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Search resuls for: "Grow Investment Group"


18 mentions found


☆ Hard to see how China can win A.I. competition if chip bans keep happening: Grow Investment's Hong
  + stars: | 2023-05-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHard to see how China can win A.I. competition if chip bans keep happening: Grow Investment's HongHao Hong, Grow Investment Group chief economist, joins 'Squawk on the Street' to discuss the state of affairs between the U.S. and China, how far future bans of Chinese and U.S. technology could go and the hope for reviving a recovery from China.
☆ Alibaba’s restructuring and Jack Ma’s homecoming are all part of China’s plan
  + stars: | 2023-03-29 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
Ma is seen as a symbol of China’s tech industry and a barometer of the Chinese government’s support for private business. Alibaba’s restructuring is “part of [Beijing’s] strategy to shore up confidence in the private sector,” said Hong Hao, chief economist for Grow Investment Group. “[Alibaba’s restructuring plan] offers a way to limit monopoly power and platform sway,” Hong said. Unlocking valueInvestors and analysts have cheered Alibaba’s restructuring. Alibaba’s business will be split into six units: domestic e-commerce, international e-commerce, cloud computing, local services, logistics, and media and entertainment.
☆ Property investments in China should pick up at the end of the second quarter: Economist
  + stars: | 2023-03-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProperty investments in China should pick up at the end of the second quarter: EconomistHao Hong of Grow Investment Group says developers will be "running out of inventory to sell" by the middle of 2023 because they haven't been building in the past two to three years.
☆ SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
  + stars: | 2023-03-13 | by ( Jihye Lee | ) www.cnbc.com   time to read: +4 min
HANGZHOU, CHINA - MARCH 12, 2023 - Photo taken on March 12, 2023 shows the logo of SPD Silicon Valley Bank in Hangzhou, Zhejiang province, China. Future Publishing | Future Publishing | Getty ImagesAnalysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a "warning" — especially for economies that haven't hiked interest rates aggressively. It came after U.S. regulators announced measures to further stem systemic risks from Silicon Valley Bank's collapse. While a number of companies within Asia's venture capital and tech start-up sector do have exposure to Silicon Valley Bank, not many have openly admitted to seeing major losses from SVB's bankruptcy. SPD Silicon Valley Bank, a joint venture between Shanghai Pudong Bank and Silicon Valley Bank sought to reassure investors over the weekend and said its operations have been "independent and stable."
☆ Chinese stocks often gain after the country's annual congress meeting. Here's what strategists expect this year
  + stars: | 2023-03-03 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
After three years of turbulence under the Covid pandemic, China's leaders are expected to lay out goals to get growth back on track. China's onshore stocks often see a modest rally after the country's party congress sessions, but economists and strategists are mixed on whether that pattern will carry on this year. "The market tends to have reasonable performance pre- and after-twin sessions," Hao Hong, chief economist of Grow Investment Group told CNBC. But there's been fluctuation ahead of this year's sessions: He pointed to a recent decline after Hong Kong stocks rallied roughly 50% and China's mainland stocks rose by 15%. He expects the indexes to move between gains and losses of 3%, "unless there are policies unexpected by the market," he said.
☆ Not many global investors are buying into China's reopening story yet, says investment firm
  + stars: | 2023-02-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot many global investors are buying into China's reopening story yet, says investment firmWilliam Ma of Grow Investment Group says consumption will be a "big theme" for the mainland China and Hong Kong markets this year.
☆ China’s property crash is prompting banks to offer mortgages to 70-year-olds
  + stars: | 2023-02-17 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
Some banks in the cities of Nanning, Hangzhou, Ningbo and Beijing have extended the upper age limit on mortgages to between 80 and 95, according to a number of state media reports. China’s property market is in the midst of a historic downturn. The mortgage borrower’s age plus mortgage length should not usually exceed 70 years, according to previous rules published by the banking regulator. Separately, a branch of Citic Bank has extended the upper age limit on its mortgages to 80, the paper said, citing a bank client manager. Other than Beijing, some banks in Nanning, the provincial capital of Guangxi province, have raised the upper age limit on mortgages to 80, according to the city’s official newspaper Nanguo Zaobao.
☆ Hong Kong stocks will be a 'better play' than ones from mainland China, economist says
  + stars: | 2022-12-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHong Kong stocks will be a 'better play' than ones from mainland China, economist saysHao Hong of Grow Investment Group says Hong Kong is "better positioned for a recovery for investors than the Chinese A-shares."
