Given China’s current regulatory clampdown, regarded as absurd by many experts, Paul attempts to reveal the rationale and necessity behind it via multiple facets and offers his views on future investment in China.
To prevent further misinterpretation on China, Paul introduces ten factors about today’s China, which investors and governments should be aware of, ranging from the regime, the Internet control, ideology, Xi Jinping’s role, international relations, tech firms, monetary policy, and cryptocurrency.
My conversation with Eric hit all the right notes with the correct focus on the here and now and a dispassionate discussion of the longer-term opportunity sets for the region. Eric and I certainly do not agree on all points, especially on the outlook for the dollar, but I always come away from my conversations with Eric reassessing all of my assumptions.
Our big takeaway from dialog with US space stakeholders is that the motivations between private space sector development in China needs to be better understood within the US sector. The Chinese space ecosystem is more complex than widely recognized within US commercial space stakeholders.
Our on-going focus on Ant Group and Fintech regulation more broadly continued with Martin Chorzempa — Senior Fellow at the Peterson Institute for International Economics, returning to continue our conversation on the true drivers and consequences of the clampdown on Ant Group.
On the eve of 2021, the EU and China agreed on a preliminary Comprehensive Agreement on Investment (CAI) that paves the way for a greater European presence in the Chinese market. The deal may mark a China-first foreign policy for the EU, even as the new American administration under US President Biden has called for multilateralism and cooperation in containing China.
Led by China, Asia’s handling of the pandemic and its economic recovery has been the envy of the globe. Are asset prices reflecting this, and can Asia consolidate this economic momentum? Does Asia’s economic preeminence prompt a re-rating of assets that appear well supported by a historically low funding cost?
At a much earlier stage of development in the sector, China has nonetheless been growing its data center infrastructure at a rapid pace. Our discussion was centered around the country’s data centers and the market trends surrounding it, capital flows into this sector, and the upcoming disruptions to data center infrastructure.
A longer-term, bigger picture focus on the recalibration of the economic relationship between the US and China over the decades ahead. There is no return to a pre Trump status quo with National Security concerns swamping any economic vested interest.
While adherence to the Basic Law, the legal barrier between the Hong Kong of old and its integration into the mainland will continue, the reality is that Beijing’s dominance over the territory is on an unstoppable path.
Most U.S. and European investors have tiny allocations to China, and few outside of the mainland have an exposure that reflects China's economic might. The global monetary policy response to COVID-19 has solidified the era of zero and negative interest rates, and this shines a light on the key advantage of holding Chinese fixed income and that is yield.
Within the span of weeks, Ant's anticipated IPO – marked as the most valuable filing in history — came crashing down. Ostensibly for a series of controversial remarks made by CEO Jack Ma that criticized China's regulators, the bigger question is whether China is trending towards regulating its financial industry and how this government oversight will impact the future of behemoth platforms
As China charts its course for the next five years in the form of the Fourteenth Five-Year Plan, questions arise on China’s priorities in modernizing the country through innovation, replacing high-speed growth with high-quality growth, rebalancing its economy, and tackling issues of climate change.
A key dynamic of US policy towards China will be the semiconductor export bans, exposing China’s strategic vulnerability of heavy reliance on semiconductor imports. China doesn’t have the domestic capacity to deal with the rapid expansion of companies like Huawei, which could soon face strategic shortages. Comparisons to the 1970’s oil embargos are not far from the mark.
Digital currencies have gain momentum in the broader investment community in recent months, embraced by central bank researchers, bitcoin evangelists, and fintech investors alike. For those skeptical about the role of fiat currencies, governments' use of the printing press in response to COVID-19 has hardened their resolve that the current dollar-based model is unsustainable.
Ant Group has upended the Chinese banking system and, with WeChat, has become the model for global financial services in the decades ahead. Ant Group has the potential to be the financial backbone of a slew of industries and could well provide the framework for a cashless China and, potentially, a cashless globe.
China’s successful rebound from COVID-19 and recent activity in the Hong Kong Exchange show that demand for capital from Mainland Chinese companies remains strong, and Hong Kong remains the preferred place for these companies to raise capital.
The scandal relating to Luckin Coffee has shone a light on a glaring regulatory gap between US and Chinese companies listing on the US exchanges. It forces investors and regulators to ask if it is fair that Chinese companies have different reporting and disclosure standards from American companies when listing on US exchanges?
Alibaba started the Chinese E-commerce revolution. Roughly 50% of global online transactions occur within China. To truly understand the Chinese competitive e-commerce landscape, we need to look into the consumer trends,...
China’s aim to become carbon neutral by 2060 represents a bold step in its energy policy at a time when the country has taken on a global leadership role in climate change negotiations. Climate is one of the few areas of global consensus but China’s carbon-neutral pledge has injected new momentum into global climate negotiations.
ByteDance is currently the world’s most valuable start-up, estimated at $400 billion. Founder Yiming Zhang seized on mobile and believed in providing users with machine learning recommendation algorithms versus traditional search. The result was a company that is constantly evolving but remains centered around apps such as Douyin, Tik Tok, and Toutiao.
In April of 2020, Australia called for an independent investigation into the origins of COVID-19. TThis commenced what could best be described as a spiral in official ties. Australian Journalists were asked to leave. China has slapped tariffs on a slew of Australian goods. Australia and China's frosty diplomatic relationship has morphed into a full-blown trade wrangle.
ESG is global and increasingly complicated in China. Not only do investors have to assess traditional metrics such as environmental sustainability, but the impact of the Chinese Communist Party’s (CCP) non-democratic rule adds layers of complexity. A conversation with Isaac Stone Fish, a journalist and the CEO of Strategy Risk
Philippe Le Corre
January 12, 2021
January 10, 2021
Nevember 30, 2021
Michal Meidan - Oxford Institute for Energy Study
Bonnie Glaser on whether a conflict over Taiwan is an imminent risk
Courtney Rickert McCaffrey – The Chinese Supply Chain. Concerns and Opportunities
Climate is the one area where Washington and Beijing should be able to collaborate. How did that go in 2021
December 9, 2021
November 15, 2021
Mirza Baig - Morgan Stanley
David Sullivan - ADG
November 3, 2021
November 3, 2021
October 28, 2021
October 27, 2021
Shuli Ren - Bloomberg Opinion
October 21, 2021
October 5, 2021
Zennon Kapron - Kapronasia
October 6, 2021
Brendan Ahern - KraneShares
Michael Every - Rabobank
Tu Le - Sino Auto Insights
Michal Meidan - Oxford Institute for Energy Studies
September 23rd - Robert Ciemniak
Eric Robertsen - September 15th
September 8 - Andy Home
September 9 - Louis Gave
Philippe Le Corre
August 5 - Clay Shirky: New York University
August 4 - Brendan Ahern: KraneShares
July 28 - Philippe Le Corre: Harvard Kennedy School
June 29 - Luke Oliver: KraneShares
June 24 - Yang, Ashton
April 19 - Barboza, Ciemniak, Schulte
April 13 - June Choi: Pembroke EM
April 22 - Rui Ma: Tech Buzz China
April 27 - Zak Dychtwald: YCG
April 16 - Wenchi Yu: VIPKid
April 29 Tu Le - Sino Auto Insights
How does it compare with EU ETS?