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China Bedrock Economy

China Bedrock Economy

A multi-factor approach to capture high quality contributors to China's real economy growth

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China Bedrock Economy

2803 (HKD) | 9803 (USD)

# A-shares# Smart Beta# Multi-factor# Value# LowVol# Size# Quality
China New Economy

3173 (HKD) | 9173 (USD)

# A-shares# New Economy# NewInfrastructure# 14FYP# QualityGrowth# 2060 net-zero
China STAR50

3151 (HKD) | 83151 (RMB) | 9151 (USD)

# A-shares# STAR BOARD# Semiconductor# AI# Biotech# 2060 net-zero
Asia Innovative Tech and Metaverse

3181 (HKD) | 9181 (USD)

# Smart EV# AI# Robotics# Automation# 5G# eSports# Semiconductor
Emerging ASEAN Titans

2810 (HKD) | 9810 (USD)

# Vietnam# Thailand# Malaysia# Philippines# Indonesia
Vietnam Opportunities

2804 (HKD) | 9804 (USD)

# Supply Chain# Middle Income Class# Consumption Upgrade
China Government Bonds (Unhedged)

2817 (HKD) | 82817 (RMB) | 9817 (USD)

# China Bonds# Long Duration# Government Bonds# RMB# Index Inclusion# USD Hedged
China USD Property Bonds

3001 (HKD) | 83001 (RMB) | 9001 (USD)

# China Bonds# High Yield# USD# Rated Bonds Only# No Subordinated or LGFV Bonds
US Treasury Floating Rate (Dis)

3077 (HKD) | 9077 (USD)

# 3-month T bills# One Week Duration# Tax Efficient
# Asia ex-Japan# Investment Grade Bonds# USD# No US Withholding Tax# No AT1# No Coco
# AI# Semiconductor# Electronics# Tech Manufacturing Ecosystem# Attractive Dividend
China Bedrock Economy
2803 (HKD) | 9803 (USD)
China New Economy
3173 (HKD) | 9173 (USD)
China STAR50
3151 (HKD) | 83151 (RMB) | 9151 (USD)
Asia Innovative Tech and Metaverse
3181 (HKD) | 9181 (USD)
Emerging ASEAN Titans
2810 (HKD) | 9810 (USD)
Vietnam Opportunities
2804 (HKD) | 9804 (USD)
China Government Bonds (Unhedged)
2817 (HKD) | 82817 (RMB) | 9817 (USD)
China Government Bonds (USD Hedged)
9177 (USD)
China USD Property Bonds
3001 (HKD) | 83001 (RMB) | 9001 (USD)
US Treasury Floating Rate (Dis)
3077 (HKD) | 9077 (USD)
US Treasury Floating Rate (Acc)
9078 (USD)
US Treasury Floating Rate (Unlisted)
Asia ex. Japan Investment Grade USD Bonds
3411 (HKD) | 9411 (USD)
FTSE TWSE Taiwan 50 (Dis)
3453 (HKD)
FTSE TWSE Taiwan 50 (Acc)
9159 (USD)

FEATURED INSIGHTS & WEBINAR
premia headline
The latest developments in the battery industry continue to favour the world’s biggest players. Apart from their gains from the robust growth in EV sales, the latest developments in battery technology also work in their favour, given their significant investments in R&D spending. Over the next five years or so, lithium iron phosphate (LFP) and ternary (NCM) lithium batteries will remain the mainstream products in the mass and high-end segments respectively. These are the products that CATL and BYD lead globally. Beyond that, CATL and BYD are already moving rapidly in the area of solid-state batteries (SSBs), a potentially disruptive technology. In this article, we discuss about why the Chinese battery makers will continue to dominant the global market and benefit from their technological advancements that revolutionize the energy storage landscape.
Nov 15, 2024
The latest developments in the battery industry continue to favour the world’s biggest players. Apart from their gains from the robust growth in EV sales, the latest developments in battery technology also work in their favour, given their significant investments in R&D spending. Over the next five years or so, lithium iron phosphate (LFP) and ternary (NCM) lithium batteries will remain the mainstream products in the mass and high-end segments respectively. These are the products that CATL and BYD lead globally. Beyond that, CATL and BYD are already moving rapidly in the area of solid-state batteries (SSBs), a potentially disruptive technology. In this article, we discuss about why the Chinese battery makers will continue to dominant the global market and benefit from their technological advancements that revolutionize the energy storage landscape.
Nov 15, 2024

