Samuel Kwok, Head of Fitch’s APAC International Public Finance shares his views on China’s local government and LGFV debt problem. (01:21) - 1H24 local governments’ fiscal trends (04:02) - Expect marginal improvement in 2H24 (05:30) - Effect of measures to de-risk twelve “high-risk” provinces (08:22) - LGFVs’ onshore bond yields at record low (11:2…

Shuncheng Zhang, Associate Director of Fitch’s China Corporates Team based in Shanghai, shares China’s housing demand forecast from 2024 to 2040. (00:00) - Introduction (01:05) - 2024-2040 Housing Demand (03:43) - New Private Home Supply (06:08) - Overview of Forecast Model (09:13) - Factors Leading to Demand Plunge (12:47) - Public and Secondary H…

Lan Wang, Senior Director in Fitch’s Credit Policy Group, joins for a wide-ranging discussion on China credit developments, including recent rating actions, growth prospects, property and banking sector outlooks, and recent EU tariffs on Chinese EVs. (00:00) - Introduction (00:55) - China Sovereign Rating Action (01:48) - Rating actions in other Ch…

Henry Hao, Principal Economist at CRU, discusses structural shifts of China’s role in the global commodity market.توسط Fitch Ratings

Wei Yu, Director of Fitch Ratings, discusses key credit trends of China’s coal mining industry. (00:00) - Introduction (00:34) - View on coal prices (02:00) - Debt reduction (03:21) - Financial burden and structural challenges (06:10) - Financing conditions (07:23) - Energy transition risksتوسط Fitch Ratings

Dr. Deborah Elms, Head of Trade Policy at the Hinrich Foundation, discusses China-ASEAN trade ties focusing on key policy issues, supply chain diversification trends, and the outlook for the trade relationship amid rising geopolitical risks. (00:00) - Introduction (04:43) - China-ASEAN Trade Trends (07:02) - Impact of RCEP (09:34) - Trade Policy Ou…

Katie Chen, Senior Director of Fitch Ratings, discusses key credit trends of China’s Big Four national asset management companies. (00:00) - Introduction (01:30) - National AMCs' evolving risks (04:35) - 2024 sector credit outlook (06:49) - Government support stance (10:08) - Differentiation in government export (11:37) - National AMCs' policy role…

Jeremy Zook and Ying Wang, co-hosts of China Perspectives podcast, hold a fireside chat about China’s 2024 credit outlook. (00:00) - Introduction (00:45) - 2024 macro view (02:53) - Property sector outlook (04:29) - Policy response (07:17) - Infrastructure investment growth (08:41) - Sovereign rating pressure (11:10) - LGFV sector outlook (13:31) -…

Flora Zhu, Director in Fitch’s Corporate Research team in Beijing discusses shifting FDI and trade patterns by Chinese corporates in the context of global supply chain diversification. (00:00) - Introduction (01:49) - Drivers of Outbound FDI (03:48) - Key FDI Destinations (06:04) - Sectors Driving Outbound FDI (08:39) - Outlook for Outbound FDI (10…

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…

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 Mar…

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.توسط Fitch Ratings

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 opportu…

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 fo…

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 a…

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 t…

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…

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings

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.توسط Fitch Ratings