Some equities were trimmed from the JP Morgan mixed-asset fund because the average valuation reached the upper-end of the firm’s projection, said Julie Ho, co-manager of the firm’s Asia-Pacific Income Fund.
Tag: Bank
Positive sentiment on Chinese banks ignores govt stranglehold
When the People’s Bank of China imposed a 1% reduction on the required reserve ratio – the amount of cash reserves a bank must hold – on 20 April, bringing the rate down to 18.5%, it triggered a wave of positive sentiment. However, Rothman, investment strategist at Matthews Asia, believes that the hopes of increased […]
Further easing on cards even after China cuts banks’ RRR
The People’s Bank of China (PBoC) on Sunday lowered the RRR for banks by 100 basis points to 18.5% as it seeks to add more liquidity to the economy, help boost bank lending and combat a growth slowdown. “The major reason for the RRR cut is the net forex outflows from China,” Grace Tam, global […]