China A-shares Q3 2024 factor review
The third quarter ended with a bang for mainland Chinese stocks, as twin announcements from China’s central bank and top fiscal policymakers gave both foreign and domestic investors plenty to think about over an extended market holiday during China’s October Golden Week. In this insight, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, explores the shift in sentiment that sent the onshore China markets higher for the quarter, breaking down the economic implications of a renewed and forceful stimulus push, the factor drivers of Q3 equity performance, and the data investors should be looking forward to as 2024 draws to a close.
Nov 15, 2024
The third quarter ended with a bang for mainland Chinese stocks, as twin announcements from China’s central bank and top fiscal policymakers gave both foreign and domestic investors plenty to think about over an extended market holiday during China’s October Golden Week. In this insight, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, explores the shift in sentiment that sent the onshore China markets higher for the quarter, breaking down the economic implications of a renewed and forceful stimulus push, the factor drivers of Q3 equity performance, and the data investors should be looking forward to as 2024 draws to a close.
Nov 15, 2024

The case for Taiwan: Premia FTSE TWSE Taiwan 50 ETF as efficient implementation tool for allocators
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 9, 2024
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 9, 2024

Asian investment grade bonds: the overlooked sweet spot for allocators
As the US Fed rate cut gets imminent, the liquid Asia credit market also is set to benefit from a number of strong tailwinds. In addition to favourable macroeconomic fundamentals, the heterogenous region also offers benefits of broad geographic diversification benefits and positive reinforcement from continued market liberalization and more investor friendly reforms. Within this space, Asian investment grade (IG) bonds also enter a favourable “Goldilocks” scenario in particular, represent a sweet spot that international allocators sometimes overlook, offering meaningfully higher yields, better credit ratings, and shorter duration than their peer IG cohorts from the US and Europe.
Sep 16, 2024
As the US Fed rate cut gets imminent, the liquid Asia credit market also is set to benefit from a number of strong tailwinds. In addition to favourable macroeconomic fundamentals, the heterogenous region also offers benefits of broad geographic diversification benefits and positive reinforcement from continued market liberalization and more investor friendly reforms. Within this space, Asian investment grade (IG) bonds also enter a favourable “Goldilocks” scenario in particular, represent a sweet spot that international allocators sometimes overlook, offering meaningfully higher yields, better credit ratings, and shorter duration than their peer IG cohorts from the US and Europe.
Sep 16, 2024

China’s East Data West Computing Initiative (II) – Energy Storage Systems and Smart Grids as the Final Mile in AI-Race
Given the inextricable links between energy-hungry Artificial Intelligence and renewables, energy storage and smart grids are a necessary “final mile solution” in the intensifying AI race. They provide the critical capability to store and dispatch huge quantities of uninterrupted renewable energy/power on demand without compromising emission reduction targets. In this regard, China is uniquely positioned to tackle the related challenges of AI and renewable energy with its rapid development and upgrades of energy storage systems and smart grids. In fact the country has long been studying intertwined strategic relationship between AI, technology and energy, and studiously incorporate such thinking into its Five Year Plans, and which are subsequently being rolled out as China’s East Data West Computing initiative. Further to our recent insight on China’s “power infrastructure” as the critical enabler for AI-development, in this article, we zoom in on China’s capabilities and investment opportunities in energy storage as the linchpin that holds the last mile solution, and matches renewable energy production with industrial demand in China’s journey to a high-tech, modern society.
Sep 11, 2024
Given the inextricable links between energy-hungry Artificial Intelligence and renewables, energy storage and smart grids are a necessary “final mile solution” in the intensifying AI race. They provide the critical capability to store and dispatch huge quantities of uninterrupted renewable energy/power on demand without compromising emission reduction targets. In this regard, China is uniquely positioned to tackle the related challenges of AI and renewable energy with its rapid development and upgrades of energy storage systems and smart grids. In fact the country has long been studying intertwined strategic relationship between AI, technology and energy, and studiously incorporate such thinking into its Five Year Plans, and which are subsequently being rolled out as China’s East Data West Computing initiative. Further to our recent insight on China’s “power infrastructure” as the critical enabler for AI-development, in this article, we zoom in on China’s capabilities and investment opportunities in energy storage as the linchpin that holds the last mile solution, and matches renewable energy production with industrial demand in China’s journey to a high-tech, modern society.
Sep 11, 2024

