Latest news with #China-related
The Star
3 days ago
- The Star
Chinese proficiency competition held in South Africa
CAPE TOWN, May 30 (Xinhua) -- The South Africa finals of the 24th "Chinese Bridge" Chinese Proficiency Competition for Foreign College Students took place on Friday in Cape Town, the country's legislative capital, where participants showcased remarkable language abilities and cultural talents. Hosted by the Chinese Embassy in South Africa and organized by the "Chinese Bridge" Club in Cape Town, the event was co-sponsored by Confucius Institutes across the country. This year's competition, themed "One World, One Family," consisted of three segments: a quiz on China-related knowledge, a Chinese language proficiency contest, and a showcase of Chinese cultural talents. Fifteen university students won rounds of applause and cheers from the audience. Thakane Masia, a second-year student from Rhodes University, emerged as the winner. Masia, whose Chinese name is Ma Kaini, will represent South Africa in the global finals to be held in China. Masia said the competition was intense and that all contestants performed well. She expressed her pride in winning first place and noted the value of Chinese as one of the official languages of the United Nations. Masia believed her Chinese language skills will be an asset in her future career. "With my politics degree, I also know Chinese. I can communicate with a lot of different people. It can also help if I have business or political engagement with China in the future," she said. In a video message, Chinese Ambassador to South Africa Wu Peng highlighted the role of language cooperation as a key part of people-to-people exchanges. "As an important component of people-to-people exchanges, language cooperation between China and South Africa empowers mutual understanding between our peoples and contributes to the enduring friendship between our two nations," he noted. Wu expressed hope for the contestants to find inspiration in the beauty of the Chinese language, form lasting friendships, and become active ambassadors for China-South Africa friendship and cooperation. Tang Chang'an, deputy consul general of the Chinese Consulate-General in Cape Town, attended the event, saying that language is not just about grammar or vocabulary -- it is about understanding, connection, and respect. "Through your effort and your interest in language and culture, you are helping build a stronger, more connected world," he added, encouraging the contestants to continuously bridge diverse cultures through the power of language, friendship, and shared dreams. Wu Changhong, chairperson of the "Chinese Bridge" Club in Cape Town, described the competition as a celebration of language and culture. She praised the participants for demonstrating excellent language proficiency and a deep appreciation of Chinese culture. "The event not only enhanced students' language abilities but also fostered cross-cultural understanding and built bridges between people," she said.
Yahoo
3 days ago
- Business
- Yahoo
China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%
(Bloomberg) -- A Chinese hedge fund that bought the dip in April when the nation's stocks plunged on fresh US tariffs has jumped 20% this year, extending its total return since inception a decade ago to 1,485%. NYC Congestion Toll Brings In $216 Million in First Four Months The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case Evolution Asset Management founder and Chief Executive Officer Wang Yiping pledged on social media in early April to bottom-fish China assets, even as investor angst grew over the escalating trade war. The move paid off, underscoring the advantages of combining human judgment with computer algorithms during wild market swings. 'Our confidence to buy the dip at the time came from the analytical framework we consistently emphasized — one that combines data with logic,' Wang said in a statement to Bloomberg News. 'Whether viewed from the perspective of odds or probability, adding allocations to Chinese assets was a rational choice.' Evolution Asset, which Wang set up in 2014 as a discretionary hedge fund that now manages about 13 billion yuan ($1.8 billion), has switched most of its assets into quantitative products, seeking greater efficiency and stability from computer models. The mixed-strategy fund accounts for about 40% of assets under management. After US President Donald Trump's announcement of so-called reciprocal tariffs sent global stocks tumbling, Wang said April 4 on his Weibo social media account that he would buy at least 500 million yuan of China-related assets with cash in his discretionary funds. He said he wouldn't buy 'a single penny' of US assets. As China markets slumped on April 7 when trading resumed after a holiday, Wang said he would buy core China assets like consumer stocks on the mainland and Hong Kong-listed internet firms. He declared the next day he'd filled up all positions. 'If China and the US truly halted trade relations, China will undoubtedly prove more resilient,' Wang said in his written reply, citing the nation's manufacturing prowess. Evolution's Multi-Strategy No. 1's 19.6% gain this year through May 23 extended the total since inception in March 2015 to 1,485%, according to data tracked by Shenzhen PaiPaiWang Investment & Management Co. It's the top-ranked fund over the past 10 years through April 30, the data show. The fund, which is a combination of quant and discretionary strategies, was the third-best long-only stock fund among firms managing more than 10 billion yuan for the first four months of the year, with a 15% gain. The multi-strategy series has evolved over the past decade, with its quant allocations moving up and down in line with market conditions before settling at around 90% early this year. That seems to have worked well, with the longest-running No. 1 fund beating the CSI 300 Index in all the past nine full years except 2024 — with an average excess return of about 18 percentage points. The main Evolution fund has also outperformed Hong Kong's equity gauge this year and over the past decade. The Hang Seng Index, which includes many Chinese stocks, has gained almost 16% this year, and lost about 15% over the past decade. Evolution Asset has retained some discretionary — or human — strategies because quant models can't always handle unprecedented events due to a lack of historical data, he said. 'The stock market is by no means a purely mathematical game, and no model can ever fully reflect reality,' he said. While the company has since 2016 started shifting to quant strategies, it abandoned factors generated by machine learning in 2021 and has since been only using those written by researchers as they are explicable with low correlation. Such 'logic-type' factors, like ones designed to address long-tail risks, have helped generate stable excess returns in its quant products, Wang said. Its CSI 500 enhanced index fund beat the benchmark by 2.5 percentage points for the week of April 7, the best among top quants tracked by Guolian Minsheng Securities Co. That compares with an average excess return of 0.25 percentage point among funds tracked by China Merchants Futures Co. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Piper Sandler Lifts Nvidia (NVDA) Price Target to $180, Maintains Overweight Rating
