InvesTAO

This week we had the pleasure of moderating a dynamic discussion on "New Asian Investment Opportunities" at the IMpower Incorporating FundForum. It was a privilege to have Gabriel Yu, CFA from Ping An of China Asset Management (Hong Kong), Zhong Li from 基煜基金 Fofund Financial Services, and Mario Unali from Kairos Partners SGR joining the panel discussion, moderated by our CEO Shelley Yang CFA. Here are the Key Takeaways: 🌏 Sustainable Powerhouse: Asia is emerging as a dynamic force in sustainable investments, presenting innovative solutions and immense growth potential that can greatly enhance European markets. 📈 Evolving Landscape: While China has traditionally dominated, the Asian investment landscape is now more balanced and diverse. This transformation era sees the asset management business model evolving, with data-driven technology at its core. 🔄 Embracing Change: Change is inevitable, and Asia is the key driver of this transformation. We remain resolute on the opportunities in Asia—both green and conventional—and the mutual benefits of deepening collaboration between these regions. #IMpower #event #FundForum #esg #sustainability #investment #investing #business #crossborder #china #europe #asia #financialservices #assetmanagement

Shanghai Releases Updated Guide for Foreign Asset Managers Highlighting Key Policy Changes https://lnkd.in/gkfbegEi Crucial updates on China's capital market internationalization, regulatory policies, and Shanghai's opening-up of the fund industry are available in the 2024 edition of the Shanghai Guidebook for Overseas Asset Managers, released on Oct 10th. The handbook highlights improvements to the mainland-Hong Kong Mutual Recognition of Funds and the trading of depositary receipts under the Shanghai-London Stock Connect. It also expands on the Cross-border Interbank Payment System and capital management for Qualified Foreign Institutional Investors. #china #policy #assetmanagement #investing #investment #capitalmanagement #InvesTAODigest

China stocks surge in biggest single-day rally since 2008 on stimulus cheer https://lnkd.in/gcu8iytV Chinese stocks experienced their largest single-day gains in 16 years, with A-shares hitting record turnover. This surge follows Beijing's aggressive stimulus package, including significant rate cuts and fiscal support, aimed at bolstering the economy. The measures, the most substantial since the pandemic, have ignited a fierce rally as investors rush to capitalize on the momentum. #china #stock #equity #index #market #investing #investment #InvesTAODigest

Shanghai offers wider access to foreign funds to buy start-ups, signals more QFLP quota https://lnkd.in/gVQcjXuz Shanghai, mainland China’s commercial and financial hub, has pledged to keep supporting investment by offshore private equity funds in local technology firms, while suggesting a potential increase in quota for such purchases. Foreign asset managers will be given more freedom in making private equity and venture capital investment as the city cranks up growth in the financial and technology sectors, mayor Gong Zheng said, amid signs geopolitical tensions and regulatory clampdown have thwarted inflows. #china #shanghai #crossborder #qflp #investment #investing #business #policy #InvesTAODigest

New Action Plan to Make Shanghai a Leading Fintech Hub, Vice Mayor Says https://lnkd.in/gZjSrkj6 Shanghai is set to unveil an action plan aimed at transforming the city into a fintech hub, capitalizing on its strengths in resource aggregation, application scenarios, and business environment. The plan includes promoting the development of key financial infrastructure such as computing power, corpus, and blockchain, while also enhancing the openness and sharing of data element resources. This initiative was announced by Xie Dong during the opening of the 2024 Inclusion · Bund Conference, held from September 5 to 7. #china #shanghai #technology #policy #InvesTAODigest

Chinese Stocks Are Still Attractive Despite Recent Overseas Selloffs, Analysts Say https://lnkd.in/gWSmsr-4 There are still opportunities in the Chinese mainland stock market, thanks to the low valuations and good profit growth, and it is the least sensitive of all the major stock market indexes to the US economy, analysts said. The MSCI China Index, which tracks the shares of mid- and large cap Chinese companies listed in the mainland, Hong Kong and overseas, was relatively immune from last week’s panic selling in the US, analysts said. Due to their weightings, the MSCI Poland, Thailand and Mexico Indexes are more sensitive to the US economy. #china #hongkong #msci #stock #investing #investment #InvesTAODigest

China Rolls Out Action Plan on Boosting Domestic Consumption https://lnkd.in/geCzA97N China’s government on last Saturday laid out its priorities to spur consumer spending as weak domestic demand continues to weigh on growth. The State Council designated 20 key steps, including exploring the potential to expand basic consumption in areas such as catering, home services and elder care. Authorities will also look to foster new types of spending, cultivate unmanned retail stores and self-pickup lockers, and support the development of electronic sports and live-streaming e-commerce. #china #policy #investment #consumption #development #InvesTAODigest

Shanghai launches $13.8 bln in funds to boost integrated circuit, biomedicine, AI sectors https://lnkd.in/gMyJaUei China's commercial hub Shanghai announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI) industries. The fund for the AI sector will focus on fields including intelligent chips, software, autonomous driving and intelligent robots, Shanghai's government said in a statement. The money will be used to support original innovation, and accelerate the emergence of globally competitive enterprises in Shanghai, the government said. #china #shanghai #innovation #policy #ai #technology #InvesTAODigest

Highlights of China CPC Third Plenum’s Resolution on Reforms https://lnkd.in/gCKNu7zk China has published a new economic blueprint after its four-day closed-door third plenum, focusing on building a high-level market economy with enhanced private sector development. The reforms include strengthening intellectual property protection, promoting strategic industries like AI and aerospace, and reforming the housing system to support both renting and purchasing. Fiscal reforms will improve budget systems and local government debt management. Additionally, the plan emphasizes national security coordination and fostering technological breakthroughs, aiming to boost urban and rural incomes and ensure resilient supply chains. #china #policy #development #market #supplychain #ai #property #InvesTAODigest

China to Allow Offshore Investors to Use Northbound Connect Bonds as Collateral for Swap Connect https://lnkd.in/gepmzgqW China’s central bank will allow offshore institutions to use onshore bonds they hold through the northbound leg of the Chinese mainland-Hong Kong bond connect program as margin collateral for northbound Swap Connect transactions. The move will help expand the application scenarios of Chinese yuan bonds as offshore qualified collateral, thus helping vitalize offshore investors’ holdings of onshore bonds and reduce their costs of participating in the northbound leg of the Swap Connect. #china #hongkong #crossborder #investment #investing #business #InvesTAODigest