In Conversation with GROW – November 2023 Edition

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments.

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In this episode of our monthly China update, Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, engages in a conversation with Hong Hao, Partner and Chief Economist at GROW Investment Group to discuss recent developments in the Chinese market. 

The Ministry of Finance of China announced in late October that it would approve an additional RMB1trn issuance of sovereign bonds to raise its budget deficit ratio. Can we be more constructive on growth policies, especially with the central economic working conference coming soon in December?

As we head into year end, how will the Chinese economy look like in 2024?  What will be the key drivers of growth?

Given our view that the US rate hike cycle is probably over, there is a chance that the US dollar may marginally weaken next year. What is our view for the RMB at this point and for the next year?

Finally, following the sharp correction in Hong Kong and Chinese stock markets in the past two weeks, what are the investment opportunities and what sectors look attractive at this juncture?

Tune in to this episode to gain a deeper understanding of these topics and stay informed about the latest updates in the Chinese market.