Taiwan: The Quiet World-Beater
In the midst of the AI-driven excitement surrounding major US tech giants, Taiwan has been quietly positioning itself as a significant player in the global technology sector. Over the past two years, Taiwan’s stock market has outperformed all major Asian markets and even surpassed the S&P 500 and Nasdaq 100 in returns. This success can largely be attributed to Taiwan's critical role in the semiconductor industry, which continues to drive its economic growth and investment appeal. In this article, our Senior Advisor Say Boon Lim discusses drivers supporting the unique, strategic moat Taiwan has built over the years, and why it will likely remain an attractive investment destination going forwards, on the expected continued robust growth in demand for semiconductors and its broader economic growth activities over coming years.
Sep 5, 2024
In the midst of the AI-driven excitement surrounding major US tech giants, Taiwan has been quietly positioning itself as a significant player in the global technology sector. Over the past two years, Taiwan’s stock market has outperformed all major Asian markets and even surpassed the S&P 500 and Nasdaq 100 in returns. This success can largely be attributed to Taiwan's critical role in the semiconductor industry, which continues to drive its economic growth and investment appeal. In this article, our Senior Advisor Say Boon Lim discusses drivers supporting the unique, strategic moat Taiwan has built over the years, and why it will likely remain an attractive investment destination going forwards, on the expected continued robust growth in demand for semiconductors and its broader economic growth activities over coming years.
Sep 5, 2024
See More Insights
Chart of the Week
  • Research & Analytics
    Research & Analytics
Asian US dollar IG credit has been outperforming the US IG and EU IG both year-to-date and over a three-year horizon due to several favourable factors, including attractive yields and a supportive issuance dynamic amongst Asian issuers. With the election settled, among the many policies laid out in Trump 2.0, two key issues that have concerned global investors are the US debt outlook and the impact of tariff to global growth, particularly in European countries.Since election settled in early November the market focus has shifted to the projected debt level of the US government. Back in March 2024, the US Congressional Budget Office (CBO) published a report on the long-term budget outlook for 2024 to 2054, highlighting that the US debt-to-GDP ratio is projected to reach a staggering 200% by 2050. This increase will be driven by rising spending programs, which will require the government to issue more US Treasuries. The rising debt trend, coupled with recently released strong U.S. economic data, has caused major concerns among global investors, pushing U.S. yields higher across the curve recently.In fact, over the last few years when yields increase, it become less appealing for Asian issuers to issue new debt in US dollars. As a result, when yields rise, the supply of Asian dollar credit diminishes, leading to tighter credit spreads and further enhancing the performance of existing bonds. For instance, during mid-November China issued USD denominated government bonds at a very tight spread, which began trading with a negative spread.Currently, the rate cut cycle has begun, and yields have been trending lower, which could enhance the attractiveness of Asian dollar credit even further. However, looking ahead, expectation for future yields are characterised by volatility. While the recent appointment of Scott Bessent as the new US Treasury Secretary is viewed positively for the bond market – suggesting potential fiscal restraint – investors remain concerned about the trajectory of the US fiscal deficit and projections on the Debt-to-GDP. This backdrop creates a climate of uncertainty among investors, who may increasingly prefer the relative stability offered by Asia dollar credit amid these challenges.On the tariff front, the broad tariff would likely erode Eurozone GDP by approximately 1% as the biggest European countries such as Germany and France are also the most exposed to trade. Analysts from Goldman Sachs and JPMorgan are forecasting a fragile recovery in the Euro area, which would lead to further ECB rate cuts. While