精選觀點 & Webinar
Amidst the high risk of holding Developed Market government bonds and credits in an environment of rising inflation and historically low spreads, a frequent lament among institutions and large family offices is “but our mandate requires us to hold bonds.”
Jun 17, 2021
We are delighted to invite Edmund Ng, Founder & CIO of Eastfort Asset Management to share with us the nuances of investing in the China bond markets, and the tailwinds, headwinds and sweet spots for international investors. Edmund brings very deep understand of the China bond markets as a veteran practitioner, and was the Head of the Direct Investment Division of Hong Kong Monetary Authority (HKMA), which under his leadership started to diversify part of its large reserves into other asset classes including CNY bonds. [WATCH NOW]
Jun 16, 2021
The inflation threat is now clear and present. And while equities may tolerate rising US inflation for a while longer, the Developed Market bond markets are highly vulnerable.
May 26, 2021
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
Premia 圖說
賴子健 , CFA
CFA
Foreign interests in China’s bond market shown sustained growth, with foreign institutions holding over RMB4.44tn in Chinese bonds by the end of Apr. This marks the third consecutive month of increased foreign investment, signaling confidence in the country’s financial stability. Notably, China government bonds (CGBs) comprised the largest portion of these holdings—RMB2.11tn or 47.5%—demonstrating their appeal as secure and attractive assets. The improving sentiment is underscored by the continued rise in demand for renminbi assets. In Apr alone, foreign investors added a net US$10.9bn to their holdings of domestic bonds. Despite a modest foreign exchange deficit, China’s overall foreign exchange market has remained stable, supported by a strong trade surplus in goods, which hit a four-month high of US$31.6bn. Further bolstering investor confidence, Chinese banks are expected to see a periodic surplus in foreign exchange sales, aided by supportive monetary policies such as interest rate and reserve requirement ratio cuts. Progress in high-level Sino-US trade negotiations and a temporary easing of tariffs also contribute to a more favorable investment climate. The growing foreign appetite for CGBs highlights their strength as stable, long-term assets. Backed by strong macroeconomic fundamentals and improving trade dynamics, China’s bond market continues to present attractive opportunities for global investors seeking diversification and steady returns.
May 26, 2025
