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China Bedrock Economy

China Bedrock Economy

A multi-factor approach to capture high quality contributors to China's real economy growth

자세히
China A Bedrock

2803 (HKD) | 9803 (USD)

# A-shares# Smart Beta# Multi-factor# Value# LowVol# Size# Quality
China A New Economy

3173 (HKD) | 9173 (USD)

# A-shares# New Economy# NewInfrastructure# 14FYP# QualityGrowth# 2060 net-zero
Premia China STAR50 ETF

3151 (HKD) | 83151 (RMB) | 9151 (USD)

# A-shares# STAR BOARD# Semiconductor# AI# Biotech# 2060 net-zero
Asia Innovative Tech and Metaverse

3181 (HKD) | 9181 (USD)

# Smart EV# AI# Robotics# Automation# 5G# eSports# Semiconductor
Emerging ASEAN Titans

2810 (HKD) | 9810 (USD)

# Vietnam# Thailand# Malaysia# Philippines# Indonesia
MSCI Vietnam

2804 (HKD) | 9804 (USD)

# Supply Chain# Middle Income Class# Consumption Upgrade
China Government Bonds (Unhedged)

2817 (HKD) | 82817 (RMB) | 9817 (USD)

China Government Bonds (USD Hedged)

9177 (USD) NEW

# China Bonds# Long Duration# Government Bonds# RMB# Index Inclusion# USD Hedged
China USD Property Bonds

3001 (HKD) | 83001 (RMB) | 9001 (USD)

# China Bonds# High Yield# USD# Asia Credit
US Treasury Floating Rate (Dis)

3077 (HKD) | 9077 (USD)

US Treasury Floating Rate (Acc)

9078 (USD)

# 3-month T bills# One Week Duration# Tax Efficient
China A Bedrock
2803 (HKD) | 9803 (USD)
China A New Economy
3173 (HKD) | 9173 (USD)
Premia China STAR50 ETF
3151 (HKD) | 83151 (RMB) | 9151 (USD)
Asia Innovative Tech and Metaverse
3181 (HKD) | 9181 (USD)
Emerging ASEAN Titans
2810 (HKD) | 9810 (USD)
MSCI Vietnam
2804 (HKD) | 9804 (USD)
China Government Bonds (Unhedged)
2817 (HKD) | 82817 (RMB) | 9817 (USD)
China Government Bonds (USD Hedged)
9177 (USD)
China USD Property Bonds
3001 (HKD) | 83001 (RMB) | 9001 (USD)
US Treasury Floating Rate (Dis)
3077 (HKD) | 9077 (USD)
US Treasury Floating Rate (Acc)
9078 (USD)

주요 인사이트 & 웨비나
premia headline
It was challenging for global investors to find a market that could offer a positive return in 2022. China market can’t escape from the selloff, with H-shares, A-shares and ADRs down by 20% to 29% in dollar return in the first eleven months of the year. The market turnover was shrinking whilst foreign investors were net selling. Internally, the frequent COVID-lockdowns, a property market slump, an ongoing Internet scrutiny, and the deteriorating bilateral relationship between China and the US all contributed to the bearish sentiment in Chinese equities. Externally, the Ukraine-Russia war, high inflationary pressure, an accelerated rate hike cycle, and strengthening dollar have further weakened investors’ confidence towards risky assets.
2022년 12월 2일
It was challenging for global investors to find a market that could offer a positive return in 2022. China market can’t escape from the selloff, with H-shares, A-shares and ADRs down by 20% to 29% in dollar return in the first eleven months of the year. The market turnover was shrinking whilst foreign investors were net selling. Internally, the frequent COVID-lockdowns, a property market slump, an ongoing Internet scrutiny, and the deteriorating bilateral relationship between China and the US all contributed to the bearish sentiment in Chinese equities. Externally, the Ukraine-Russia war, high inflationary pressure, an accelerated rate hike cycle, and strengthening dollar have further weakened investors’ confidence towards risky assets.
2022년 12월 2일

Q3 2022 China A-shares factor review
After finishing Q2 as the only emerging market in positive territory, the effects of zero-COVID policy, a continued slump in the property market, and weakening global demand pushed Chinese stocks to the bottom of the EM index in Q3. The CSI 300 Index dropped by -14.3% over the three months from July to September 2022. Below, we offer deeper insights into third-quarter performance—including some bright spots among state-owned enterprises and technology with a policy tailwind—along with our thinking on October’s National Congress and what the rest of the year might have in store.
2022년 10월 31일
After finishing Q2 as the only emerging market in positive territory, the effects of zero-COVID policy, a continued slump in the property market, and weakening global demand pushed Chinese stocks to the bottom of the EM index in Q3. The CSI 300 Index dropped by -14.3% over the three months from July to September 2022. Below, we offer deeper insights into third-quarter performance—including some bright spots among state-owned enterprises and technology with a policy tailwind—along with our thinking on October’s National Congress and what the rest of the year might have in store.
2022년 10월 31일