☆ Expect positive momentum to continue in China's market in the near term, economist says
  + stars: | 2022-12-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect positive momentum to continue in China's market in the near term, economist saysHao Hong of Grow Investment Group says there could nevertheless be confusion in the market in the longer term when Covid cases in the country rise.
☆ Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweight
  + stars: | 2022-12-05 | by ( Jihye Lee | ) www.cnbc.com   time to read: +2 min
The Hang Seng TECH Index, which represents the 30 largest technology companies listed in Hong Kong, surged 8% in Asia's trade. Electronic vehicle-maker Xpeng gained 24%, leading gains for the broader index, Li Auto jumped 12% and Nio climbed more than 15%. The Hang Seng index rose 4% while China's CSI 300 index, which tracks the largest largest mainland-listed stocks, rose almost 2%. Hong Kong-listed casino operators also saw significant gains, with MGM China rising 19%, Wynn Macau climbing 16% and Sands China adding 13%. Morgan Stanley upgrades to overweight
☆ Investors bet China's rally on easing COVID curbs will be furious but fleeting
  + stars: | 2022-12-05 | by ( Jason Xue Summer Zhen | Jason Xue | Summer Zhen | ) www.reuters.com   time to read: +3 min
Many investors say that stocks of drugmakers and medical equipment companies, however, will likely get a more lasting lift from China's bumpy journey towards an eventual economic opening. Investors have snapped up Chinese tourism (.CSI930633), leisure (.CSI930654), retailing (.CSI930674) and food and beverage stocks (.CSI930653) over the past week. "After curbs are relaxed, China could experience the impact from surging virus cases, along with rising deaths, potentially hitting the economy," the brokerage said. "I think it's reasonable to think that as infections rise, they're going to have shortages in some areas of workers," he said. Grow Investment Group chief economist Hong Hao, warning of confusion and chaotic expectations ahead, recommended internet platform companies and food delivery firms in the short term.
☆ Markets wary about 2023 investment in China, says Grow Investment Group's Hao Hong
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets wary about 2023 investment in China, says Grow Investment Group's Hao HongHao Hong, Grow Investment Group chief economist, joins 'TechCheck' to discuss investor bullishness toward Chinese stocks, observations about the fundamentals for Chinese tech companies and China's weak export and retail sales growth.
☆ Global investors are bullish again on China as Beijing switches to damage control
  + stars: | 2022-11-17 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
A key index of Chinese stocks in New York jumped 15% during the same period. Some investment banks even upgraded their China growth forecasts following the policy changes. They want to correct the market’s perception of China’s economic outlook, as President Xi Jinping interacts with global leaders at G20,” it said. “I don’t think the long-term appetite for China and Hong Kong shares will return so quickly. The Nasdaq Golden China Index, a popular index tracking Chinese companies in New York, has plunged more than 33% so far in 2022.
☆ Chinese stocks are still investable, says Grow Investment Group's Hao Hong
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese stocks are still investable, says Grow Investment Group's Hao HongHao Hong, Grow Investment Group chief economist, joins 'TechCheck' to discuss whether he believes Chinese stocks are investable after recent macroeconomic headwinds, where the opportunities are in Chinese markets and if there will be new rules ahead for technology companies in China.
☆ It's too early to buy Hong Kong property and real estate stocks, says investment firm
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's too early to buy Hong Kong property and real estate stocks, says investment firmWilliam Ma of Grow Investment Group says Hong Kong property stocks could tumble in the near term as a result of weak demand.
☆ As Xi opens congress, China's state hands keep markets steady
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +4 min
SHANGHAI, Oct 17 (Reuters) - As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Scores of companies have announced share buybacks or executive share purchase plans since Friday, when regulators unveiled plans to ease share buyback rules. Investors and analysts believe government pressure on China's largely state-controlled fund sector may have played a role in the stock market rebound. Xia Chun, chief economist at wealth manager Yintech Investment Holdings, said this follows a pattern of China stocks typically rising before a party congress and then likely falling afterwards. On Monday, several state-controlled asset managers including E Fund Management Co, China Southern Asset Management Co and Zhongtai Securities Asset Management said they were investing their own money to buy products, echoing an identical refrain of confidence in China's capital markets.
☆ Retail investor sentiment in China remains 'quite weak,' says investment firm
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail investor sentiment in China remains 'quite weak,' says investment firmWilliam Ma of Grow Investment Group says institutional investors are, however, slowly building their exposure to China.
☆ Economist discusses China's property market outlook
  + stars: | 2022-09-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors aren't taking advantage of 'abundant liquidity' in China's real estate market: EconomistHao Hong of Grow Investment Group discusses the sectors that have been resilient despite the "doom and gloom."
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