China Perspectives

Tyran Kam, Senior Director and Head of Fitch’s China Property team based in Hong Kong, shares outlook on the Chinese property market.  (00:00) - Introduction (00:47) - Current market state (04:04) - Comparison of China’s and Japan’s property markets (08:24) - Further policy move (09:26) - Who are the surviving developers (12:15) - Private developers’ financing access (13:50) - Defaulted developers...

Jingwei Jia, Associate Director at Sustainable Fitch, discusses the latest developments in China’s rapidly evolving onshore green bond market and the impact of the EU’s Carbon Border Adjustment Mechanism on China’s national carbon market. (00:00) - Introduction (01:42) - Overview of Sustainable Fitch (02:53) - Developments in China’s Green Bond Market (07:33) - Green Bond Market Performance and th...

Jeremy Zook, Fitch Ratings’ lead sovereign analyst for China, is joining China Perspectives as a co-host. Prior to this role, he was the lead analyst for several countries in APAC. Jeremy’s first show is coming up soon. Stay tuned.

Charles Zhang, Director of Fitch’s China industrial corporates team, shares his insights on the risks and opportunities for Chinese construction companies amid the country’s economic slowdown, including structural challenges and transition plans. (00:00) - Introduction (01:05) - Credit outlook on China’s construction sector (06:21) - Growth opportunities from infrastructure projects (09:39) - Cons...

Jing Yang, Director of Fitch’s China Research Initiatives based in Shanghai, shares insight on China’s booming electric vehicles industry and Chinese automakers’ overseas diversification trends.   (00:00) - Introduction (01:18) - Growth drivers of China’s EV Market (05:45) - EV price wars (07:59) - Chinese EV brands’ competitive edge (09:53) - Can foreign and JV brands catch up? (11:02) - Evolving...

James MacDonald, Senior Director and Head of China Research at Savills based in Shanghai, shares first-hand experience and observations on the country’s residential, commercial, and industrial real estate markets. Through his professional lens as an 18-year industry veteran, James discusses the key structural changes in China’s real estate market and the broader economy.  (00:00) - Introduction (0...

Alvin Cheng, Head of Fixed Income, Portfolio Manager at Fidelity International’s China WOFE, shares his views on China’s economic prospects in 2023 as well as risks and opportunities in the world’s second largest bond market.  (00:00) - Introduction (01:38) - China’s macroeconomic outlook and key investment themes in 2023 (04:05) - Potential risks to China’s recovery (06:09) - Deflation and inflat...

Jenny Huang, Deputy Head of China Research Initiatives at Fitch Ratings, shares her views on China’s consumption recovery prospects, including stimulus for growth, constraints, consumer behaviour changes, and implications for related companies. (00:00) - Introduction (01:15) - China’s consumption recovery prospects (06:45) - Wage inflation risk (08:34) - Sub-segments’ performance (14:11) - Changin...

Gene Ma, Head of China Research at the Institute of International Finance, shares his views on China’s 2023 macro outlook, including prospects for growth, consumption, inflation, and the top priorities for economic policymakers this year.

Dominik Peschel, head of the Economics Unit at the Asian Development Bank’s Resident Mission in Beijing, discusses the bank’s recent working paper on China’s long-term growth prospects and their suggested reforms to increase potential growth.

Colin Mansfield, Sector Head for US Gaming, Lodging & Leisure at Fitch Ratings, positions Macao’s elusive gaming recovery within a broader global industry backdrop, and sheds light on the recent tenders for Macao’s new gaming concessions.

Dan Wang, chief economist at Hang Seng Bank China, gives her latest views on the Chinese economy, with a focus on the property and labour markets, as well as the ongoing macro spillovers from the “zero Covid” policy.

Jenny Huang, a senior director leading Fitch Ratings’ China corporate research team, discusses the key motivations and methods the Chinese authorities employ to support companies in financial distress, drawing from recent case studies.

Long Chen, co-founder and partner at Plenum, weighs in on the “dynamic zero Covid” debate and shares his views on how the Omicron outbreak and global spillovers from the war in Ukraine are impacting China’s economy and policy outlook.

Tara Joseph, President of the American Chamber of Commerce in Hong Kong, shares some parting reflections on Hong Kong’s evolving business climate, rule of law, Sino-US tensions, and the future of the territory as a global financial hub.

Adrian Cheng, Fitch Ratings’ Co-Head of Greater China Property, shares his latest thoughts on China’s residential sales and construction trends, and highlights the continued funding and liquidity challenges faced by the nation’s developers.

The Honourable Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region discusses fiscal policy, housing, geopolitics, and his near-term outlook for the economy and cross-border travel amid a recent omicron outbreak.

Grace Wu, Fitch’s Head of Greater China Banks, discusses the impact of China’s ongoing property sector stress on the financial system, and gives her top-down view on how the balance of financial risks stands today compared with several years ago.

Jonathan Anderson, co-founder of Emerging Advisors Group, discusses the importance of the property sector to China’s economy, whether the nation is facing a property “bubble”, and potential lessons from the ongoing China Evergrande saga.

Charles Li, former Chief Executive of HKEX, discusses the importance of SMEs to China’s economy, how to enhance their access to financing, and the nation’s evolving regulatory environment in the context of his new venture, Micro Connect.

Julien Martin, General Manager for Bond Connect, offers insights into China’s onshore bond market trends, the trajectory of capital market reforms, and the origins and key innovations behind the Bond Connect scheme.

Sebastian Eckardt, the World Bank’s Lead Economist for China, Mongolia, and Korea, discusses the bank’s latest China Economic Update, with insights into the growth and inflation outlook, financial risks, income inequality, and poverty alleviation.

In our second episode, Mervyn Tang, Fitch’s Global Head of ESG Research, discusses electric vehicles, the new national emission trading scheme, and the potential credit implications of China’s evolving environmental policy landscape.

In the inaugural episode, Ying Wang, Head of Fitch’s APAC Energy & Utilities Group and Fitch’s China Research Initiative, discusses China’s onshore bond market, the latest wave of SOE defaults, and what to expect in 2021 and beyond.

Join Ying Wang, Fitch’s Head of China Research Initiative and APAC Energy & Utilities Group, on China Perspectives, when she speaks to experts both within and outside of Fitch Ratings on the latest credit market and economic developments from China.