China’s Currency: Still Heading Up

The prospect of currency gains has long been a key attraction for investors seeking exposure to Chinese assets. But this week, The People’s Bank of China said China’s currency, the renminbi, was now close to its “equilibrium value.” We think the currency’s  appreciation is far from over, as my colleague Anthony Chan explains below.

read more

More on Dim Sum Bonds

A reader of my recent article on dim sum bonds, which was reposted on Seeking Alpha, expressed confusion about what action we recommend. While we are not, per se, making recommendations, here’s a clarification of what I meant.

read more

Time for Caution on “Dim Sum” Bonds

The fast-growing market in “dim sum” bonds has been an enticing choice for foreign investors with an appetite for assets denominated in China’s currency, the renminbi. But recent rule changes by Chinese regulators that open the market to further issuance may give investors a bellyache in the near term.

read more

Will China Help Refocus the Market on the Long Term?

Many Americans fear that China may curtail its buying of Treasury bonds, which could drive up interest rates and slow economic growth. But less Chinese investment in Treasuries might be a blessing in disguise

read more

Archives by Month:

Archives by Subject: