Party Congress - Not Much of a Party for Investors - Could It Get Worse?

CHINA - Healthcare, Steel, Autos, Education, Research From Beijing

Scott Laprise/ 乐天虎

CHINA - Healthcare, Steel, Autos, Education

Thematic (Sector/Industry)

<ul>
<li>The biggest surprise was to see the retirement of Wang Qishan overseeing the corruption policy.</li>
<li>By him retiring this means Xi will likely step down as President (other titles unclear) at the end of his term as he is not making any changes to accepted protocols.</li>
<li>New head of economic reform Wang Yang from Guangdong is pro-Growth.
</li>
<li>We think there was an opportunity lost to send a strong signal for fundamental reform.</li>
<li>Women are vastly underrepresented in this new group.</li>
<li>
We see collective decision making…</li>
</ul>


The biggest surprise was to see the retirement of Wang Qishan overseeing the corruption policy.
By him retiring this means Xi will likely step down as President (other titles unclear) at the end of his term as he is not making any changes to accepted protocols.
New head of economic reform Wang Yang from Guangdong is pro-Growth.

We think there was an opportunity lost to send a strong signal for fundamental reform.
Women are vastly underrepresented in this new group.

We see collective decision making…


No Surprises and Little New After Appointments