China healthcare: taking stock of growth drivers inside Premia China new economy strategy
Unlike in developed markets, healthcare is actually a growing “new economy” sector in China that offers tremendous opportunities for global investors. As the Chinese economy evolves, the sector also enjoys fundamental tailwinds such as rising demand for healthcare and wellness services as living standards improve, and an aging population with low birth rates. Meanwhile being a growth sector with public interest concerns that is also popular among retail investors, the healthcare sector also experiences volatility swings and regulation tailwinds from time to time such that taking a diversified approach with consideration for fundamentals may be more optimal. In this article, we would take a closer look at the various underlying sub-segments, review their characteristics and also highlight some of the leading A-share companies driving the growth opportunities in their respective space.
2022년 9월 20일
Unlike in developed markets, healthcare is actually a growing “new economy” sector in China that offers tremendous opportunities for global investors. As the Chinese economy evolves, the sector also enjoys fundamental tailwinds such as rising demand for healthcare and wellness services as living standards improve, and an aging population with low birth rates. Meanwhile being a growth sector with public interest concerns that is also popular among retail investors, the healthcare sector also experiences volatility swings and regulation tailwinds from time to time such that taking a diversified approach with consideration for fundamentals may be more optimal. In this article, we would take a closer look at the various underlying sub-segments, review their characteristics and also highlight some of the leading A-share companies driving the growth opportunities in their respective space.
2022년 9월 20일

Climate change in practice: deciphering the energy situation in Sichuan
Sichuan has a very real climate change issue to manage this year. After extreme heatwave and drought causing power rationing for industrial users for two weeks, the province is now quickly re-gearing for Level IV flood emergency alert. While most factories are able to resume production now, should we be concerned especially with memories from the power crunch actions last year? What would be the impacts and ripple effects we should pay attention to? In this article we reviewed the background triggering the Sichuan situation, and why we believe the power rationing events are more pre-emptive in nature and energy security is very carefully managed in the planned economy of China.
2022년 8월 31일
Sichuan has a very real climate change issue to manage this year. After extreme heatwave and drought causing power rationing for industrial users for two weeks, the province is now quickly re-gearing for Level IV flood emergency alert. While most factories are able to resume production now, should we be concerned especially with memories from the power crunch actions last year? What would be the impacts and ripple effects we should pay attention to? In this article we reviewed the background triggering the Sichuan situation, and why we believe the power rationing events are more pre-emptive in nature and energy security is very carefully managed in the planned economy of China.
2022년 8월 31일

환헤지를 할까요, 말까요? 아시아 최초 RMB 비환헤지형 및 USD 환헤지형 옵션을 모두 갖춘 중국국채 및 정책은행채권 ETF
세계 시장은 인플레이션과 경기 불황 위험이 고조되는 가운데 2022년 현재까지 더 높은 변동성을 마주하고 있다. 미국 금리인상 사이클로 인한 달러 강세가 대부분의 외화표시 자산들의 달러수익률을 더욱 압박하고 있다. 이번 인사이트에서는 동종상품들 중에서는 아시아 최초로 USD 환헤지 기능을 제공하는 Premia China Treasury and Policy Bank Bond Long Duration ETF USD 환헤지형(9177.HK)을 추가한 이유에 대해 기술할 예정이다. 미국의 지속적 금리 인상 속 시가평가(MTM) 리스크를 염두에 둔 투자자와 장기 듀레이션 상품에 대한 자산배분이 필요한 자산가들을 위해, Premia China Treasury and Policy Bank Bond Long Duration ETF는 강력한 A1 국채 신용등급을 보유한 중국 장기국채 및 정책은행 채권에 투자접근성을 제공하는 특별한 투자도구로, 3% 이상의 경쟁력 있는 수익률과 안정적인 수익률 변동성, 그리고 이제는 USD 환헤지형 상품을 통해 위안화의 환율 위험을 최소화하면서도 중국 국채의 안정적인 수익률까지 잡을 수 있는 추가 옵션까지 제공한다.
2022년 8월 26일
세계 시장은 인플레이션과 경기 불황 위험이 고조되는 가운데 2022년 현재까지 더 높은 변동성을 마주하고 있다. 미국 금리인상 사이클로 인한 달러 강세가 대부분의 외화표시 자산들의 달러수익률을 더욱 압박하고 있다. 이번 인사이트에서는 동종상품들 중에서는 아시아 최초로 USD 환헤지 기능을 제공하는 Premia China Treasury and Policy Bank Bond Long Duration ETF USD 환헤지형(9177.HK)을 추가한 이유에 대해 기술할 예정이다. 미국의 지속적 금리 인상 속 시가평가(MTM) 리스크를 염두에 둔 투자자와 장기 듀레이션 상품에 대한 자산배분이 필요한 자산가들을 위해, Premia China Treasury and Policy Bank Bond Long Duration ETF는 강력한 A1 국채 신용등급을 보유한 중국 장기국채 및 정책은행 채권에 투자접근성을 제공하는 특별한 투자도구로, 3% 이상의 경쟁력 있는 수익률과 안정적인 수익률 변동성, 그리고 이제는 USD 환헤지형 상품을 통해 위안화의 환율 위험을 최소화하면서도 중국 국채의 안정적인 수익률까지 잡을 수 있는 추가 옵션까지 제공한다.
2022년 8월 26일

