What "Lying Flat" Is Really All About
The “lying flat” (Tang Ping) movement, which began as a minimalist lifestyle rejecting China’s 996 work culture, has been recast by the Ministry of State Security as a political threat in April 2026. Youth unemployment remains high at 16.9% as of March 2026, yet social unrest is muted thanks to tight state control and a generational safety net. The phenomenon is rooted in a shift from fear‑driven labor to a purpose‑deficit mindset, amplified by deflation and abundant parental support. Investors are now scanning sectors that cater to a leisure‑oriented, purpose‑seeking youth.
Total Shareholder Return: The New Playbook for Chinese Equities
Chinese equities are transitioning from a growth‑centric narrative to an income‑focused playbook as regulators, low domestic rates, and a slowing economy drive higher shareholder returns. In 2025, A‑share listed companies paid a record 2.64 trillion CNY (≈$370 bn) in dividends and executed buybacks...
Our View on Chinese Assets: April 2026
Baiguan Pro released its April 2026 view on Chinese assets, highlighting a continued rise in the China Resident Risk Appetite Index (CRRAI) to -0.08, just shy of the neutral zero line. The firm notes that foreign institutional sentiment toward A‑shares...
Data Update — March 2026
Baiguan announced the launch of Baiguan Pro, a professional‑tier subscription delivering monthly Chinese equity outlooks, quarterly sector themes, and deeper company analysis. Existing paid subscribers receive a complimentary upgrade if they respond by June 30, 2026. The March 2026 data...
POP MART: No Longer a Playground for Hedge Funds, but Interesting for Long Money?
POP MART’s shares plunged over 30% in five sessions after its earnings release, wiping out roughly US$13 billion in market value. The drop was driven by slower overseas revenue growth—down from a 440% YoY surge in H1 2025 to 243% in...
When a Handbag Brand Makes Better Podcasts than Podcasters
Chinese luxury brands are abandoning the short‑video‑first playbook, targeting affluent urban women who are growing weary of Douyin and Xiaohongshu. Brands like GIADA and Songmont have launched long‑form podcasts on Xiaoyuzhou FM, amassing over a million and 140,000 subscribers respectively....