Panel Summary
Leadership Edge
Top 10 Takeaways
Oliver Wang
Min-Liang Tan
Investing in Tech
FinTech
The Physical Matrix
Tech Ecosystems
Esports
Artificial Intelligence
Tech-tonic
Cybersecurity
China
Panel Summary
Leadership Edge
Top 10 Takeaways
Oliver Wang (UPCOMING)
Min-Liang Tan
Investing in Tech
FinTech
The Physical Matrix
Tech Ecosystems
Esports
Artificial Intelligence
Tech-tonic
Cybersecurity
China
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Explore Ideas & Insights
China’s growth record is impressive. This panel discussed what factors will help China achieve its ambitious targets including a look at the impact of the escalating trade tensions, the health of the financial sector, the One Belt One Road Initiative and more.
Entering a golden era for international investors
China:
China under the Macroscope
X
Adam Tejpaul is Chief Executive Officer of J.P. Morgan Latin America Private Bank. Based in New York City, he is responsible for the global Latin America business with its core locations in New York, Miami, Geneva, Mexico and Brazil. He also leads a New York–based team that serves global families.
Mr. Tejpaul is a 19-year veteran of J.P. Morgan with a unique combination of client-facing and risk management–related experience, as well as 12 years of international experience in Asia, and in Europe, the Middle East and Africa. Most recently, he served as Wealth Management’s Chief Risk Officer. Prior to that, he was Head of Investments for J.P. Morgan Private Bank in Asia. Before moving to Asia in 2008, he held roles as Head of Investors for the firm’s London business and Head of Fixed Income, Currencies and Commodities for the Private Bank in Europe, the Middle East and Africa.
Mr. Tejpaul joined J.P. Morgan from Georgetown University, where he studied Finance and Art History. He has completed further coursework at the New York Institute of Finance and graduated from Harvard Business School’s General Management Program.
Mr. Tejpaul lives in New York with his wife and two children, and spends his free time pursuing athletic endeavors, including boxing, swimming and horseback riding.
Min-Liang Tan is Co-Founder and has served as Chief Executive Officer of Razer since September 2006. Mr. Tan also serves as the Creative Director and is responsible for directing and overseeing the design and development of all Razer’s products.
Prior to founding Razer in 2005, Mr. Tan was an attorney at Rajah & Tann, a law firm in Singapore.
Mr. Tan obtained a bachelor’s degree in Law from the National University of Singapore in August 2002.
James Wang is Chairman of China Alpha Fund Management (HK) Limited. With over 20 years of securities and investment experience in China, he has held senior executive positions in various financial institutions since the beginning of China’s stock market development in the 1990s.
In 2002, Mr. Wang founded a Greater China long/short equity fund, one of the oldest in the industry, which has gone through many bull-and bear-market cycles.
With his focus on community, Mr. Wang has dedicated himself to the development of the financial sector and education in Hong Kong. He is the present incumbent Adjunct Professor in the Department of Finance at the Chinese University of Hong Kong (CUHK), and the Chairman of the Board of Trustees of Lingnan (University) College, Sun Yat-sen University. He is also the sponsor of the Corporate Social Responsibility Exchange Research Scholarship of CUHK, and was awarded a Beta Gamma Sigma Chapter Honoree Award from CUHK in recognition of his academic achievements and contribution to society.
Carol Liao is a Senior China Economist at J.P. Morgan.
Prior to joining J.P. Morgan, Ms. Liao was an Economist at the International Monetary Fund, where she covered Greater China from 2013 to 2015, and then the Asian region in 2016. She was a Research Economist at Hong Kong Monetary Authority from 2009 to 2012. She conducted research extensively on the China economy and international economic issues. She has published in leading peer-reviewed journals, including the Journal of International Economics and China Economic Review.
Ms. Liao obtained a Ph.D. in Economics from New York University.
Tai Hui is Chief Market Strategist of J.P. Morgan Asset Management in Asia, based in Hong Kong. With over 15 years of experience, Mr. Hui formulates and disseminates J.P. Morgan Asset Management’s view on the market, economy and investing to financial advisors and investors in the Asia region. With his knowledge and experience, he is able to explain and illustrate complex economic and financial issues in a digestible way, primarily via the Market Insights program. He also regularly appears on international and local financial media, including as a guest host on CNBC Asia, as well as Bloomberg TV and Reuters TV.
