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DATE
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Thursday, 17 FEBRUARY 2022
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| Title | Chinese Equities |
| Moderator | Nicholas Ng Investment Advisor Standard Chartered Bank Malaysia |
| Speaker(s) | Dionne Cheung Associate Investment Director Schroders |
| Key Takeaways | 1. While Chinese authorities are targeting the 3 mountains (Property, Education, Healthcare) and many are worried about continuous regulatory actions, we see a moderation of these actions as compared with 2021.
2. Central bank liquidity plays an important role in driving growth. Local government bond issuance and A-share margin trading balance have both picked up in 2H 2021 while northbound stock connect flow remains robust.
3. Even with Covid-zero policy we still see elevated consumption in the country as consumer price index (CPI) level shows an upward trend.
Chinese consumer spending and the focus on green agenda will underpin China’s growth and equity returns, but not without short term fluctuations.
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