중국 시장은 2022년 10월 이후 중국 리오프닝과 코로나 정책 완화에 따른 강한 반등세를 보였는데요. 해외 중국주식에서 장기적인 강세장에 돌입하여 초과수익률을 낼 수 있을 것으로 기대되는 중국A주로 투자 자금 흐름 로테이션이 관찰되기 시작했습니다. 중국은 현재 리오프닝 경기 회복 궤도 속 어느 지점에 있을까요? 초과수익률을 가져다 줄 수 있는 정책 지원 섹터 리딩기업들은 무엇일까요? 이는 저희 클라이언트들에게 자주 받는 질문들입니다. 이번 글에서는 투자자 분들과의 대화 중 최근에 가장 많았던 질문 10가지를 소개해드리려고 합니다. 또, 중국의 리오프닝 그리고 그 다음 챕터인 경제성장 회복 궤도 속에서 발생되는 기회들에 대한 인사이트를 공유합니다.

Premia Asia Innovative Technology ETF (AIT) since its inception in 2018, was designed to capture the Asia leaders powering the growth of existing and emerging innovative technologies. Without a doubt, the hottest theme trending now is the Metaverse, as Facebook’s CEO Mark Zuckerberg announced earlier that the company name change and sees the Metaverse as the “successor to the mobile internet”. While this is still an emerging but quickly evolving topic, there are already considerable number of Asia leaders active in the space as emerging metaverse natives. How can investors position for opportunities early in this space?

China market saw a material correction due to the regulatory crackdown in the offshore tech and education space. The panic sentiment led to indiscriminative unwinding of Chinese stocks by foreign investors, pushing the HK-listed tech names and the US-listed China ADRs into a bear market technically. Although the regulatory risks remain high in near-term, investors seem getting a stronger hint about the policy direction. The glory days when China tech can be simplistically covered by just the offshore tech giants is gone, and there is increasing need for more granular understanding of the related policy headwinds and tailwinds. In this article our Partner & Co-CIO David Lai shares the thesis behind our Premia China STAR50 ETF, and how this timely launch adds value through its diversified exposure of the leading innovative and strategically important hi-tech companies focusing on innovation and hardcore technology.

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.