Prior to joining J.P. Morgan in 2012, Mr. Hui served as the Regional Head of Research (Asia) with Standard Chartered Bank in Singapore, covering the economic and financial development of the Asia region, and delivering his analysis to corporate and institutional clients.
Mr. Hui obtained a B.A. in Economics from Cambridge University and a Master of International and Public Affairs from the University of Hong Kong.
FEATURED SPEAKERS
MODERATOR
Tai Hui
Featuring
Chief Marketing Strategist, Asia J.P. Morgan Asset Management
Unpacking 'Made in China 2025'
2
1
Entering a golden era for international investors
1. Source: Bloomberg, May 2018
2. The MSCI All Country World Index (ACWI) is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. (Source: MSCI Barra).
China’s emergence from a developing nation into an economic powerhouse over the past four decades has been extraordinary, with real GDP growing at an average annual rate of around 10%. The outlook is bright as the government seeks to harness innovation in order to help rebalance the economy away from traditional industries and towards more dynamic areas, including services, technology and infrastructure.
This transition is creating new and exciting investment opportunities at a time when the Chinese government is opening access to its financial markets through a series of policy reforms. There is compelling evidence to suggest that China is entering a golden era for international investors against a background of steady economic growth and technological innovation.
Investment allocations to mainland China remain relatively low in global portfolios for various reasons. Notably, although the country makes up about 16% of the world economy, Chinese equities have only a 3% share of the MSCI All Country Index. This situation is changing as investors gain greater access to China’s domestic equity markets as well as opportunities to invest in large technology companies that have listed in the U.S..
China’s markets are starting to become more accessible to international investors.
Tai Hui, Chief Market Strategist, Asia, J.P. Morgan Asset Management
China is sending a consistent message to the world that it is continuing to open its economy.
Dr. Carol Liao, Senior China Economist, Corporate and Investment Banking, J.P. Morgan
A more stable environment
Meanwhile, Chinese authorities are becoming much more prudent at managing financial risks, which forms part of an encouraging message that international investors should reconsider their allocations to China. By investing through the Shanghai and Shenzhen stock markets, investors can introduce sources of return that are diversified from other regions and asset classes.
There remains a reluctance to invest in China due to other risks, including market liquidity and volatility. Yet conditions have become more stable over the past few years owing to two factors. First, domestic investors have been taught that you can’t get rich quickly in the equity markets. Second, the government has learned not to try to manage share prices after failed attempts to intervene.
As China’s equity market matures, investors are beginning to pay less attention to short-term news and focus instead on market fundamentals, such as return on equity, dividend yields and profitability. This shift towards a more long-term focus should also help to reduce volatility and create a more attractive investment environment.
Looking for implementation ideas?
Contact your J.P. Morgan representative today.
IMPORTANT INFORMATION
PURPOSE OF THIS MATERIAL
This material is for information purposes only. The information provided may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). The views and strategies described in the material may not be suitable for all investors and are subject to risks. This material is confidential and intended for your personal use. It should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. Please read this Important Information in its entirety.
LEGAL ENTITY AND REGULATORY INFORMATION
In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, may be subject to approval are offered by JPMorgan Chase Bank, N.A. Member FDIC.
JPMorgan Chase Bank, N.A. and its affiliates (collectively "JPMCB") offer investment products, which may include bank managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPM. Products not available in all states.
INVESTMENT PRODUCTS ARE: – NOT FDIC INSURED – NO BANK GUARANTEE – MAY LOSE VALUE
In the United Kingdom, this material is issued by J.P. Morgan International Bank Limited (JPMIB) with the registered office located at 25 Bank Street, Canary Wharf, London E14 5JP, registered in England No. 03838766. JPMIB is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. In addition, this material may be distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers or by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).
In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMIB and/or JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
In Australia, JPMCB (ABN 43 074 112 011/AFS Licence No: 238367) is regulated by the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority. JPMS is a registered foreign company (overseas) (ARBN 109293610) incorporated in Delaware, U.S.A. Under Australian financial services licensing requirements, carrying on a financial services business in Australia requires a financial service provider, such as JPMCBNA and JPMS, to hold an Australian Financial Services Licence (AFSL), unless an exemption applies. JPMS is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) (Act) in respect of financial services it provides to you, and is regulated by the SEC, FINRA and CFTC under US laws, which differ from Australian laws. Material provided by JPMCBNA and/or JPMS in Australia is to “wholesale clients” only. The information provided in this material is not intended to be, and must not be, distributed or passed on, directly or indirectly, to any other class of persons in Australia. For the purposes of this paragraph the term “wholesale client” has the meaning given in section 761G of the Act. Please inform us immediately if you are not a Wholesale Client now or if you cease to be a Wholesale Client at any time in the future.
