China Perspectives
31 episodes - English - Latest episode: about 2 months ago - ★★★★★ - 3 ratingsChina Perspectives series is a monthly discussion on the latest credit market and economic developments from China with experts from both within and outside of Fitch Ratings.
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Episodes
China’s Changing Role in Global Commodity Market
May 27, 2024 03:42 - 12 minutes - 28.2 MBHenry Hao, Principal Economist at CRU, discusses structural shifts of China’s role in the global commodity market.
China’s Coal Mining Industry
April 25, 2024 14:34 - 9 minutes - 21.4 MBWei 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 risks
China-ASEAN Trade Trends
April 02, 2024 09:38 - 26 minutes - 36.7 MBDr. 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 Outlook (13:50) - China’s View of ASEAN Trade Relationship (16:26) - China’s Bilateral Surplus with ASEAN (19:43) - Shifting Supply ...
China’s Big Four National Asset Management Companies
March 20, 2024 03:46 - 20 minutes - 38.2 MBKatie 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 (14:06) - Change of ownership (16:44) - Rating action plan
China’s 2024 Credit Outlook
February 06, 2024 09:41 - 21 minutes - 29 MBJeremy 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) - Corporate sector outlook (16:21) - Banking sector outlook (19:11) - Key things to watch out for
Chinese Corporates’ Role in Global Supply Chain Diversification
December 21, 2023 12:57 - 23 minutes - 32.9 MBFlora 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 (10:29) - China’s Shifting Trade Patterns (12:53) - Intermediate Goods Exports (14:36) - Outlook for Chinese Firms’ Role in Global S...
Can China’s Property Market be Revived?
November 23, 2023 08:20 - 16 minutes - 23.3 MBTyran 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’ financing access (13:50) - Defaulted developers’ debt restructuring
China ESG Update: Green Bond and Carbon Markets
November 01, 2023 14:38 - 21 minutes - 29.3 MBJingwei 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 Market (07:33) - Green Bond Market Performance and the “Greenium” (09:26) - Key Investor Concerns for Green Bonds (12:54) - China’s C...
China Perspectives Welcomes a New Host
October 18, 2023 04:01 - 56 seconds - 1.35 MBJeremy 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.
Chinese Construction Companies’ Business Transformation
September 28, 2023 08:08 - 24 minutes - 33.7 MBCharles 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 opportunities from infrastructure projects (09:39) - Construction companies’ transition strategy (13:00) - Long-term structural challenges ...
China’s Electric Vehicles Boom
August 01, 2023 08:45 - 19 minutes - 35.3 MBJing 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 foreign and JV brands catch up? (11:02) - Evolving competitive landscape (14:00) - China’s EV exports (16:10) - Risks of Chinese...
An Industry Veteran’s Perspective on China’s Real Estate Market and Economy
June 30, 2023 03:45 - 31 minutes - 57.4 MBJames 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 and the broader economy. (00:00) - Introduction (02:00) - China’s residential market condition (03:27) - Policy direction and stimulus...
China’s Economy and Bond Market
May 08, 2023 09:55 - 31 minutes - 43.2 MBAlvin 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 to China’s recovery (06:09) - Deflation and inflation risks (09:25) - China’s bond market opportunities for foreign asset managers ...
China’s Consumption Recovery Prospects
March 30, 2023 07:35 - 22 minutes - 31.1 MBJenny 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 (08:34) - Sub-segments’ performance (14:11) - Changing consumer behaviour (16:52) - E-tailing sector’s competitive landscape (20:35)...
China’s Post-Pandemic Economic Recovery
March 13, 2023 07:08 - 31 minutes - 28.8 MBGene 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.
China’s Long-Term Growth Prospects
January 31, 2023 08:10 - 33 minutes - 30.9 MBDominik 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.
Macao Gaming – An Elusive Recovery
September 29, 2022 12:00 - 37 minutes - 34.6 MBColin 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.
China Macro Update – Property, Jobs, and COVID
August 26, 2022 07:26 - 30 minutes - 28.3 MBDan 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.
How Does the Chinese Government Decide Whether to Support Firms in Distress?
July 29, 2022 00:57 - 25 minutes - 23.2 MBJenny 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.
How is the Omicron Outbreak and War in Ukraine Impacting China’s Economy and Policy Outlook?
April 28, 2022 17:19 - 30 minutes - 71.1 MBLong 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.
A Farewell Conversation with Tara Joseph, President of the American Chamber of Commerce in Hong Kong
March 28, 2022 17:56 - 30 minutes - 28.4 MBTara 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.
What's Next for China's Beleaguered Property Developers?
March 07, 2022 02:07 - 24 minutes - 22.7 MBAdrian 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.
A Conversation with the Honourable Paul Chan, Financial Secretary of Hong Kong SAR
January 27, 2022 16:45 - 33 minutes - 31 MBThe 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.
Are Chinese Banks Becoming Safer?
November 08, 2021 14:02 - 22 minutes - 20.3 MBGrace 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.
Is China Facing a Property Bubble?
October 08, 2021 03:41 - 32 minutes - 30 MBJonathan 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.
Financing China’s SMEs with Charles Li
August 26, 2021 09:39 - 32 minutes - 29.4 MBCharles 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.
The Birth and Growth of Bond Connect
August 02, 2021 00:49 - 33 minutes - 30.6 MBJulien 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.
A Discussion with the World Bank
July 13, 2021 13:06 - 31 minutes - 28.7 MBSebastian 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.
China’s Decarbonization Ambitions
May 31, 2021 09:19 - 29 minutes - 54.3 MBIn 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.
Chinese Corporate Defaults
April 30, 2021 08:49 - 27 minutes - 37.4 MBIn 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.
Fitch Presents "China Perspectives"
March 28, 2021 03:33 - 1 minute - 1.05 MBJoin 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.