Eligible under Capital Investment Entrant Scheme (CIES)1
Given China’s ongoing stimulus and opening-up of stock markets, we believe the road ahead is paved for investors with opportunities.
China’s economy expanded 8.1% in 2021. While 2022 growth is expected to normalize to 3.2%, growth in 2023 should accelerate and buckle the downward trend of major economies, according to IMF’s forecast.
GDP growth forecast (%)2
Online travel agencies (OTAs) have captured majority of travel user traffic in Mainland China, should benefit from gradual reopening and rising online penetration, which is just above 30% compared to 40-50% in the US and Europe, suggesting higher growth rate of OTAs will continue.
OTA’s online penetration in hotel GMV3
The EV (electric vehicles) and smart car value chain provide investors with rich opportunities, thanks to the robust domestic demand in Mainland China and local industry’s increasing presence in the global EV supply chain.
Global electric vehicles battery manufacturer market share (2021)4
Mainland China aims for CO2 emissions peak by 2030 and carbon neutrality by 2060, the time between China’s carbon peak and neutrality is only 30 years. To meet this goal, the share of non-fossil fuels in primary energy consumption is expected to rise to around 20% by 2025, more than 80% by 2060, according to government’s targets.
Non-fossil fuels as % of primary energy consumption5
R&D / Innovation
Our investment team holds a medium- to long-term view, but makes adjustments in the short-term according to market conditions. We aim to hold a concentrated portfolio with 40-55 stocks6.
Our investment team makes flexible and dynamic allocations between China and Hong Kong equities, according to changes in market conditions, government policies, industry trends and individual holdings.
In addition to successfully capture many uptrend opportunities through teamwork, we also select stocks through lateral thinking. By thinking a few steps ahead, we target to achieve outstanding results that outperform others in the industry.
Equity investment experts in the Greater China region8
of track record9
USD 360 million
Assets under management10