Surging TSF Buoys China in March, but Excess Capacity Exacerbated by Recession
Although real GDP contracted 6.8% YoY in 1Q, FAI grew slightly and imports and industrial output barely declined YoY in March after a massive RMB...
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China A-Share Strategy: Unexciting 1Q Earnings And Focus Shifted to Economy Reopen
China A-share companies will enter the busiest 1Q20 earning season in the next two weeks. The reported earnings so far, which accounts about 40% of...
340 Views
China A-Share Strategy: New Loan Top Record-High $1 Trillion in 1Q as Business Gradually Reopened
Chinese Central banks pumped record-high US$1 trillion into the economy in the first quarter this year, in an effort to stem the bleeding from the...
441 Views
Pakistan: Shaken, Not Stirred
We are bullish about Pakistan’s future even though the short-to-medium term economic outlook is clouded by the pandemic. Globally, the coronavirus...
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China A-Share Strategy: More Foreign Players in A-Shares and How Investment Styles Will Impact Them
China’s ownership cap for foreign shareholders in securities and fund-management firms was scrapped as of April 1. This marks a significant...
355 Views