With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. Receipt of this material does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund´s securities in compliance with the laws of the corresponding jurisdiction. Public Offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission – CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.
NON-RELIANCE
We believe the information contained in this material to be reliable and have sought to take reasonable care in its preparation; however, we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. We do not make any representation or warranty with regard to any computations, graphs, tables, diagrams or commentary in this material which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in it constitute our judgment based on current market conditions and are subject to change without notice. We assume no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, view expressed for other purposes or in other contexts, and this materials should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward looking statements should not be considered as guarantees or predictions of future events. Investors may get back less than they invested, and past performance is not a reliable indicator of future results.
RISKS, CONSIDERATIONS AND ADDITIONAL INFORMATION
There may be different or additional factors which are not reflected in this material, but which may impact on a client’s portfolio or investment decision. The information contained in this material is intended as general market commentary and should not be relied upon in isolation for the purpose of making an investment decision. Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document is intended to constitute a representation that any investment strategy or product is suitable for you. You should consider carefully whether any products and strategies discussed are suitable for your needs, and to obtain additional information prior to making an investment decision. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by JPM and/or its officers or employees, irrespective of whether or not such communication was given at your request. JPM and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions. Contact your J.P. Morgan representative for additional information concerning your personal investment goals. You should be aware of the general and specific risks relevant to the matters discussed in the material. You will independently, without any reliance on JPM, make your own judgment and decision with respect to any investment referenced in this material.
J.P. Morgan may hold a position for itself or our other clients which may not be consistent with the information, opinions, estimates, investment strategies or views expressed in this document. JPM or its affiliates may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as an underwriter, placement agent, advisor or lender to such issuer.
References in this report to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM.
If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan representative.
© 2018 JPMorgan Chase & Co. All rights reserved
This material is for information purposes only. The information provided may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). The views and strategies described in the material may not be suitable for all investors and are subject to risks. This material is confidential and intended for your personal use. It should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. Please read this Important Information in its entirety.
PURPOSE OF THIS MATERIAL
IMPORTANT INFORMATION
In the United States, Bank deposit accounts and related services, such as checking, savings and bank lending, may be subject to approval are offered by JPMorgan Chase Bank, N.A. Member FDIC.
JPMorgan Chase Bank, N.A. and its affiliates (collectively "JPMCB") offer investment products, which may include bank managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. JPMCB and JPMS are affiliated companies under the common control of JPM.
LEGAL ENTITY AND REGULATORY INFORMATION
In the United Kingdom, this material is issued by J.P. Morgan International Bank Limited (JPMIB) with the registered office located at 25 Bank Street, Canary Wharf, London E14 5JP, registered in England No. 03838766. JPMIB is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. In addition, this material may be distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers or by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).
In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMIB and/or JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
In Australia, JPMCB (ABN 43 074 112 011/AFS Licence No: 238367) is regulated by the Australian Securities and Investment Commission and the Australian Prudential Regulation Authority. JPMS is a registered foreign company (overseas) (ARBN 109293610) incorporated in Delaware, U.S.A. Under Australian financial services licensing requirements, carrying on a financial services business in Australia requires a financial service provider, such as JPMCBNA and JPMS, to hold an Australian Financial Services Licence (AFSL), unless an exemption applies. JPMS is exempt from the requirement to hold an AFSL under the Corporations Act 2001 (Cth) (Act) in respect of financial services it provides to you, and is regulated by the SEC, FINRA and CFTC under US laws, which differ from Australian laws. Material provided by JPMCBNA and/or JPMS in Australia is to “wholesale clients” only. The information provided in this material is not intended to be, and must not be, distributed or passed on, directly or indirectly, to any other class of persons in Australia. For the purposes of this paragraph the term “wholesale client” has the meaning given in section 761G of the Act. Please inform us immediately if you are not a Wholesale Client now or if you cease to be a Wholesale Client at any time in the future.
With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. Receipt of this material does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund´s securities in compliance with the laws of the corresponding jurisdiction. Public Offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission – CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.
