PA ANALYSIS: Another end of summer blip or something much bigger?
The end of last week and start of this has had a familiar feel about it as the point at which summer turns to autumn has once again seen investors fretting.
China
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Improving Chinese economy should keep EM calm – Kames
An improving Chinese economy should keep emerging markets calm and means the emerging nations are better placed to absorb a tightening of rates in the United States, according to Scott Jamieson, head of multi-asset at Kames Capital.
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China vulnerabilities “dangerous”, says IMF
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
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EM equities see rapid rise in retail flows
Retail investment platform Rplan saw a big increase in flows into emerging market funds over the last three months, with the notable exception of China-only investments.
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UBS AM sees $3.5trn flowing into China fixed income
The firm has ambitious plans to target on and offshore investors in China and sees the asset pool in the mainland growing signficantly, said Rene Buehlmann, head of Asia Pacific and group managing director for UBS Asset Management.
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Investors seek yield in China T-bonds
CSOP’s five-year treasury bond index tracker has been gathering assets as the RMB appears to be stabilising versus the dollar.
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Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
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China’s market links resume as Brexit worry eases
After a Brexit delay, Hong Kong’s Shenzhen market connect is “imminent” and the Shanghai-London link will go forward, according to reports.
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HSBC GAM: No Brexit shockwaves in China
Brexit has not had an impact on China’s markets, and valuations are historically cheap, the firm said.
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Axa inks strategic partnership with ecommerce giant Alibaba
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
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Despite macro events, China funds buoyant
The MSCI rejection of A-share inclusion, as well as Brexit, has had little impact on China-focused equity funds in the short-term, according to FE data.
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PA ANALYSIS: Don’t forget the trouble in China
As Brexit fatigue tightens its grip on us all, particularly those who have been writing about it for a living, and the United States gets going with its election, things have been suspiciously quiet on the China front.