China after the market intervention: What’s next?

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China’s efforts to stem the market crash have had limited success so far. In our view, attempts to boost domestic demand via the policy banks will only help prevent further... Read more continue reading

Contagion – A perspective

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Recent events in China have sent tremors across global equity markets. Understanding the sources of these tremors and their interplay with our twin themes of secular stagnation and contagion will... Read more continue reading

China: What’s really behind the currency move?

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China’s decision earlier this month to change the way in which the central parity or “fix” rate of the renminbi (RMB) is determined has been widely characterised as a devaluation... Read more continue reading

Macro Matters: Five reasons the market oversold

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In last week’s “Macro Matters,” I argued that China’s currency regime change is bad news for the global economy and risk assets unless it will be accompanied by further domestic... Read more continue reading

Malaysia: capital controls to support ringgit would be disruptive

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China’s surprise currency devaluation, which triggered a sell-off in many Asian currencies, has increased Malaysia’s headache as the country had already been struggling to halt the ringgit’s decline. Reintroducing capital... Read more continue reading

Shock waves from the rumbling Renminbi

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The market will calm down after the biggest currency devaluation by China in almost two decades which has sent shock waves through global commodity, interest rate and stock markets, says... Read more continue reading

China’s currency devaluation increases certainty

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China’s surprise currency devaluation sparked a debate on whether it was part of the country’s ongoing financial reform or a measure to boost flagging exports. The plot thickens, as the... Read more continue reading

Asian small cap stocks are an untapped opportunity for Australian investors

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Small cap stocks in Asia present a real and often untapped opportunity for Australian investors, says Paul Quah, head of research (Asia) at Acorn Capital. “Many of the obstacles that... Read more continue reading

Fundamentals and policy keep RMB riding at anchor

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Even before the correction in China’s A-Shares market, a number of investors expressed to us scepticism about our positive outlook for the renminbi (RMB). Some even saw devaluation as a... Read more continue reading

Despite uncertainty and volatility, China’s reforms could trigger six world-shaking changes, says AB

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One of the biggest risks facing investors concerned about weak growth and market volatility in China is that they could be underestimating the country’s upside potential, research by global asset... Read more continue reading