The downgrade follows expectations of limited further policy support in a negative rate environment, according to Thomas Poullaouec, managing director and head of strategy and research for Asia Pacific at State Street Global Advisors.
Category: Markets
Chinese tourism is taking off
In a sponsored viewpoint, Mansfield Mok and Claudia Ching argue that although China’s economy may be slowing, this has not stopped consumers spending more to improve their lifestyles – travel and tourism being the biggest winners.
Korea Investment Corp names CIO
Shin-woo Kang previously served as the president and chief executive officer of Seoul-based Hanwha Asset Management.
Manulife: Chinese consumer spend spreading in Asia
The firm is buying “regional champions” with revenues driven by Chinese millennials, who are impacting consumer demand in Asia, said Ronald Chan, Manulife Asset Management’s chief investment officer of Asia ex-Japan equities.
Blackrock brings in Japan CIO
The firm has nabbed Takeshi Fukushima from GI Capital Management to serve as chief investment officer.
Demand for long-term stable yield in China
Mainland retail investors queued for a day to snap up government savings bonds, which are perceived as a safehaven for capital, mainland media reported.
China takes more steps to open bond market
The mainland’s provident and pension funds should bring up to $610bn into China’s interbank bond market (CIBM) after regulators open it to a wide range of foreign and domestic investors, analysts said.
China this week – 06 May 2016
A roundup of the week’s asset management news from mainland publications.
China this week – 29 April 2016
A roundup of the week’s asset management news from mainland publications.
Fidelity remains bullish on Japan
Despite negative interest rates and doubts about Abenomics, Fidelity analysts single out Japan as the only market with improving prospects.
