2803 (港元) | 9803 (美元)
3173 (港元) | 9173 (美元)
3181 (港元) | 9181 (美元)
2810 (港元) | 9810 (美元)
2804 (港元) | 9804 (美元)
3077 (港元) | 9077 (美元)
The COVID-19 pandemic could accelerate new thinking about Emerging Markets in asset allocations.
Sep 23, 2020
China economy recovered faster than the rest of the world from the pandemic as shown by various economic indicators ranging from official PMI, GDP number, steel output, excavator sales, to traffic data. China’s solid macro recovery stands out from the rest of the major economies which either remain in a lock-down mode or simply begin to resume economic activities. That explains Chinese listed companies outperformed in terms of earnings and stock price performance.
Sep 10, 2020
An overdue technical rebound in the US Dollar – which started a week ago – may give investors an opportunity to diversify their currency holdings away from the Greenback. What is emerging could well turn out to be a counter-trend rally in a bigger, multi-year Dollar decline.
Sep 9, 2020
CSI 300 outperforms S&P 500, Chinese tech outruns Nasdaq 100. How has China’s new economy sectors including its recently launched “Nasdaq” – the STAR board (Shanghai Stock Exchange’s Science and Technology Innovation Board) – outperformed global indices despite being at the center of a trade-tech war with the United States?
Sep 1, 2020
Highest recorded yield spread between the China 10Y Government Bond and the 10Y UST. The yield spread between the China 10-year government bond over the 10-year US Treasury recently hit its widest ever recorded level.
Aug 25, 2020
China consumers eventually open their wallets and begin to spend on discretionary items. Retail sales rose for the first time this year in August, up by 0.5% year-on-year. The macro economic recovery from Covid-19 accelerated, spurred by a rebound in consumption with sales of goods up 1.5% whilst spending on catering shrank at a slower pace. Telecom equipment, cosmetics and jewelry topped the recovery items. Pushing consumers to drive more macro growth has been a central policy for the past decade and had been showing initial success, with consumption comprising an average of 64% of GDP in 2016-2019, up from 54% in the previous five years. It is expected that the top leaders will lay out their economic strategy in the 14th five-year plan that will include a new ambition to ramp up domestic consumption. Bain & Company estimates that China will overtake Americas and Europe to become the largest luxury market by 2025.