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

<p>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.</p>

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.

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

MSCI AC Asia Pacific Excluding Japan Index

MSCI AC Asia ex Japan Index (MXASJ INDEX)

Hong Kong: Its Not All Gloom