The rise and rise of the Chinese economy
Notwithstanding the cautious sentiment towards Chinese equities over the past year, the fundamentals suggest that it would be increasingly difficult to ignore Chinese equities as its economic heft and importance continues to grow. In this article, our Senior Advisor Say Boon Lim analyzes the fundamentals of the Chinese economy and why it makes sense for global allocators to deploy Chinese equities for diversification and growth opportunities as the alternative would be a deliberate underweight decision for a large part of the world's GDP and the key driver for global productivity growth.
2022년 8월 11일
Notwithstanding the cautious sentiment towards Chinese equities over the past year, the fundamentals suggest that it would be increasingly difficult to ignore Chinese equities as its economic heft and importance continues to grow. In this article, our Senior Advisor Say Boon Lim analyzes the fundamentals of the Chinese economy and why it makes sense for global allocators to deploy Chinese equities for diversification and growth opportunities as the alternative would be a deliberate underweight decision for a large part of the world's GDP and the key driver for global productivity growth.
2022년 8월 11일
인사이트 더보기
주간 차트
  • Alex Chu
    Alex Chu

    Director and Portfolio Manager

Investors are more optimistic about China’s economy as more policies have been rolled out after the 20th National Congress, such as some supportive measures to the property sector and some relaxations on the COVID restrictions to reopen the economy. More recently, NDRC director He Lifeng, a potential candidate for succeeding Liu He, commented that the next stage of development will be centred around core technology and the digital economy and that China should lay out the infrastructure in advance to promote innovation and autonomy in those areas. Some onshore brokers think that may be a signal to ease the regulator crackdown on the internet and software industries. The gaining of investors’ interests in China’s stock market could be observed in the outstanding amount of call options in one of the largest A-shares ETFs listed in the US, FXI, which has shot up to an unprecedented level in 5 years. Premia Partners offers ETFs which have more precise exposure. Investors who would like to get exposure to the traditional sectors, such as Financials and Real Estate, may have a look at our Premia CSI Caixin China Bedrock Economy ETF. Those who would like to get exposure to the new economy sectors, such as Information Technology and Healthcare, may have a look at our Premia CSI Caixin China New Economy ETF.
2022년 11월 22일
파트너들의 인사이트
주간 차트
  • Alex Chu
    Alex Chu

