invesco managing director huang jiacheng: china is currently cultivating its "internal strength", and economic transformation will still take some time
2024-09-19
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on september 19, at the media exchange meeting on invesco's fourth quarter fixed income market outlook for 2024, invesco managing director and head of fixed income in asia pacific, huang jiacheng, believed that china's current policies are in a state of consolidating the foundation and enterprises are also on a healthy growth path. "i think china is currently cultivating its 'internal strength', and we can also see some changes in it, such as china's gdp growth will be driven by consumption, and many enterprises will go overseas." he further emphasized that china's economic transformation will take some time.
huang jiacheng believes that inflation in the asian market and the federal reserve's decision to cut interest rates by 50 basis points have given china more room to implement policies. he pointed out, "china's current monetary policy is not very loose, but it is supported. in 2018, we saw the government introduce measures to maintain stability, and these measures are still being implemented. we have also clearly seen that billions of dollars have flowed into china's a-shares and hong kong stocks recently. good assets will attract good funds to invest, which will slowly show up in the flow of market funds. in addition, the current pricing of hong kong stocks and a-shares is very attractive, which can make many domestic and foreign investors continue to pay attention to these two markets." (ding xinqing, reporter of the paper)
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