China: Rising Capital Flight Suggests Limits to Further Monetary Stimulus This Year
Foreign reserves up by just 0.7% of GDP in 2020, despite 1.9% of GDP current a/c surplus & net FDI inflow of 1% of GDP. Capital flight constrains...
196 Views
China ADRs - A New Act Aims to Put an End to China ADR IPOs
On 27th May 2021, U.S. Senators Marco Rubio and Bob Casey introduced the No IPOs for Unaccountable Actors Act, which aims to prohibit IPO on U.S....
299 Views
China Has Been the Global Winner from the Liquidity Glut of 2008-21; Now Comes Pain
China rode the global liquidity wave since 4Q 2008. Now that the tide is turning (amid soaring US core inflation), industrial overcapacity and anti...
262 Views
China: Large Net Capital Outflows Presage Trouble as Excess Capacity Begins to Bite
Net capital outflows were US$179bn in Apr-Dec 2020 despite the rising RMB; in Jan-Feb 2021, outflows were $115bn. The surge in FAI is creating...
399 Views
China Banks: Bottoming Out
China and HK banks have seen a large scale exodus from active China investors over the past 2 years. Managers now find themselves underweight and...
339 Views