精选观点 & Webinar
The Chinese economy continues to normalize across the board at an impressive rate, leading to the strong likelihood of it beating the current Bloomberg consensus GDP estimate growth rate of around 2% for 2020.
Oct 06, 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 09, 2020
在经历今年首季度的急剧抛售后，全球股市在近几个月表现亮眼。这个反弹看似是典型的非理性“大爆发”，因为全球主要经济体正在或即将进入衰退期，且全球新冠肺炎疫情仍未见缓和之势；然而，从另一方面而言，这具前瞻性的市场走势，可能反映出投资者已走出疫情阴霾，整装以待争相捕捉股市V型反弹所带来的投资机遇。 中国A股市场既拥有稳健的基本面，又具相当吸引人的估值。因应全球股市下跌，投资者可考虑稳步增持中国A股。本篇文章中，我们将简述当前市场动态与如何精准捕捉中国A股反弹的增长机会。
Sep 04, 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 01, 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
In the midst of a US tech bubble, Chinese and Hong Kong equities have emerged in the sweet spot between valuations, profitability and balance sheet strength.
Aug 18, 2020
Are US indices rallying because of COVID-19? The most common narrative is that “US stocks have been rising despite the pandemic.” Perhaps a more accurate explanation is “US stocks have been rising because of the pandemic”.
Aug 12, 2020
Premia 图说
朱荣熙
The macroeconomic landscape is shifting rapidly, driving a brutal global bond selloff that has pushed yields to nearly two-decade highs. Rising oil prices and firmer-than-expected July PCE data—featuring a rebound in core goods that points to underlying inflation of around 3%—are reigniting inflation concerns. This has triggered a retreat across sovereign debt markets, from Japan and Australia to US Treasuries, where the 10-year yield recently hit its highest level since January of last year. Against this backdrop, monetary policy is becoming a source of volatility rather than clarity. While Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole hinting at potential rate hikes, bond investors remain deeply skeptical. Given Warsh’s history of mixed signals, markets are actively hedging against the risk that the Fed ultimately keeps rates steady. Compounding this policy uncertainty is a resurgence in equity turbulence driven by protectionist trade measures, including impending semiconductor tariffs and bans on foreign energy grid equipment. This volatile combination of unpredictable central bank action, equity turbulence, and a severe selloff at the long end of the yield curve makes the stability of Floating Rate Notes (FRNs) exceptionally appealing. FRNs structurally insulate portfolios from the duration risk currently punishing traditional bonds, while retaining the flexibility to capture higher yields if the Fed does hike. Even if rates simply remain steady, FRNs provide a reliable, premium income stream. For efficient, liquid access to this defensive strategy, the Premia US Treasury Floating ETF (available in Distributing and Accumulating Unit Classes) offers a targeted solution to navigate today's complex market dynamics.
Sep 07, 2026