INVESTMENT PRODUCTS: • NOT FDIC INSURED • NO BANK GUARANTEE
• MAY LOSE VALUE
We believe the information contained in this material to be reliable and have sought to take reasonable care in its preparation; however, we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. We do not make any representation or warranty with regard to any computations, graphs, tables, diagrams or commentary in this material which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in it constitute our judgment based on current market conditions and are subject to change without notice. We assume no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, view expressed for other purposes or in other contexts, and this materials should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward looking statements should not be considered as guarantees or predictions of future events. Investors may get back less than they invested, and past performance is not a reliable indicator of future results.
NON-RELIANCE
There may be different or additional factors which are not reflected in this material, but which may impact on a client’s portfolio or investment decision. The information contained in this material is intended as general market commentary and should not be relied upon in isolation for the purpose of making an investment decision. Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document is intended to constitute a representation that any investment strategy or product is suitable for you. You should consider carefully whether any products and strategies discussed are suitable for your needs, and to obtain additional information prior to making an investment decision. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by JPM and/or its officers or employees, irrespective of whether or not such communication was given at your request. JPM and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions. Contact your J.P. Morgan representative for additional information concerning your personal investment goals. You should be aware of the general and specific risks relevant to the matters discussed in the material. You will independently, without any reliance on JPM, make your own judgment and decision with respect to any investment referenced in this material.
J.P. Morgan may hold a position for itself or our other clients which may not be consistent with the information, opinions, estimates, investment strategies or views expressed in this document. JPM or its affiliates may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as an underwriter, placement agent, advisor or lender to such issuer.
References in this report to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM.
If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan representative.
© 2018 JPMorgan Chase & Co. All rights reserved.
RISKS, CONSIDERATIONS AND ADDITIONAL INFORMATION
Contact your J.P. Morgan representative today.
Looking for implementation ideas?
MODERATOR
FEATURED SPEAKERS
Tai Hui is Chief Market Strategist of J.P. Morgan Asset Management in Asia, based in Hong Kong. With over 15 years of experience, Mr. Hui formulates and disseminates J.P. Morgan Asset Management’s view on the market, economy and investing to financial advisors and investors in the Asia region. With his knowledge and experience, he is able to explain and illustrate complex economic and financial issues in a digestible way, primarily via the Market Insights program. He also regularly appears on international and local financial media, including as a guest host on CNBC Asia, as well as Bloomberg TV and Reuters TV.
Prior to joining J.P. Morgan in 2012, Mr. Hui served as the Regional Head of Research (Asia) with Standard Chartered Bank in Singapore, covering the economic and financial development of the Asia region, and delivering his analysis to corporate and institutional clients.
Mr. Hui obtained a B.A. in Economics from Cambridge University and a Master of International and Public Affairs from the University of Hong Kong.
Carol Liao is a Senior China Economist at J.P. Morgan.
Prior to joining J.P. Morgan, Ms. Liao was an Economist at the International Monetary Fund, where she covered Greater China from 2013 to 2015, and then the Asian region in 2016. She was a Research Economist at Hong Kong Monetary Authority from 2009 to 2012. She conducted research extensively on the China economy and international economic issues. She has published in leading peer-reviewed journals, including the Journal of International Economics and China Economic Review.
Ms. Liao obtained a Ph.D. in Economics from New York University.
James Wang is Chairman of China Alpha Fund Management (HK) Limited. With over 20 years of securities and investment experience in China, he has held senior executive positions in various financial institutions since the beginning of China’s stock market development in the 1990s.
In 2002, Mr. Wang founded a Greater China long/short equity fund, one of the oldest in the industry, which has gone through many bull-and bear-market cycles.
With his focus on community, Mr. Wang has dedicated himself to the development of the financial sector and education in Hong Kong. He is the present incumbent Adjunct Professor in the Department of Finance at the Chinese University of Hong Kong (CUHK), and the Chairman of the Board of Trustees of Lingnan (University) College, Sun Yat-sen University. He is also the sponsor of the Corporate Social Responsibility Exchange Research Scholarship of CUHK, and was awarded a Beta Gamma Sigma Chapter Honoree Award from CUHK in recognition of his academic achievements and contribution to society.
Min-Liang Tan is Co-Founder and has served as Chief Executive Officer of Razer since September 2006. Mr. Tan also serves as the Creative Director and is responsible for directing and overseeing the design and development of all Razer’s products.
Prior to founding Razer in 2005, Mr. Tan was an attorney at Rajah & Tann, a law firm in Singapore.
Mr. Tan obtained a bachelor’s degree in Law from the National University of Singapore in August 2002.
