3 Insights with Topic: 五年計劃
The recent sell-off in China’s new-economy sector exposes a sharp disconnect between market sentiment and robust operational fundamentals. Despite 'de-CATLization' fears drove steep valuation corrections, CATL expanded its market share, anchored by global scale, brand equity, and a high-margin energy storage business. Beyond batteries, global biotech licensing breakthroughs and localized AI hardware demand provide powerful tailwinds across innovative segments in China. Meanwhile with the premium in CATL-H over A-share, CATL-A which Premia China New Economy ETF allocates to, has also become one of the few if not only overweight-rated stock in Chinese battery universe for most analysts and allocators while CATL-H being neutral-rated. In this article, we discuss how, with valuations compressed, current level of Premia China New Economy ETF offers a timely entry point to accumulate market leaders on weakness.
Oct 23, 2026
To summarize the year of 2020, the opening lines from Charles Dicken’s A Tale of twin cities sounds like an accurate description. It was certainly the best of times and the worst of times. Global equities have been doing reasonably well with developed market up by 12.0% and emerging market up by 11.7%. Fixed income managed to gain by 7.4% whilst gold price was up by 19.1%. On the other hand, real economy has been suffering from the pandemic with almost all major economies getting into recession. International Monetary Fund sees the world would contract by 4.4% in total output, the worst crisis since the 1930s Great Depression with -5.8% among advanced economies and -3.3% on developing countries.
Dec 02, 2020