the duration would benefit EU IG in light of the rate cut, some of the gains may be offset by the heightened downgrade risks with the lower growth outlook and sluggish activity as reported by Fitch Ratings. Return is further eroded for dollar-based investors as a lower ECB policy rate will likely lead to depreciation in the euro and therefore losses due to currency exposures. Recently, we observed some of this trend as the Euro weakened from ~1.10 to ~1.05 against the US dollar in just a month, currency effect detracted almost 4.0% from returns during that period, and more rate cuts are expected to come. Given these dynamics, we believe Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF (9411 HK) is a better opportunity set and a very cost efficient allocation tool with total expense ratio of only 0.23% p.a. and is not subject to US withholding tax. The ETF consisted of high-quality USD bonds by investment grade sovereign, quasi-sovereign, and corporate issuers from Asia ex-Japan region:-          Comparing to both US IG and EU IG, JACI IG’s lower duration and higher yield presents a better risk trade-off between yield and duration.-          Comparing to US IG, JACI IG’s lower new issuance should provide a better price dynamic while maintaining a higher yield-          Comparing to EU IG, JACI IG provides 2% higher yield and without the currency risks To facilitate investor access primary market liquidity, we have also worked with our business partners to keep the creation/ redemption fee to only US$250 per trade and creation/ redemption size to 50,000 units only (~US$500,000) which are a fraction of typical levels for other USD credit bond ETFs.BBG TickerAbbreviationLong NameJPEIJAIG IndexJACI IGJ.P. Morgan Asia Credit Index -   Investment Grade in USDLBUSTRUU IndexUS IGBloomberg US Aggregate Total Return   Index in USDI02503US Index / LP06TRUU IndexEU IGBloomberg Pan-European Aggregate  Total Return Index in USD (unhedged)SBWGU IndexWGBIFTSE World Government Bond Index USD (unhedged)IDCOT20 IndexUST 20YICE US Treasury 20+ Year Bond Index USDIDCOT7 IndexUST 7-10YICE US Treasury 7-10 Year Bond  Index USD
Nov 27, 2024
FROM OUR PARTNERS
Chart of the Week
  • Research & Analytics
    Research & Analytics
Asian US dollar IG credit has been outperforming the US IG and EU IG both year-to-date and over a three-year horizon due to several favourable factors, including attractive yields and a supportive issuance dynamic amongst Asian issuers. With the election settled, among the many policies laid out in Trump 2.0, two key issues that have concerned global investors are the US debt outlook and the impact of tariff to global growth, particularly in European countries.Since election settled in early November the market focus has shifted to the projected debt level of the US government. Back in March 2024, the US Congressional Budget Office (CBO) published a report on the long-term budget outlook for 2024 to 2054, highlighting that the US debt-to-GDP ratio is projected to reach a staggering 200% by 2050. This increase will be driven by rising spending programs, which will require the government to issue more US Treasuries. The rising debt trend, coupled with recently released strong U.S. economic data, has caused major concerns among global investors, pushing U.S. yields higher across the curve recently.In fact, over the last few years when yields increase, it become less appealing for Asian issuers to issue new debt in US dollars. As a result, when yields rise, the supply of Asian dollar credit diminishes, leading to tighter credit spreads and further enhancing the performance of existing bonds. For instance, during mid-November China issued USD denominated government bonds at a very tight spread, which began trading with a negative spread.Currently, the rate cut cycle has begun, and yields have been trending lower, which could enhance the attractiveness of Asian dollar credit even further. However, looking ahead, expectation for future yields are characterised by volatility. While the recent appointment of Scott Bessent as the new US Treasury Secretary is viewed positively for the bond market – suggesting potential fiscal restraint – investors remain concerned about the trajectory of the US fiscal deficit and projections on the Debt-to-GDP. This backdrop creates a climate of uncertainty among investors, who