On May 29, Piper Sandler lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) stock from $150 to $180, reaffirming its Overweight rating on the shares. Harsh Kumar from Piper Sandler raised the price target on the chip maker after Nvidia's strong quarterly results. Nvidia exceeded Q1 2025 earnings and revenue estimates of Wall Street, with revenue of $44.06 billion, surpassing estimates by $813.46 million and up 69% year-over-year. The earnings came in at $0.81 per share, surpassing the $0.74 consensus. The company mentioned that Blackwell chips are in full production, playing a key role in Nvidia's growth in the global AI market. Kumar believes that the improved control over Blackwell manufacturing will help Nvidia's gross margins recover to 72% in Q2. NVIDIA Corporation made notable progress across data centers with revenues reaching $39.1 billion, reflecting a 73% growth from a year ago. Kumar praised Nvidia's 'strong April quarter,' which exceeded expectations despite China-related challenges. The analyst believes that Nvidia's core business remains solid, driven by 'insatiable demand for inference' across major partners and customers. Nvidia's $45 billion revenue forecast for Q2 is strong, even though it falls a little short of Wall Street's $45.8 billion estimate, Kumar cited. The analyst expects Nvidia's revenue to grow 22% sequentially, excluding the $8 billion impact from China, indicating the fastest growth in the last six quarters. NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics, computing, and networking solutions globally. While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
4 days ago
- Business
- Yahoo
Piper Sandler Lifts Nvidia (NVDA) Price Target to $180, Maintains Overweight Rating
On May 29, Piper Sandler lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) stock from $150 to $180, reaffirming its Overweight rating on the shares. Harsh Kumar from Piper Sandler raised the price target on the chip maker after Nvidia's strong quarterly results. Nvidia exceeded Q1 2025 earnings and revenue estimates of Wall Street, with revenue of $44.06 billion, surpassing estimates by $813.46 million and up 69% year-over-year. The earnings came in at $0.81 per share, surpassing the $0.74 consensus. The company mentioned that Blackwell chips are in full production, playing a key role in Nvidia's growth in the global AI market. Kumar believes that the improved control over Blackwell manufacturing will help Nvidia's gross margins recover to 72% in Q2. NVIDIA Corporation made notable progress across data centers with revenues reaching $39.1 billion, reflecting a 73% growth from a year ago. Kumar praised Nvidia's 'strong April quarter,' which exceeded expectations despite China-related challenges. The analyst believes that Nvidia's core business remains solid, driven by 'insatiable demand for inference' across major partners and customers. Nvidia's $45 billion revenue forecast for Q2 is strong, even though it falls a little short of Wall Street's $45.8 billion estimate, Kumar cited. The analyst expects Nvidia's revenue to grow 22% sequentially, excluding the $8 billion impact from China, indicating the fastest growth in the last six quarters. NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics, computing, and networking solutions globally. While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
CNBC
4 days ago
- Business
- CNBC
Nvidia's earnings were not exceptional. How to make money in options if gains slow down
Nvidia's fiscal first-quarter results were strong, but tempered by challenges that kept them from being exceptional. The company reported record revenue of $44 billion, up 69% year over year and surpassing analyst estimates of $43.3 billion. Data center revenue, the core driver, reached $39.2 billion, close to estimates and up 73% year on year, driven by robust demand for AI chips. Nvidia's revenue guidance for Q2 fiscal 2026 was $45 billion, in line with analyst expectations, despite an $8 billion hit from China export restrictions. CEO Jensen Huang emphasized the "booming" demand for AI hardware, particularly for Blackwell GPUs, with shipments increasing to meet the needs of hyperscalers. Gaming revenue grew 42% to $3.8 billion, automotive and robotics surged 72% to $567 million, and professional visualization rose 19% to $509 million. Nvidia shares rose 5% on the report. Investors breathed a sigh of relief that the revenue projections didn't reflect an even larger China-related shortfall. That said, China's restrictions did have an impact. NVDA 5D mountain NVDA rises after earnings The company noted in its release that it was "unable to ship an additional $2.5 billion of H20 revenue in the first quarter" due to export licensing requirements. In the earnings call, it said that "losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business going forward and benefit our foreign competitors in China and worldwide." That statement highlights that, while restricting sales to China may slow them down temporarily, it will increase demand for chips from Nvidia's competitors and provide them with additional resources to dedicate towards research and development. Put differently, an unintended consequence of restricting access to technology to potentially unfriendly countries might not only hamper one of the U.S.' most successful companies. Time will tell, but Jensen also warned that the gap between US products and Chinese alternatives is decreasing. Options premiums will certainly fall somewhat - the "vol crush" - now that some light has been shed on the effects of the new administration's policies, but the cloud has not been lifted. Consequently, I expect a measured approach to one's Nvidia positions after a near 40% rally in the stock since mid-April makes sense. The trade One way to enhance one's returns if a stock remains only modestly bullish is to sell covered calls. Perhaps 20 delta or so with an expiration of 4-6 weeks. The July 3 weekly 155 calls were 20^ ("^" is option trader shorthand for "delta") as of Wednesday's close, with 35 days until expiration. However, a bit of choppiness is anticipated in the near term as investors digest the results more fully, and it may be necessary to adjust one's strikes to identify the 20 delta calls accordingly. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
