China Renaissance
China Renaissance is a Beijing-based, Hong Kong-listed investment bank and investment manager focused on China's technology and new-economy companies. Its US broker-dealer, China Renaissance Securities (US) Inc., publishes research on US-listed stocks.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 1512M
- Actions
- 1612M
- Ratings / Price targets
- 5 / 11
- Upgrades / Downgrades
- 1 / 4
- Buy-rated
- 20%of 5 rated
- Median upside
- +20.5%
- On record
- Nov 2018 – Sep 2026
Overview
China Renaissance covers Chinese internet, consumer and technology companies listed in Hong Kong and the United States. Its US unit also rates US-listed companies from other countries. In 2014, founder Bao Fan said investing in companies the firm advises helped clients see it as a partner. China Renaissance calls this its "Investment + Investment Banking" model. Its 2020 annual report said research from the investment business helps its bankers choose sectors and clients. The firm identifies long-term potential as a priority over short-term gains.
Bao Fan, a former Morgan Stanley and Credit Suisse banker, founded China Renaissance in 2005 as an advisor to Chinese startups. It obtained securities licences in Hong Kong in 2012, the United States in 2013 and mainland China in 2016, advised on the 2015 Didi–Kuaidi and Meituan–Dianping mergers, and listed in Hong Kong in 2018. Bao was detained by Chinese authorities in 2023 and resigned in 2024; Wang Lixing became chief executive in November 2024.
Milestones
- 2005
Bao Fan founds China Renaissance
- 2013
Begins licensed securities business in the United States
- 2015
Advises on Didi–Kuaidi and Meituan–Dianping mergers
- 2018
Lists on the Hong Kong Stock Exchange main board
- 2023
Founder Bao Fan detained; share trading suspended
- 2024
Trading resumes; Wang Lixing named chief executive
Firm facts
- Legal name
- China Renaissance Holdings Limited
- Type
- Boutique
- Founded
- 2005
- Headquarters
- Beijing, China
- Listing
- HKEX: 1911
- Chief Executive Officer
- Wang Lixing
- Rating scale
- BuyHoldSell12–18 months
- Also filed as
- China Renaissance Securities (US) Inc.
- Website
- chinarenaissance.com
Research philosophy
In the technology world, you need to cover companies early to understand the technology and what will happen in the future.
Rating methodology
Buy, Hold and Sell ratings measure expected performance against the benchmark index of the stock's primary exchange, such as the S&P 500 for US listings, over 12 to 18 months.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Grab Holdings LimitedGRAB | Buy | $7 |
 Apple Inc.AAPL | Hold | — |
 Bath & Body Works, Inc.BBWI | — | $20 |
 Dutch Bros Inc.BROS | — | $73 |
 Crinetics Pharmaceuticals, Inc.CRNX | — | $105 |
 EyePoint Pharmaceuticals, Inc.EYPT | — | $4 |
 Guardant Health, Inc.GH | — | $70 |
 Kinetik Holdings Inc.KNTK | — | $57 |
 Li Auto Inc.LI | Hold | — |
 Micron Technology, Inc.MU | Hold | — |
Most active analysts
- Tempus AI1 notesGH
Recent actions
| Date | Stock | Rating action | Rating | Target |
|---|---|---|---|---|
| Sep 8 | Bath & Body Works, Inc.BBWI | Target | $20 | |
| Sep 3 |  Snowflake Inc.SNOW | Target | $297 | |
| Sep 2 | EyePoint Pharmaceuticals, Inc.EYPT | Target | $4 | |
| Aug 17 | Kinetik Holdings Inc.KNTK | Target | $57 | |
| Aug 13 |  Tronox Holdings plcTROX | Target | $5 | |
| Aug 12 |  Tencent Music Entertainment GroupTME | Downgrade | Buy →Hold | |
| Aug 4 | Grab Holdings LimitedGRAB | Target | $7 | |
| Aug 4 | Apple Inc.AAPL | Downgrade | Buy →Hold | |
| Jul 2 | TCTrip.com Group LimitedTCOM | Downgrade | Buy →Hold | |
| May 22 | WRWarby Parker Inc.WRBY | Target | $30 | |
| May 20 | Dutch Bros Inc.BROS | Target | $73 | |
| May 6 | Grab Holdings LimitedGRAB | Upgrade | Hold →Buy |