may increasingly prefer the relative stability offered by Asia dollar credit amid these challenges.On the tariff front, the broad tariff would likely erode Eurozone GDP by approximately 1% as the biggest European countries such as Germany and France are also the most exposed to trade. Analysts from Goldman Sachs and JPMorgan are forecasting a fragile recovery in the Euro area, which would lead to further ECB rate cuts. While the duration would benefit EU IG in light of the rate cut, some of the gains may be offset by the heightened downgrade risks with the lower growth outlook and sluggish activity as reported by Fitch Ratings. Return is further eroded for dollar-based investors as a lower ECB policy rate will likely lead to depreciation in the euro and therefore losses due to currency exposures. Recently, we observed some of this trend as the Euro weakened from ~1.10 to ~1.05 against the US dollar in just a month, currency effect detracted almost 4.0% from returns during that period, and more rate cuts are expected to come. Given these dynamics, we believe Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF (9411 HK) is a better opportunity set and a very cost efficient allocation tool with total expense ratio of only 0.23% p.a. and is not subject to US withholding tax. The ETF consisted of high-quality USD bonds by investment grade sovereign, quasi-sovereign, and corporate issuers from Asia ex-Japan region:-          Comparing to both US IG and EU IG, JACI IG’s lower duration and higher yield presents a better risk trade-off between yield and duration.-          Comparing to US IG, JACI IG’s lower new issuance should provide a better price dynamic while maintaining a higher yield-          Comparing to EU IG, JACI IG provides 2% higher yield and without the currency risks To facilitate investor access primary market liquidity, we have also worked with our business partners to keep the creation/ redemption fee to only US$250 per trade and creation/ redemption size to 50,000 units only (~US$500,000) which are a fraction of typical levels for other USD credit bond ETFs.BBG TickerAbbreviationLong NameJPEIJAIG IndexJACI IGJ.P. Morgan Asia Credit Index -   Investment Grade in USDLBUSTRUU IndexUS IGBloomberg US Aggregate Total Return   Index in USDI02503US Index / LP06TRUU IndexEU IGBloomberg Pan-European Aggregate  Total Return Index in USD (unhedged)SBWGU IndexWGBIFTSE World Government Bond Index USD (unhedged)IDCOT20 IndexUST 20YICE US Treasury 20+ Year Bond Index USDIDCOT7 IndexUST 7-10YICE US Treasury 7-10 Year Bond  Index USD
Nov 27, 2024
FEATURED INSIGHTS & WEBINAR
premia headline
The latest developments in the battery industry continue to favour the world’s biggest players. Apart from their gains from the robust growth in EV sales, the latest developments in battery technology also work in their favour, given their significant investments in R&D spending. Over the next five years or so, lithium iron phosphate (LFP) and ternary (NCM) lithium batteries will remain the mainstream products in the mass and high-end segments respectively. These are the products that CATL and BYD lead globally. Beyond that, CATL and BYD are already moving rapidly in the area of solid-state batteries (SSBs), a potentially disruptive technology. In this article, we discuss about why the Chinese battery makers will continue to dominant the global market and benefit from their technological advancements that revolutionize the energy storage landscape.
Nov 15, 2024
The latest developments in the battery industry continue to favour the world’s biggest players. Apart from their gains from the robust growth in EV sales, the latest developments in battery technology also work in their favour, given their significant investments in R&D spending. Over the next five years or so, lithium iron phosphate (LFP) and ternary (NCM) lithium batteries will remain the mainstream products in the mass and high-end segments respectively. These are the products that CATL and BYD lead globally. Beyond that, CATL and BYD are already moving rapidly in the area of solid-state batteries (SSBs), a potentially disruptive technology. In this article, we discuss about why the Chinese battery makers will continue to dominant the global market and benefit from their technological advancements that revolutionize the energy storage landscape.
Nov 15, 2024

