1. Newsroom
  2. Spotlight: China
Menu
Insight 13.11.2017

Spotlight: China

Spotlight: China

Insights from the 19th Communist Party Congress


President Xi Jinping used the 19th Communist Party Congress (CPC) to consolidate his position and introduce a broad set of reform proposals. Economic policy is likely to remain pro-growth, but with an increased focus on the quality of growth and measures to curtail excess credit. Reforms will focus on real estate, the corporate sector (state and private) and environmental protection. More forceful regulation of financial services and local government finance is coming too. Chinese technology, financial and consumer discretionary companies should benefit.

Key points 

  • China’s once-in-five-years conference has ended with a broad range of economic policy proposals and greater powers for President Xi Jinping 
  • Economic reforms focus on real estate, the corporate sector (state and private) and environmental protection. More forceful regulation of financial services and local government finance is coming too 
  • A central policy will be a national champions model focused on state-owned enterprises (SOEs) 
  • President Xi has also embarked on making China’s international standing much greater through the projection of ‘soft power’ outside of Asia Pacific 
  • Technology, financials and consumer discretionary companies should benefit
Read the Spotlight

LOK Michael.jpg

Michaël Lok
Group CIO and Co-CEO Asset Management

Norman Villamin-1.jpg

Norman Villamin
CIO Private Banking

GAUTRY_Patrice_UBP_72dpi-9511.jpg

Patrice Gautry
Chief Economist

MCFARLAND Mark.jpg

Mark McFarland
Chief Economist, Asia

Newsletter

Sign up to receive UBP’s latest news & investment insights directly in your inbox

Click and enter your email address to subscribe

Responsible Investment

Value creation through responsible investment

Learn more about our Responsible Investment expertise

Watch the video

Most read

Insight 26.05.2017

The time is right for convertible bonds

The beginning of a trend

Insight 05.10.2017

Investment Outlook 2018

Opportunities and Risks late in the Economic Cycle

 

Insight 16.10.2017

Emerging-market debt: old prejudices die hard

Although they are often regarded as too risky, hard-currency emerging-market corporate bonds have their attractions, including a very competitive risk/return profile. As economic fundamentals improve, investment flows into this asset class are likely to continue growing.

Further reading

Insight 14.08.2018

Oil demand stays firm

WTI oil prices are down almost 10% since the beginning of July. At the beginning of August, oil prices started their longest weekly losing streak in three years. The US/China trade tensions fuelled concerns that global economic growth could slow, weakening worldwide energy demand.
Insight 07.08.2018

A regime change ahead for global technology

Spotlight - An evolution in return drivers for global technology.

Insight 30.07.2018

Exploiting opportunities in equities and managing risks in bonds

Investors entered 2018 optimistic following the stellar returns across most asset classes in 2017.