HK/China Equity Long-Short

Osbert Tang, CFA

Osbert Tang is an equity analyst with over 20 years of experience with focuses on China transport, infrastructure, industrials and utilities sectors. He has been based in Shanghai since 2003, accumulated nearly 20 years of on-ground knowledge on the Chinese economy and financial markets, and has a wealth of contacts with China corporates and government entities. 

Osbert has received votes from top-tier institutional investors and has been a highly-ranked transport and infrastructure analyst in the Asiamoney, Institutional Investors and Greenwich surveys. In addition to his extensive experience with international investment banks including RBS, ABN AMRO (both served as Shanghai Chief Representative), Paribas Asia Equity, Maybank Kim Eng and DBS Securities, he has been a senior analyst with Moody’s Investors Service with focus on ratings of China infrastructure and related LGFV issuers. He has also worked in the area of strategic development at Sun Hung Kai Properties Limited. 

Osbert holds a BBA from the Chinese University of Hong Kong, an MBA from the University of Texas at Austin and a MSSc in Applied Psychology from the City University of Hong Kong. He was accredited with the CFA charter in 1997, and is a member of both British Psychological Society and Hong Kong Psychological Society.

What Is the Historical HSI Moves in Next Two Months, and Will It Follow This Year?

China Strategy: Are We Still Going to Have January Effect in 2024?

Is There a January Effect in Hang Seng Index?

"Buy the Worst" HSI Strategy: Big Win in 2022 and Let's See if It Can Sustain in 2023

Thematic (Sector/Industry)

Hong kong Industrials / Thematic (Sector/Industry)

<ul>
<li>YTD, the <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index (HSI INDEX)</a> has gained 4.8%, possibly kick-starting the January effect for 2026.</li>
<li>Over the last 13 years, January has been the only month to register as the best one in a year five times, with an average return of 6.7%. </li>
<li>If we count all the months of January since 2014, its average return is 1.6%, putting it the third-best-return month after July and November.</li>
</ul>


YTD, the Hang Seng Index (HSI INDEX) has gained 4.8%, possibly kick-starting the January effect for 2026.
Over the last 13 years, January has been the only month to register as the best one in a year five times, with an average return of 6.7%. 
If we count all the months of January since 2014, its average return is 1.6%, putting it the third-best-return month after July and November.


China Strategy: January Effect, Believe It or Not?