Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

Accelerating economic integration in the Greater Bay Area is  lies at the heart of China’s strategy to win the battle for economic supremacy.  It is key to China’s future economic prosperity and, directly counters America’s China containment strategy. A hub for high-tech advanced manufacturing and modern service industries the GBA is the laboratory for China’s innovation-driven development strategy, key to the success of President Xi’s Dual Circulation economic framework and Belt&amp;Road Initiative. Beijing recognises China containment will remain the lynchpin of US foreign policy. A Biden US presidency ensures that development of the GBA is only set to speed up. For investors seeking superior returns the case for investing in GBA companies has never looked stronger.

Accelerating economic integration in the Greater Bay Area is  lies at the heart of China’s strategy to win the battle for economic supremacy.  It is key to China’s future economic prosperity and, directly counters America’s China containment strategy. A hub for high-tech advanced manufacturing and modern service industries the GBA is the laboratory for China’s innovation-driven development strategy, key to the success of President Xi’s Dual Circulation economic framework and Belt&amp;Road Initiative. Beijing recognises China containment will remain the lynchpin of US foreign policy. A Biden US presidency ensures that development of the GBA is only set to speed up. For investors seeking superior returns the case for investing in GBA companies has never looked stronger. 

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year according to latest consensus forecasts. Our out-of-consensus prediction is that economic activity in Hong Kong will grow faster than in Singapore in 2021

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year according to latest consensus forecasts. Our out-of-consensus prediction is that economic activity in Hong Kong will grow faster than in Singapore in 2021

While many emerging market economies faced with an external debt blowout are scrambling to re-schedule debt with international creditors, that is not a problem Asia faces. In most of Asia balance of payments positions are improving, international reserves are rising, and external debt positions are getting more sustainable.

While many emerging market economies faced with an external debt blowout are scrambling to re-schedule debt with international creditors, that is not a problem Asia faces. In most of Asia balance of payments positions are improving, international reserves are rising, and external debt positions are getting more sustainable.

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central bankers ease monetary policy to combat the Covid-19 economic shock but in eight of the ten countries we track CPI is running at or below year earlier levels. Importantly producer prices, are falling in most countries, implying that there are few pipeline inflation pressures. India is the exception.

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central bankers ease monetary policy to combat the Covid-19 economic shock but in eight of the ten countries we track CPI is running at or below year earlier levels. Importantly producer prices, are falling in most countries, implying that there are few pipeline inflation pressures. India is the exception.

Hong Kong has been in economic downturn since 2Q19 but is starting to show signs of recovery. An expected surge in Chinese company listings, the introduction of the wealth management connect and China’s determination to push ahead with the rollout of the Belt&amp;Road and Greater Bay Area initiatives should lend additional impetus. Tellingly despite concerns about the new security bill global multinationals are staying put and not giving up on the island economy.

Hong Kong has been in economic downturn since 2Q19 but is starting to show signs of recovery. An expected surge in Chinese company listings, the introduction of the wealth management connect and China’s determination to push ahead with the rollout of the Belt&amp;Road and Greater Bay Area initiatives should lend additional impetus. Tellingly despite concerns about the new security bill global multinationals are staying put and not giving up on the island economy.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Hong Kong Treasury (HONG KONG GOVT)

Biden, US-China Relations & Xi's Plan

For investors seeking superior returns the case for investing in GBA companies has never looked stronger. Companies are investing in next...

Sharmila Whelan

HK-Singapore - Our Money Is On HK

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year. Our out-of-consensus prediction is that economic activity in...

Sharmila Whelan

Asia External Fundamentals Improve

In the midst what can be described as a trying year, one unexpected outcome is the improvement in Asian external fundamentals.

Sharmila Whelan

Asian Inflation Risks Contained

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central...

Sharmila Whelan

Hong Kong: Its Not All Gloom

Hong Kong has been in economic downturn since 2Q19 but is starting to show signs of recovery. An expected surge in Chinese company listings, the...

Sharmila Whelan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)