Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Deep Dive on Hong Kong Macro-Economics: The Equity Market, IPOs, Stock/Wealth Connect and the Future

Deep Dive on Hong Kong Macro-Economics: HK as a Unique Gateway to China and an Offshore RMB Center

Deep Dive on Hong Kong Macro-Economics: Embracing Web3.0, Fintech, and Blockchain Technology

HK Equity: 1) Strong Capital Inflow, 2) Pro-Growth Policy, 3) Better Macro Outlook to Drive Rerating

Short Note: Position for Upcoming Banking Crisis, BUY Hong Kong & China Property Stocks, and BTC/ETH

Short Note: LONG China on Monetary Easing Cycle

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Thematic (Sector/Industry)

Hong kong Banks / Thematic (Sector/Industry)

<ul>
<li>HKD peg has been a financial cornerstone for HKSAR since 1983. The peg helps maintain financial stability, but it also ties Hong Kong's monetary policy to the U.S. Federal Reserve.</li>
<li>HKMA maintains a narrow band of 7.75 - 7.85 HKD per USD.  HKMA's undertaking is to step in if the FX hits either strong or weak side of the band</li>
<li>While there are (continued) discussions if HK should change or break the peg, HKMA ex-chief Norman Chan mentioned there are "4 essential conditions" for such consideration to take place</li>
</ul>


HKD peg has been a financial cornerstone for HKSAR since 1983. The peg helps maintain financial stability, but it also ties Hong Kong's monetary policy to the U.S. Federal Reserve.
HKMA maintains a narrow band of 7.75 - 7.85 HKD per USD.  HKMA's undertaking is to step in if the FX hits either strong or weak side of the band
While there are (continued) discussions if HK should change or break the peg, HKMA ex-chief Norman Chan mentioned there are "4 essential conditions" for such consideration to take place


Deep Dive on Hong Kong Macroeconomics: The Hong Kong Dollar Peg and Its Significance on Hong Kong