    Director and Portfolio Manager

Investors are more optimistic about China’s economy as more policies have been rolled out after the 20th National Congress, such as some supportive measures to the property sector and some relaxations on the COVID restrictions to reopen the economy. More recently, NDRC director He Lifeng, a potential candidate for succeeding Liu He, commented that the next stage of development will be centred around core technology and the digital economy and that China should lay out the infrastructure in advance to promote innovation and autonomy in those areas. Some onshore brokers think that may be a signal to ease the regulator crackdown on the internet and software industries. The gaining of investors’ interests in China’s stock market could be observed in the outstanding amount of call options in one of the largest A-shares ETFs listed in the US, FXI, which has shot up to an unprecedented level in 5 years. Premia Partners offers ETFs which have more precise exposure. Investors who would like to get exposure to the traditional sectors, such as Financials and Real Estate, may have a look at our Premia CSI Caixin China Bedrock Economy ETF. Those who would like to get exposure to the new economy sectors, such as Information Technology and Healthcare, may have a look at our Premia CSI Caixin China New Economy ETF.
2022년 11월 22일
주요 인사이트 & 웨비나
premia headline
It was challenging for global investors to find a market that could offer a positive return in 2022. China market can’t escape from the selloff, with H-shares, A-shares and ADRs down by 20% to 29% in dollar return in the first eleven months of the year. The market turnover was shrinking whilst foreign investors were net selling. Internally, the frequent COVID-lockdowns, a property market slump, an ongoing Internet scrutiny, and the deteriorating bilateral relationship between China and the US all contributed to the bearish sentiment in Chinese equities. Externally, the Ukraine-Russia war, high inflationary pressure, an accelerated rate hike cycle, and strengthening dollar have further weakened investors’ confidence towards risky assets.
2022년 12월 2일
It was challenging for global investors to find a market that could offer a positive return in 2022. China market can’t escape from the selloff, with H-shares, A-shares and ADRs down by 20% to 29% in dollar return in the first eleven months of the year. The market turnover was shrinking whilst foreign investors were net selling. Internally, the frequent COVID-lockdowns, a property market slump, an ongoing Internet scrutiny, and the deteriorating bilateral relationship between China and the US all contributed to the bearish sentiment in Chinese equities. Externally, the Ukraine-Russia war, high inflationary pressure, an accelerated rate hike cycle, and strengthening dollar have further weakened investors’ confidence towards risky assets.
2022년 12월 2일

Q3 2022 China A-shares factor review
After finishing Q2 as the only emerging market in positive territory, the effects of zero-COVID policy, a continued slump in the property market, and weakening global demand pushed Chinese stocks to the bottom of the EM index in Q3. The CSI 300 Index dropped by -14.3% over the three months from July to September 2022. Below, we offer deeper insights into third-quarter performance—including some bright spots among state-owned enterprises and technology with a policy tailwind—along with our thinking on October’s National Congress and what the rest of the year might have in store.
2022년 10월 31일
After finishing Q2 as the only emerging market in positive territory, the effects of zero-COVID policy, a continued slump in the property market, and weakening global demand pushed Chinese stocks to the bottom of the EM index in Q3. The CSI 300 Index dropped by -14.3% over the three months from July to September 2022. Below, we offer deeper insights into third-quarter performance—including some bright spots among state-owned enterprises and technology with a policy tailwind—along with our thinking on October’s National Congress and what the rest of the year might have in store.
2022년 10월 31일

China healthcare: taking stock of growth drivers inside Premia China new economy strategy
Unlike in developed markets, healthcare is actually a growing “new economy” sector in China that offers tremendous opportunities for global investors. As the Chinese economy evolves, the sector also enjoys fundamental tailwinds such as rising demand for healthcare and wellness services as living standards improve, and an aging population with low birth rates. Meanwhile being a growth sector with public interest concerns that is also popular among retail investors, the healthcare sector also experiences volatility swings and regulation tailwinds from time to time such that taking a diversified approach with consideration for fundamentals may be more optimal. In this article, we would take a closer look at the various underlying sub-segments, review their characteristics and also highlight some of the leading A-share companies driving the growth opportunities in their respective space.
2022년 9월 20일
Unlike in developed markets, healthcare is actually a growing “new economy” sector in China that offers tremendous opportunities for global investors. As the Chinese economy evolves, the sector also enjoys fundamental tailwinds such as rising demand for healthcare and wellness services as living standards improve, and an aging population with low birth rates. Meanwhile being a growth sector with public interest concerns that is also popular among retail investors, the healthcare sector also experiences volatility swings and regulation tailwinds from time to time such that taking a diversified approach with consideration for fundamentals may be more optimal. In this article, we would take a closer look at the various underlying sub-segments, review their characteristics and also highlight some of the leading A-share companies driving the growth opportunities in their respective space.
2022년 9월 20일

