featured insights & webinar
China’s tough new regulations on its tech giants will result in competitive gains for consumers, level the playing field for small and medium enterprises, and generate productivity gains for the economy.
May 24, 2021
KOSPI and TWSE outperformed the S&P 500 over 6 months and 12 months. South Korea’s KOSPI and Taiwan’s TWSE indices have outperformed the S&P 500 over the past 6 months and 12 months. However, on a year-to-date basis, the S&P 500 has done better than the KOSPI but continues to lag the TWSE by a long way.
May 06, 2021
It is inevitable that the traditional 60/40 asset allocation split between bond and equity no longer work well as the fixed income portion is not generating sufficient stable income.
May 06, 2021
As our Senior Advisor Sayboon Lim stated in the article “Gimme shelter” that it is essential for investors to have China sovereign bonds in their asset allocation, it would be timely for us to introduce the newly launched Premia China Treasury and Policy Bank Bond Long Duration ETF for your consideration.
Apr 28, 2021
Index provider FTSE Russell will add Chinese Government Bonds (CGBs) to the FTSE World Government Bond Index (WGBI) over three years from the end of October – a move that is expected to draw billions of Dollars of new portfolio inflows. Already, there has been a sharp increase in foreign inflows into RMB bonds over the past 12 months, accelerating soon after the start of the pandemic. In this 2-part series, our Senior Advisor Say Boon Lim highlights the drivers for new demand for CGBs and the reasons to own them.
Apr 22, 2021
A popular media narrative for the recent correction in Chinese equities was that it was caused by tightening of financial conditions in China.
Mar 31, 2021
Being the first-in-first-out, China has been the first one to reopen and recover from the pandemic last year. While the recovery has been uneven and is still underway going into 2021, in Q4 we observed sector and factor rotation started to kick in, with Value and LowRisk being the best performers toward the year end.
Mar 23, 2021
Economic policy settings between the United States and China – which have been diverging since the onset of the COVID-19 pandemic – are now on stark display as a result of the recent outcomes of the annual plenary session of the National People’s Congress.
Mar 18, 2021
The great divergence between economic growth in China versus the rest of the Emerging Markets post-COVID-19 has increased the likelihood of a parting of ways between China and EM in asset allocations.
Mar 09, 2021
US sanctions on trade, technology, and financial market access have done little to dampen foreign investor enthusiasm for China. There has been a surge in foreign investment flows, both portfolio and direct, into China over the course of 2020: All of which begs the questions “why” and “how sustainable is this”?
Feb 25, 2021
BY TOPICS
Chart Of the Week
Michael Ng
China property USD bonds have extended gains through the third quarter, with the Premia China USD Property Bond ETF (3001/9001 HK) up more than 20% year to date. On 28 August, Beijing announced the most significant overhaul of China's housing sales and financing framework in three decades. It works through four channels:Sales milestones reset. MOHURD, MNR and NFRA now require a building to be structurally topped out before presales can begin, with 100% of purchase funds — down payments and mortgage proceeds — held in supervised escrow until completion and delivery.Lead-bank oversight. Designated banks supervise project financing, escrow and construction progress end to end, and a homebuyer's mortgage is now issued only after the project is completed.Longer mortgage tenors. The PBOC lifted the maximum personal mortgage tenor from 30 to 40 years.Wider capital-market access. The CSRC broadened refinancing and M&A channels, alongside expanded REIT, CMBS and ABS support for income-producing assets.While the near-term read is negative for developers - replacing presale proceeds with borrowing implies higher leverage and more secured debt, which can subordinate existing senior claims - that argues for selection rather than avoidance. The Premia China USD Property Bond ETF (3001 / 9001 HK) holds secured and senior unsecured paper only, and excludes subordinated debt and LGFVs, favouring issuers with recurring rental income and the securitisation access the CSRC has just widened. Over the medium to long term, the reform should reduce the risk of another property-sector shock. Delivery risk moves off household prepayments and into bank-supervised project finance, lowering the odds of a repeat of the unfinished-project stress that drove the last default wave, while tighter new-home supply supports the clearing of existing inventory. Meanwhile, banks are being capitalised to carry that risk: Beijing announced a further RMB360bn (US$54bn) injection into eight state financial institutions on 6 September, of which RMB290bn (US$43.2bn) went to lenders. Brokers expect developer equities to stay soft unless policy surprises or sales data improve. Bonds answer a different question: not whether growth returns, but whether issuers keep paying. The ETF yields around 12.9% (as of Sep 8, 2026), well above the broader Asia high yield market - the extra income investors are paid for the risk that some issuers still restructure or default while the transition plays out.
Sep 10, 2026
