First Plus Asset Management

Following the conclusion of China’s Third Plenum, China has released a 60-point policy document outlining known ambitions, from developing advanced industries to improving the business environment. The plenum reasserted China’s quest for “new productive forces” as it set out to promote revolutionary breakthroughs in technology, innovative allocation of production factors, and in-depth industrial transformation and upgrading. The document also reiterated that markets will play a decisive role in resource allocation, that the government will work on legislation to improve conditions for the private sector, and flagged fiscal and financial reforms. As policymakers lay out strategic directions, First Plus is assessing how these policies could influence global and regional markets and the potential opportunities it presents. Reach out to us and stay informed on how these developments could shape your investment strategies! Continue reading: https://lnkd.in/e92xrNcy #FirstPlus #UnlockingOpportunities #ChinaEconomy #ChinaMarket 

Despite current macro headwinds, CEOs of multinational companies are showing optimism about China’s economy. This was revealed in a recent survey, where CEO confidence in China has inched up marginally to 56, from 54 six months ago, on a scale from 0 to 100. It was agreed that strong alignment with headquarters on China strategy, planning, and risk management, with sufficient authority to make independent decisions, is vital to success in a more complicated Chinese market.   At First Plus, we understand the complexities and opportunities the Chinese landscape presents. Connect with our team to explore strategic investment and business opportunities in this dynamic market now! Read further here: https://lnkd.in/gPJgmgY4   #FirstPlus #UnlockingOpportunities #ChinaEconomy #ChinaMarket    

China is now demonstrating concrete steps to stimulate its economy with its recent announcements.    The latest initiative is a proposal to buy millions of unsold homes across the country to save its property sector. Adding to the expectations, the National Development and Reform Commission, has also pledged to promote affordable housing and explore a new model for the real estate sector.    Meanwhile, China is also planning to raise 1 trillion yuan in long-awaited, long-term special treasury bonds to rejuvenate key sectors. Sentiments in the markets have pointed to an anticipated solid demand in the bond market.   Reach out to our team today to distil the opportunities in the China markets.    Read further here:  https://lnkd.in/g245pAes   https://lnkd.in/gXvqz_mf #FirstPlus #ChinaEconomy #ChinaMarkets

Global fund managers are becoming more positive about the world’s second-largest market as foreign investors load up on Chinese stocks for a third straight month in April. Overseas traders bought a total of 6.02 billion yuan of yuan-traded shares through the cross-border Stock Connect programmes with Hong Kong, adding to net buying of 82.7 billion yuan during the previous two months, according to Bloomberg data.   While it remains to be seen whether foreign inflows will be sustained in the long run, overseas buying is expected to carry on at least in the near future due to attractive valuations and diversification benefits.    Watch this space as we bring you the more analysis from the upcoming Politburo meetings in July.    Read further: https://lnkd.in/dbPrU33u   #FirstPlus #ChinaEconomy #ChinaMarkets

The world's second-largest economy is kicking the year off with a strong start. Latest official data have shown China’s economy growing faster-than-expected in the first quarter. GDP for Q1 2024 grew 5.3% year-on-year, comfortably above analysts' expectations for a 4.6% increase. More remains to be seen as China strives to attain a target of around 5% for its 2024 GDP growth and indicators on policy direction await with the Politburo meeting likely to happen this month. Continue reading: https://lnkd.in/gmkkmiCX #FirstPlus #UnlockingOpportunities #ChinaEconomy #ChinaMarket

In commemoration of the recent International Women’s Day celebrations, our Head of Credit Jennifer Siu Siu shares her perspectives on inspiring inclusion with Human Resources Online. Jennifer notes the importance of challenging barriers women and men face through their leadership journeys, and this starts with overcoming unconscious biases in the workplace. She also shares further how she fosters inclusion in the workplace to create a safe environment, and ultimately delivering value to stakeholders. Read more here: https://lnkd.in/gXMh6GQH #FirstPlus #IWD2024 #InspireInclusion

In a major transformation, Hong Kong lawmakers have recently passed a new national security law, Article 23. While it might still be early days to ascertain the economic impacts of this, Jiang Zhang, Head of Equities at First Plus, shared recently with CNBC that the new law may accelerate Hong Kong’s integration with China. Read the full article here: https://lnkd.in/gUBkz7ri #HongKong #China #Economy

China has announced a growth target of around 5% for 2024 at the National People’s Congress. The leadership has pledged steps to transform its development model and defuse risks fuelled by bankrupt property developers and indebted cities.   Matching last year’s goal as economic challenges mount and its post-COVID recovery tappers off, China is committed to supporting its economic growth and will be pushing ahead with transforming the growth model, making structural adjustments, improving quality, and enhancing performance.   While the structural changes China intends to implement are still short on details with a lack of timeline and concrete measures, Premier Li Qiang has acknowledged that reaching the target will be arduous, and a proactive fiscal stance and prudent monetary policy was needed.   Despite China’s recovery coming with its shares of hurdles, it remains a powerhouse in the global economy. What do you think of the recent meetings? Start a conversation with our experts today.   Continue reading: https://lnkd.in/dkWAanX2   #FirstPlus #InvestmentOpportunities #ChinaEconomy  

Kicking off this week, China’s political elite and lawmakers will gather for the biggest annual political event — two sessions or liang hui. Providing an overview of the government’s policy agenda for the year ahead, the emphasis this year is expected to be on how Beijing interprets and plans to address issues like the rapidly ageing population and deflationary risks.   Premier Li Qiang will outline how the economy has performed in the past year and set out economic, budget and policy goals for the year. Boosting “new productive forces” — a term used by the leadership to refer to home-grown innovations in technology and services that it believes could boost the economy and self-reliance — will also be a key focus.   As China gears up and deliberates on its economy, watch this space as First Plus shares further insights on the imminent two sessions, and how this impacts investors.     More about the upcoming event here: https://lnkd.in/garfMXNB   #FirstPlus #InvestmentOpportunities #ChinaMarket #ChinaEconomy  

Is it time to invest in China? Our Head of Equities, Jiang Zhang spoke to Jeffrey Halley on Biztech.asia's Asian Midday Market Watch recently to debunk if China is truly “un-investable”.     Returning from his recent trip to China, Jiang shared his insights on the realities on the ground after speaking to companies and fund managers as well as: ·       Key investment strategies to consider when approaching China ·       Sectors and companies on his radar  ·       How China can move the needle for a bullish reopen     📺 Catch it here: https://lnkd.in/dW6QRxN6   #FirstPlus #InvestmentOpportunities #AsianMarkets #ChinaMarket #ChinaEconomy