Asia / Mainland China

Mainland China

Group Research / February 01, 2020

Photo Credit - AFP

Mainland China
 
GDP growth, % YoY
CPI inflation, % YoY
 2Q213Q214Q211Q222Q22
Exchange rates, end of period6.76.676.646.616.59
Policy interest rates, end of period3.853.853.853.853.85

China Industry Insights

China / Materials
China Materials: Earnings recovery has played out

China Materials: Earnings recovery has played out

March 01, 2021

We expect strengthening consumption dynamics to support the industry capacity utilisation for steel and aluminium. However, the outlook for cement is...

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China / Consumer
China Education Sector: Burning cash for a brighter future?

China Education Sector: Burning cash for a brighter future?

February 24, 2021

We expect China’s leading online education players’ marketing expenses to continue rising in 2021 as they burn cash in a bid to grow thei...

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China / Financials
China Brokerage Sector: Let’s party on

China Brokerage Sector: Let’s party on

February 23, 2021

We lift China brokers’ target prices by 1-29% on improving outlook for their major businesses. Find out what are the drivers supporting our view.

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China Economics Insights

China / Currency
Understanding China: RMB internationalisation 2.0

Understanding China: RMB internationalisation 2.0

January 22, 2021

Present conditions offer Beijing a window to revive its RMB internationalisation process.

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China / Interest Rate
China: Credit related policy to contain market risks

China: Credit related policy to contain market risks

January 06, 2021

From a coal miner to a top chipmaker, recent bond defaults by state-owned enterprises have caught the market off guard.

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China / GDP, FX, BRI
China in 2021: Outlook, Dual Circulation Strategy, relationship with US, RCEP, and BRI

China in 2021: Outlook, Dual Circulation Strategy, relationship with US, RCEP, and BRI

November 23, 2020

Relationship with the US ought to become more predictable under the presidency of Joe Biden.

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China Economics Daily

China / Interest Rate
China: Stimulus calibration underway

China: Stimulus calibration underway

January 29, 2021

The People’s Bank of China offered RMB100bn of reverse repos on Thursday, resulting in a net withdrawal of RMB150bn from the market.

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China / GDP
China: Strengthening recovery momentum

China: Strengthening recovery momentum

January 18, 2021

China’s economic recovery momentum strengthened further in the fourth quarter.

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China / Interest Rates
CNY Rates: Stimulus withdrawal

CNY Rates: Stimulus withdrawal

November 27, 2020

CGB yields will stay buoyant with the curve flattish.

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China Equities

China / Equities
Shenzhen to take the lead in GBA initiative

Shenzhen to take the lead in GBA initiative

October 15, 2020

While there were no new themes announced at the anniversary of Shenzhen SEZ’s establishment, President Xi reiterated his plan for the city. Find out ...

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China / Equities
China Monthly Market Pulse: Outbreaks don’t last forever

China Monthly Market Pulse: Outbreaks don’t last forever

February 07, 2020

Sectors like online education, internet and e-commerce expected to structurally benefit from 2019-nCov outbreak.

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China / Equities
Monthly Market Pulse: Off to a good start

Monthly Market Pulse: Off to a good start

January 06, 2020

Partial trade deal between US and China, coupled with buzzling activity on the HK Stock Exchange, rekindles risk appetite for investors.

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The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

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