E.g., 14-04-2021
E.g., 14-04-2021
We have found 3860 results.
View by: Grid List
Sort by: Relevancy Date
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Is This What Capital Flight Looks Like?

    The bearish scenario for Hong Kong was that a combination of protests and Beijing’s heavy hand would trigger the flight of capital—financial and human—jeopardizing the peg and the financial system. Yet despite months of protests, and Beijing’s subsequent clampdown, the financial elements of this doomsday scenario have completely failed to materialize.

    1
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    India Eyes Up Uncle Sam

    After the border clash with Chinese troops on June 15, India is on the verge of a strategic reorientation towards the United States that will reshape security in Asia. A full formal military alliance with the US would be a red rag to the Chinese bull, and therefore remains unlikely. But India is set to deepen its strategic partnerships with the US and other like-minded countries, especially Japan and Australia. It will also weaken its ties with...

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Behind The Bull Run In Chinese Stocks

    Chinese equity markets are bounding higher on ebullient animal spirits. The CSI 300 index is up some 12.5% YTD in renminbi terms Monday morning. While the sequential rebound in profits from the first quarter’s dire situation has been heartening, the prospects for year-on-year earnings growth cannot justify this exuberance.

    9
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    An Upgrade For The Jeep Portfolio

    In the Covid-19 crisis, Charles’s “Jeep” portfolio, introduced at the end of 2017 and expounded on in mid-2019, has amply demonstrated its worth, outperforming a pure equity portfolio, but with much lower volatility. In this paper, Charles reviews the Jeep portfolio once again, upgrading its components to navigate a post-Covid world.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    Japan And Korea Split On China's Rise

    Japan and South Korea have responded differently to China’s attempts to peel them away from the US. Japan continues to align closely with its ally, while South Korea is more ready to accept that China as the regional power. In this report, Yanmei and Dan explore the logic behind these decisions and what they mean for the regional power balance.

    6
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    The Uneven Rebound In Consumption

    The recovery of consumption in China is coming, but it will be an uneven one. In this piece, Thomas explains how the combination of recent negative surprises on public-health restrictions with positive surprises on jobs and income will shape the trajectories of different consumption categories, from food to autos to electronics.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Video: Singapore Beyond July's Election

    Although a new opposition political party is making Singapore’s current election season somewhat more interesting than past campaigns, the outcome is not in doubt: the ruling People’s Action Party will be confirmed in power for another five-year term. In this short video interview, Vincent looks beyond the July 10 poll to survey the economic and market outlook for the island republic.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Webinar: Global Investment Roundtable, June 2020

    Yesterday Louis Gave, Will Denyer and Andrew Batson joined Arthur Kroeber at the Global Investment Roundtable. They discussed the economic growth and market situation in the US, the state of the Chinese recovery, and what a post-Covid-19 world might look like.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    The US Takes Action Against Military Fusion

    New regulations from the US Department of Commerce which go into effect on Monday could deny US-origin technologies to a broad swath of Chinese companies. In this Quick Take, Dan explores which firms are most at risk of falling afoul of these regulations and how their supply chains might be affected.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Towards More Of The Same?

    Investors looking at the impressive rally in global equities since mid-March have been forced to come to one of three conclusions: (i) the Covid-19-induced halt to our economies will soon fade away like a bad dream, (ii) equity investors are crazy, or (iii) a growing number of investors think the cash they hold is bound to become worthless.

    13
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    The Future Of Hong Kong

    Whither Hong Kong? After a year of political turmoil, uncertainty about the city’s prospects is the highest it has been in decades. This 20-page DeepChina report examines Hong Kong’s historical trajectory, and concludes the city is in long-run decline—even though it will continue to be an important financial gateway between China and the world.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Video: Behind The Resilience Of Hong Kong's Markets

    Hong Kong has been beset by a string of bad news, from mass street protests, through Covid-19, to national security legislation of unknown scope and severity imposed by the mainland. Yet you wouldn’t guess it from looking at the city’s property market—the world’s priciest—or its stock market where several mainland tech companies are lining up to do their initial public offerings. Vincent explains the disconnect.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    A Friendlier Supply Chain Required

    Covid-19 has revealed reliance on Chinese supply chains as a serious national security risk. But shifting manufacturing of vital goods to other parts will be no easy task, especially when alternatives like Vietnam remain so dependent on imports from China themselves. Meanwhile, the pandemic has made other potential locations—notably India—less attractive.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    China Legislates For Hong Kong

    The summary of Hong Kong’s national security law released on Saturday is a tough read for advocates of a common law system. It represents a hybrid of China’s and Hong Kong’s legal systems that effectively ends the separation of powers between the executive and judiciary. How quickly the city changes as a result depends on the severity of enforcement.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    The Most Cautious Of Central Banks

    China’s medium-term lending facility rate and the loan prime rate were left unchanged in June, while short-term market interest rates have risen. In this Quick Take, Xiaoxi argues that, though the PBOC is likely to cut policy interest rates further this year, the pace of rate cuts is likely to be slower in the second half than in the first.

    3
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    Explaining The Iron Ore Surge

    Chinese iron ore prices have surged by 30% since May due to growing Chinese demand, shrinking Brazilian supply and increased logistics costs. In this Quick Take, Rosealea explains why prices are likely to remain elevated in the coming months but might fall precipitously in the second half of the year.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Dragonomics

    The Range Of US Sanctions

    US President Donald Trump has pledged a response to Beijing’s decision to impose national-security legislation on Hong Kong, and has now signed legislation to sanction officials involved in the crackdown on Uighurs in Xinjiang. In this piece, Dan outlines the various legal tools that the US can bring to bear and their possible effects.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Video: High Stakes In The Himalayas

    In this video, Udith argues that the mayhem seen on the India-China border this week will provide another catalyst for Indian nationalists who want to lessen the country’s reliance on China, even if that means accepting far slower economic growth.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Sticks And Stones May Break A Trade Relationship

    Monday night’s deadly face-off between Indian and Chinese soldiers in the Himalayan mountains threatens to rupture a burgeoning trading relationship between Asia’s two largest nations. Diplomats should be able to deescalate military tensions between the two nuclear-armed countries, but it may be harder to normalize economic ties.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    The Market’s Perception Of Scarcity

    It is a long-running trope of Gavekal’s research that assets can have value either as tools or as jewels. Tools have efficiency value and jewels have scarcity value. The rule that seemed to govern the relative performance of these over the last 50 or so years appears to have broken down. Louis wonders if this is because investors have reversed their perceptions of what is "scarce" and what is "abundant".

    5
Show me: results