China A-shares Q3 2024 factor review
The third quarter ended with a bang for mainland Chinese stocks, as twin announcements from China’s central bank and top fiscal policymakers gave both foreign and domestic investors plenty to think about over an extended market holiday during China’s October Golden Week. In this insight, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, explores the shift in sentiment that sent the onshore China markets higher for the quarter, breaking down the economic implications of a renewed and forceful stimulus push, the factor drivers of Q3 equity performance, and the data investors should be looking forward to as 2024 draws to a close.
Nov 15, 2024
The third quarter ended with a bang for mainland Chinese stocks, as twin announcements from China’s central bank and top fiscal policymakers gave both foreign and domestic investors plenty to think about over an extended market holiday during China’s October Golden Week. In this insight, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, explores the shift in sentiment that sent the onshore China markets higher for the quarter, breaking down the economic implications of a renewed and forceful stimulus push, the factor drivers of Q3 equity performance, and the data investors should be looking forward to as 2024 draws to a close.
Nov 15, 2024

The case for Taiwan: Premia FTSE TWSE Taiwan 50 ETF as efficient implementation tool for allocators
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 9, 2024
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 9, 2024

Asian investment grade bonds: the overlooked sweet spot for allocators
As the US Fed rate cut gets imminent, the liquid Asia credit market also is set to benefit from a number of strong tailwinds. In addition to favourable macroeconomic fundamentals, the heterogenous region also offers benefits of broad geographic diversification benefits and positive reinforcement from continued market liberalization and more investor friendly reforms. Within this space, Asian investment grade (IG) bonds also enter a favourable “Goldilocks” scenario in particular, represent a sweet spot that international allocators sometimes overlook, offering meaningfully higher yields, better credit ratings, and shorter duration than their peer IG cohorts from the US and Europe.
Sep 16, 2024
As the US Fed rate cut gets imminent, the liquid Asia credit market also is set to benefit from a number of strong tailwinds. In addition to favourable macroeconomic fundamentals, the heterogenous region also offers benefits of broad geographic diversification benefits and positive reinforcement from continued market liberalization and more investor friendly reforms. Within this space, Asian investment grade (IG) bonds also enter a favourable “Goldilocks” scenario in particular, represent a sweet spot that international allocators sometimes overlook, offering meaningfully higher yields, better credit ratings, and shorter duration than their peer IG cohorts from the US and Europe.
Sep 16, 2024

China’s East Data West Computing Initiative (II) – Energy Storage Systems and Smart Grids as the Final Mile in AI-Race
Given the inextricable links between energy-hungry Artificial Intelligence and renewables, energy storage and smart grids are a necessary “final mile solution” in the intensifying AI race. They provide the critical capability to store and dispatch huge quantities of uninterrupted renewable energy/power on demand without compromising emission reduction targets. In this regard, China is uniquely positioned to tackle the related challenges of AI and renewable energy with its rapid development and upgrades of energy storage systems and smart grids. In fact the country has long been studying intertwined strategic relationship between AI, technology and energy, and studiously incorporate such thinking into its Five Year Plans, and which are subsequently being rolled out as China’s East Data West Computing initiative. Further to our recent insight on China’s “power infrastructure” as the critical enabler for AI-development, in this article, we zoom in on China’s capabilities and investment opportunities in energy storage as the linchpin that holds the last mile solution, and matches renewable energy production with industrial demand in China’s journey to a high-tech, modern society.
Sep 11, 2024
Given the inextricable links between energy-hungry Artificial Intelligence and renewables, energy storage and smart grids are a necessary “final mile solution” in the intensifying AI race. They provide the critical capability to store and dispatch huge quantities of uninterrupted renewable energy/power on demand without compromising emission reduction targets. In this regard, China is uniquely positioned to tackle the related challenges of AI and renewable energy with its rapid development and upgrades of energy storage systems and smart grids. In fact the country has long been studying intertwined strategic relationship between AI, technology and energy, and studiously incorporate such thinking into its Five Year Plans, and which are subsequently being rolled out as China’s East Data West Computing initiative. Further to our recent insight on China’s “power infrastructure” as the critical enabler for AI-development, in this article, we zoom in on China’s capabilities and investment opportunities in energy storage as the linchpin that holds the last mile solution, and matches renewable energy production with industrial demand in China’s journey to a high-tech, modern society.
Sep 11, 2024

Taiwan: The Quiet World-Beater
In the midst of the AI-driven excitement surrounding major US tech giants, Taiwan has been quietly positioning itself as a significant player in the global technology sector. Over the past two years, Taiwan’s stock market has outperformed all major Asian markets and even surpassed the S&P 500 and Nasdaq 100 in returns. This success can largely be attributed to Taiwan's critical role in the semiconductor industry, which continues to drive its economic growth and investment appeal. In this article, our Senior Advisor Say Boon Lim discusses drivers supporting the unique, strategic moat Taiwan has built over the years, and why it will likely remain an attractive investment destination going forwards, on the expected continued robust growth in demand for semiconductors and its broader economic growth activities over coming years.
Sep 5, 2024
In the midst of the AI-driven excitement surrounding major US tech giants, Taiwan has been quietly positioning itself as a significant player in the global technology sector. Over the past two years, Taiwan’s stock market has outperformed all major Asian markets and even surpassed the S&P 500 and Nasdaq 100 in returns. This success can largely be attributed to Taiwan's critical role in the semiconductor industry, which continues to drive its economic growth and investment appeal. In this article, our Senior Advisor Say Boon Lim discusses drivers supporting the unique, strategic moat Taiwan has built over the years, and why it will likely remain an attractive investment destination going forwards, on the expected continued robust growth in demand for semiconductors and its broader economic growth activities over coming years.
Sep 5, 2024
See More Insights
FROM OUR PARTNERS