Adam Tejpaul is Chief Executive Officer of J.P. Morgan Latin America Private Bank. Based in New York City, he is responsible for the global Latin America business with its core locations in New York, Miami, Geneva, Mexico and Brazil. He also leads a New York–based team that serves global families.
Mr. Tejpaul is a 19-year veteran of J.P. Morgan with a unique combination of client-facing and risk management–related experience, as well as 12 years of international experience in Asia, and in Europe, the Middle East and Africa. Most recently, he served as Wealth Management’s Chief Risk Officer. Prior to that, he was Head of Investments for J.P. Morgan Private Bank in Asia. Before moving to Asia in 2008, he held roles as Head of Investors for the firm’s London business and Head of Fixed Income, Currencies and Commodities for the Private Bank in Europe, the Middle East and Africa.
Mr. Tejpaul joined J.P. Morgan from Georgetown University, where he studied Finance and Art History. He has completed further coursework at the New York Institute of Finance and graduated from Harvard Business School’s General Management Program.
Mr. Tejpaul lives in New York with his wife and two children, and spends his free time pursuing athletic endeavors, including boxing, swimming and horseback riding.
X
Meanwhile, Chinese authorities are becoming much more prudent at managing financial risks, which forms part of an encouraging message that international investors should reconsider their allocations to China. By investing through the Shanghai and Shenzhen stock markets, investors can introduce sources of return that are diversified from other regions and asset classes.
There remains a reluctance to invest in China due to other risks, including market liquidity and volatility. Yet conditions have become more stable over the past few years owing to two factors. First, domestic investors have been taught that you can’t get rich quickly in the equity markets. Second, the government has learned not to try to manage share prices after failed attempts to intervene.
As China’s equity market matures, investors are beginning to pay less attention to short-term news and focus instead on market fundamentals, such as return on equity, dividend yields and profitability. This shift towards a more long-term focus should also help to reduce volatility and create a more attractive investment environment.
A more stable environment
Tai Hui
Chief Marketing Strategist, Asia
J.P. Morgan Asset Management
China’s markets are starting to become more accessible to international investors.
China’s emergence from a developing nation into an economic powerhouse over the past four decades has been extraordinary, with real GDP growing at an average annual rate of around 10%. The outlook is bright as the government seeks to harness innovation in order to help rebalance the economy away from traditional industries and towards more dynamic areas, including services, technology and infrastructure.
This transition is creating new and exciting investment opportunities at a time when the Chinese government is opening access to its financial markets through a series of policy reforms. There is compelling evidence to suggest that China is entering a golden era for international investors against a background of steady economic growth and technological innovation.
Investment allocations to mainland China remain relatively low in global portfolios for various reasons. Notably, although the country makes up about 16% of the world economy, Chinese equities have only a 3% share of the MSCI All Country Index. This situation is changing as investors gain greater access to China’s domestic equity markets as well as opportunities to invest in large technology companies that have listed in the U.S..
Entering a golden era for international investors
Dr. Carol Liao
Senior China Economist
Corporate and Investment Banking
J.P. Morgan
China is sending a consistent message to the world that it is continuing to open its economy.
Unpacking 'Made in China 2025'
Featuring
Chief Marketing Strategist, Asia
J.P. Morgan Asset Management
Tai Hui
Entering a golden era for international investors
China:
China under the Macroscope
China’s growth record is impressive. This panel discussed what factors will help China achieve its ambitious targets including a look at the impact of the escalating trade tensions, the health of the financial sector, the One Belt One Road Initiative and more.
China
Cybersecurity (UPCOMING)
Tech-tonic (UPCOMING)
Artificial Intelligence (UPCOMING)
Esports
Tech Ecosystems (UPCOMING)
The Physical Matrix (UPCOMING)
FinTech (UPCOMING)
Investing in Tech (UPCOMING)
Explore Ideas & Insights
Top 10 Takeaways
Panel Summary
|
|
China
Cybersecurity
Tech-tonic
Artificial Intelligence
Esports
Tech Ecosystems
The Physical Matrix
FinTech
Investing in Tech
Min-Liang Tan
Oliver Wang (UPCOMING)
Top 10 Takeaways
Panel Summary
Leadership Edge
China
Cybersecurity
Tech-tonic
Artificial Intelligence
Esports
Tech Ecosystems
The Physical Matrix
FinTech
Investing in Tech
Min-Liang Tan
Oliver Wang
Top 10 Takeaways
Panel Summary
Leadership Edge