, with its solid gross margin improvement and optimized capacity utilization indicating stronger earnings per share growth potential. The bank reiterated its "Buy" rating on Hua Hong Semiconductor and raised its target price from HK$117 to HK$134.On January 22nd, BOC International issued a research report stating that Pop Marts (09992.HK) share price has been under pressure since the end of 2025 due to market concerns about the waning popularity of Labubu and slowing growth. However, the bank believes that most concerns are an overreaction, and the share buyback program initiated by the company on January 19th should restore market confidence. Furthermore, Pop Marts financial report disclosed that it repurchased 500,000 shares in Hong Kong yesterday. BOC International expects that with the launch of new products, Labubu will remain a key pillar in sales this year, while other IPs will also improve their performance as overseas consumers become more familiar with them. Therefore, the bank still believes that Pop Mart will maintain strong momentum in overseas expansion and expects revenue and net profit to achieve strong year-on-year growth of 32.8% and 37.6% respectively this year, based on a 2026 forecast P/E ratio of 20. The target price was lowered from HK$405.6 to HK$291.9, but the "Buy" rating was reiterated.

Jupiter, Yarbrough Among Investors Who Sold Coinbase Before Big Fall

Skylar Shaw

May 17, 2022 09:48

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According to records posted on Monday, Jupiter Asset Management, Azora Capital LP, and billionaire Jon Yarbrough's family office were among the funds who sold all of their shares in cryptocurrency business Coinbase Global Inc before the company plunged over 30% to record lows in early May.


Cathie Wood's ARK Innovation fund, on the other hand, continued to add to its holding in Coinbase over the same time - the quarter ending March 31 – according to the disclosures.


Coinbase, the biggest cryptocurrency exchange in the United States, slumped after missing profit projections and reporting lower trading volumes as bitcoin's value plunged to 17-month lows. The company's stock dropped 3.6 percent on Monday, bringing its year-to-date loss to 74 percent.


According to regulatory filings, Jupiter Asset Management sold 73,441 shares of the business in the quarter ended March 31, while Azora Capital sold 43,290 shares and Yarbrough Capital sold 16,968.

Meanwhile, Tiger Global reduced its position in the business by around 70%, leaving it with 836,597 shares.


Though they are backward-looking and do not indicate current holdings, securities filings known as 13-Fs are one of the few public methods to view what hedge funds and other institutional investors own in their portfolios.


According to regulatory filings, ARK Innovation, Wood's ETF, added slightly more than 1.5 million shares of Coinbase during the quarter, the largest of any fund. At the end of March, the fund had little less than 7 million shares. The company's stock has the tenth greatest position.