Hubris: The China Cycle 起朱楼宴宾客
David.Weng大卫翁Nuanced analysis of China’s capital markets, macro cycles, and tech evolution. Written by David Weng, host of a leading Chinese business podcasts"起朱楼宴宾客". No sensationalism, just deep context and rigorous observation.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 177 | Founded | 8 months ago | Last Issue | 17 days ago |
| Active | |||||
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hubris2025.substack.comLatest Issues
When the Kings of the Cycle Start Lining Up to Sell
On July 13, 2022, Tianqi Lithium (9696.HK) listed in Hong Kong, the largest IPO of HKEX that year. The offer price was HK$82 per share, and the deal raised more than HK$13 billion, roughly US$1.7 billion.
The opening day itself was not exa...
Monthly Digest Issue #1, June 2026
I host Hubris: The China Cycle(起朱楼宴宾客), a Chinese-language podcast on macro, markets, and contemporary history with over 600,000 subscribers, alongside a members-only research community and a WeChat column. Almost all of it sits behind a la...
One Last Coffee in New York
My nine months as a visiting scholar in the US are nearly over.
For the very end, I wanted to close out this unusual stretch of life abroad with an event at the 725 Salon.
I’ll sit down with Bin Ouyang, who runs the salon, to talk about w...
Eng02. Private Credit: "Angel" of the AI Buildout, or "Demon" of the Next Crisis?
A quick note up front: this was the last Chinese-language episode I put out in 2025. I’m releasing it in English now because, half a year on, the subject hasn’t aged a day.
Hi everyone, I’m David Weng. This is the podcast where I chronicle...
Real China 2026: From the Annual Reports
In the annual report season just past, home appliance companies stood out as one of the few groups willing to describe in granular detail the environment Chinese companies actually face right now.
“In 2025 the United States imposed subst...
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The writers behind this newsletter.
Podcast “起朱楼宴宾客” & “犬生活” & “不熄灯Lights on”
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