Climate change in practice: deciphering the energy situation in Sichuan
Sichuan has a very real climate change issue to manage this year. After extreme heatwave and drought causing power rationing for industrial users for two weeks, the province is now quickly re-gearing for Level IV flood emergency alert. While most factories are able to resume production now, should we be concerned especially with memories from the power crunch actions last year? What would be the impacts and ripple effects we should pay attention to? In this article we reviewed the background triggering the Sichuan situation, and why we believe the power rationing events are more pre-emptive in nature and energy security is very carefully managed in the planned economy of China.
2022년 8월 31일
Sichuan has a very real climate change issue to manage this year. After extreme heatwave and drought causing power rationing for industrial users for two weeks, the province is now quickly re-gearing for Level IV flood emergency alert. While most factories are able to resume production now, should we be concerned especially with memories from the power crunch actions last year? What would be the impacts and ripple effects we should pay attention to? In this article we reviewed the background triggering the Sichuan situation, and why we believe the power rationing events are more pre-emptive in nature and energy security is very carefully managed in the planned economy of China.
2022년 8월 31일

환헤지를 할까요, 말까요? 아시아 최초 RMB 비환헤지형 및 USD 환헤지형 옵션을 모두 갖춘 중국국채 및 정책은행채권 ETF
세계 시장은 인플레이션과 경기 불황 위험이 고조되는 가운데 2022년 현재까지 더 높은 변동성을 마주하고 있다. 미국 금리인상 사이클로 인한 달러 강세가 대부분의 외화표시 자산들의 달러수익률을 더욱 압박하고 있다. 이번 인사이트에서는 동종상품들 중에서는 아시아 최초로 USD 환헤지 기능을 제공하는 Premia China Treasury and Policy Bank Bond Long Duration ETF USD 환헤지형(9177.HK)을 추가한 이유에 대해 기술할 예정이다. 미국의 지속적 금리 인상 속 시가평가(MTM) 리스크를 염두에 둔 투자자와 장기 듀레이션 상품에 대한 자산배분이 필요한 자산가들을 위해, Premia China Treasury and Policy Bank Bond Long Duration ETF는 강력한 A1 국채 신용등급을 보유한 중국 장기국채 및 정책은행 채권에 투자접근성을 제공하는 특별한 투자도구로, 3% 이상의 경쟁력 있는 수익률과 안정적인 수익률 변동성, 그리고 이제는 USD 환헤지형 상품을 통해 위안화의 환율 위험을 최소화하면서도 중국 국채의 안정적인 수익률까지 잡을 수 있는 추가 옵션까지 제공한다.
2022년 8월 26일
세계 시장은 인플레이션과 경기 불황 위험이 고조되는 가운데 2022년 현재까지 더 높은 변동성을 마주하고 있다. 미국 금리인상 사이클로 인한 달러 강세가 대부분의 외화표시 자산들의 달러수익률을 더욱 압박하고 있다. 이번 인사이트에서는 동종상품들 중에서는 아시아 최초로 USD 환헤지 기능을 제공하는 Premia China Treasury and Policy Bank Bond Long Duration ETF USD 환헤지형(9177.HK)을 추가한 이유에 대해 기술할 예정이다. 미국의 지속적 금리 인상 속 시가평가(MTM) 리스크를 염두에 둔 투자자와 장기 듀레이션 상품에 대한 자산배분이 필요한 자산가들을 위해, Premia China Treasury and Policy Bank Bond Long Duration ETF는 강력한 A1 국채 신용등급을 보유한 중국 장기국채 및 정책은행 채권에 투자접근성을 제공하는 특별한 투자도구로, 3% 이상의 경쟁력 있는 수익률과 안정적인 수익률 변동성, 그리고 이제는 USD 환헤지형 상품을 통해 위안화의 환율 위험을 최소화하면서도 중국 국채의 안정적인 수익률까지 잡을 수 있는 추가 옵션까지 제공한다.
2022년 8월 26일

The rise and rise of the Chinese economy
Notwithstanding the cautious sentiment towards Chinese equities over the past year, the fundamentals suggest that it would be increasingly difficult to ignore Chinese equities as its economic heft and importance continues to grow. In this article, our Senior Advisor Say Boon Lim analyzes the fundamentals of the Chinese economy and why it makes sense for global allocators to deploy Chinese equities for diversification and growth opportunities as the alternative would be a deliberate underweight decision for a large part of the world's GDP and the key driver for global productivity growth.
2022년 8월 11일
Notwithstanding the cautious sentiment towards Chinese equities over the past year, the fundamentals suggest that it would be increasingly difficult to ignore Chinese equities as its economic heft and importance continues to grow. In this article, our Senior Advisor Say Boon Lim analyzes the fundamentals of the Chinese economy and why it makes sense for global allocators to deploy Chinese equities for diversification and growth opportunities as the alternative would be a deliberate underweight decision for a large part of the world's GDP and the key driver for global productivity growth.
2022년 8월 11일
인사이트 더보기
파트너들의 인사이트