Gold Beans All the Rage With China's Gen Z as Deflation Bites [BNN Bloomberg (Canada)]
CHINA MRCHNTS BK UNSP/ADR (CIHKY)
NASDAQ:AMEX Investor Relations:
english.cmbchina.com/cmbir/home.aspx
Company Research
Source: BNN Bloomberg
Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. It's part of a larger consumer trend for all things gold — from bullion to beans and bracelets — that has gripped the mainland. “It's basically impossible to lose money from buying gold,” reasoned Hong, a college freshman studying computer science in Fujian province who in January began buying gold beans because of their relatively low cost of about 600 yuan ($83) per gram. She has more than two grams of the beans and will continue buying them as long as costs are lower than international gold prices, she said. Branded as an investment entry point for young consumers, the beans, which come in glass jars, are the latest hot-selling items in Chinese jewelry stores. Generation Z consumers — buffeted by high youth unemployment and the nation's slide into deflation — are now among the top consumers of go
Show less
Read more
Impact Snapshot
Event Time:
CIHKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CIHKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CIHKY alerts
High impacting CHINA MRCHNTS BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CIHKY
News
- China Market Update: Mainland Sees Massive Buying, Hong Kong Growth Flies, Week In Review [Forbes]Forbes
- ASHR: China May Finally Be 'Investable' Again [Seeking Alpha]Seeking Alpha
- AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited [Yahoo! Finance]Yahoo! Finance
- China Merchants Bank: Pulling Back As Sector Headwinds Warrant Caution [Seeking Alpha]Seeking Alpha
- Gold Beans All the Rage With China's Gen Z as Deflation Bites [Yahoo! Finance]Yahoo! Finance