1. Newsroom
  2. Spotlight: China
Menu
Analisi 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

Small and mid caps

Convertible bonds add convexity to your portfolio

Find out why convexity works in the short-to-long term

Watch the video

Le news più lette

Analisi 25.07.2019

Navigating wealth succession in Asian families

Wealth succession is complex, emotional and can be costly if not managed properly

Analisi 11.07.2019

Turning up the fiscal tap

In the prolonged global quantitative easing era, should the fiscal tap be turned up ? With monetary policy having basically run to its limit, fiscal stimulus through modest budget deficit can be sustained for a longer period.

Analisi 12.06.2019

Navigating through an ageing economic cycle

A market backdrop favourable to convertible bonds

 

Altro da leggere

Analisi 18.10.2019

China-US Trade Deal: Positive in the Near Term

On October 11, China and the US have agreed to work towards a partial trade deal. US President Donald Trump called it ‘Phase One’, with subsequent phases to deal with broader and fundamental issues.

Analisi 16.10.2019

Demographics: a broad and long- term opportunity set

Secular trends encompass thematic opportunities with the potential to have a material effect on the world and financial landscapes with long-term and lasting effects.

Analisi 14.10.2019

Convertible bonds add convexity to your portfolio

Amid volatile markets and concerns over the global economic outlook, how can investors mitigate the risk of capital loss while keeping the door open to capital gains? The answer lies in convertible bonds strategies, given the specific risk-return profile of this asset class.