July’s macro data portrayed a sluggish picture of the economic growth outlook in China. Here we look beyond the headlines to provide a more comprehensive assessment of the economy and conclude this is not the “sudden stop” scenario some have suggested.
Last year was challenging for Chinese equities, as the market was buffeted by Covid lockdowns and a struggling property sector. Investors will be hoping the upcoming Year of the Rabbit is more rewarding, as the macro storm clouds clear, business confidence returns, and key sectors look set to continue to benefit from the government’s drive to increase China’s self-sufficiency.
The shift we are seeing in markets feels momentous. But after an extended period of ultra-low interest rates and well-behaved inflation, does it simply represent a return to “normal” financial conditions – where money has a cost again and equities may not be the only option? As markets adjust and begin to stabilise, we think opportunities will emerge in 2023. Our experts explain more.
AllianzGI, one of the world’s leading active asset managers, announced today that Allianz Global Investors Asia Pacific Limited, a wholly owned subsidiary within AllianzGI, has entered into a conditional share purchase agreement with RHB Banking Group for the proposed acquisition by AllianzGI (together with PT Asuransi Allianz Life Indonesia) of the entire equity interest in RHBAMI, an Indonesia-based asset manager, from PT RHB Sekuritas Indonesia which is part of RHB Banking Group, and the other shareholder of RHBAMI.
China is changing. Its economic growth is increasingly driven by innovations in technology, data and science. Its capital markets are developing with a similar energy, on their way to becoming an integrated part of the global financial system.
Now is the time to get ahead of the opportunities as an investor.