精選觀點 & Webinar
So, it is official: Exit Donald Trump, enter President Joe Biden. And when the cheering and crying is done, we are likely to see that the election meant more emotionally to Americans than it does economically for the nation, or financially for the markets. The big economic and market trends are unlikely to be changed by the election.
Nov 09, 2020
The term "dual circulation” is one of the hot searches in China and receives great attention after President Xi first expressed this idea at a top official meeting held earlier this year. He then elaborated further that China’s economic model will be involving an internal circulation developing a substantial domestic market, and an external circulation deepening the international trade. The latest meeting of Communist Party’s Central Committee reinforced this policy will be the core component of the 14th five-year plan for the development between 2021 and 2025.
Nov 04, 2020
The latest economic data confirms the upward trajectory of Chinese growth, putting China on track to be the only major economy to register growth for the full year 2020. And it highlights the attractiveness of China’s asset markets and supports the case for continued outperformance against other major markets.
Oct 28, 2020
Two separate news items last week focused our attention on the gap in understanding about the rapidly changing energy landscape in China.
Oct 20, 2020
自新冠疫情爆發以來，我們觀察到許多Premia ETF的成分股為風口下的受益者，儘管面臨市場動盪、新冠疫情和中美關係惡化，這些強勢股仍持續帶領Premia ETF績效蒸蒸日上。在本場研討會中，我們的聯合首席投資官賴子健、呂靄華及銷售副總裁羅寧雨將探討與日常客戶對話中，常見的問題及熱門主題，特別是我們旗下的Premia中國新經濟ETF（3173/9173 HK），此檔ETF年初迄今績效錄得40%*，且自今年四月以來資產管理規模暴漲三倍達2.85億美元，成為香港第四大的中國A股ETF。 請點擊這裡查看討論的紀錄。*截至2020年10月12日
Oct 15, 2020
Yield curve steepening – which has been accelerating in recent weeks as the market contemplates a whopper of a stimulus package under a possible Biden White House – is likely to continue regardless of the winner on November 3.
Oct 14, 2020
彭博目前預估中國2020年平圴國內生產總值（GDP）增長率僅約2%；然而，中國經濟卻正持續全面加速正常化，提高了打破這個預測的可能性。
Oct 06, 2020
Premia 圖說
賴子健 , CFA
CFA
China government bonds have quietly emerged as one of the strongest-performing major sovereign bond markets year-to-date, standing in sharp contrast to the losses seen across most developed and emerging market fixed-income assets. While elevated crude oil prices and geopolitical tensions have reignited global inflation concerns, bond markets in the US, Europe, Japan, and several emerging economies have come under pressure as investors increasingly price in the risk of further policy tightening. US Treasury yields, in particular, have risen sharply amid growing expectations that the Federal Reserve may need to resume rate hikes by the end of this year, with other central banks potentially following suit to contain inflationary pressures. China, however, presents a very different macro and policy backdrop. While expectations for near-term rate cuts by the People’s Bank of China have faded alongside improving domestic growth, policymakers are likewise not expected to move toward tightening. The PBOC continues to maintain a supportive and “moderately loose” policy stance, while China’s inflation pressures remain relatively contained. This divergence has reinforced the defensive characteristics of China government and policy bank bonds, which continue to provide stability and steady returns while many global bond markets face ongoing capital loss risks. For institutional investors seeking duration exposure with lower inflation sensitivity and reduced tightening risk, the Premia China Treasury and Policy Bank Bond Long Duration ETF offers efficient access to one of the few major sovereign bond markets still benefiting from a supportive monetary environment.
May 28, 2026
