Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: As growth is slowing down, China may internationalise RMB soon

Friday, September 14, 2012

amb
Chinese Premier Wen
An Opalesque column for macro investors.

Benedicte Gravrand, Opalesque Geneva:

Chinese Premier Wen said in a speech on China’s economy in Davos this week: "Although growth is slowing down, it is more stable. We will give greater priority to stabilising and maintaining the continuity and stability of our policies." According to Xinhuanet.com, Wen also rebutted the view that China's growth has come to an end after 30 years of reforms and opening-up, arguing that the country voluntarily lowered its economic growth target to stabilize the growth and adjust the economic structures.

Chong How Ong, the Singapore-based portfolio manager of Reech AiM, an asset management group, thinks the new Chinese leadership under Xi JinPing (the man in line to be China’s next president) would be daunting if the country was to continue to double the GDP in a decade, though not impossible if Renminbi (RMB) internationalises.

When China cut its interest rate by 25 bps in June – a first since Dec’08 – the markets rallied at the surprise. The country allowed a 10% deviation on the deposit rate and a 20% deviation on the lending rate versus the official benchmark rate, and this watershed development signalled a move towards a more flexible......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass