AsianInvestor on Nostr: Ping An bets on policy push, SOE stocks amid China uncertainty ========== Ping An ...
Ping An bets on policy push, SOE stocks amid China uncertainty
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Ping An Insurance's investment chief, Benjamin Deng, expects two US rate cuts this year, allowing China to follow suit. Deng anticipates the Federal Reserve to lower interest rates by 50 basis points twice this year, potentially paving the way for two rate reductions in China as it aims to maintain a stable currency. Beijing would maintain a stable monetary policy and an active fiscal policy. The interest rate in China can go down another 10 to 20 basis points this year. Ping An's risk asset portfolio has more than half of its assets invested in high-dividend Chinese stocks, which comprise state-owned enterprises (SOEs) across various sectors such as financial services, energy, telecommunication, and infrastructure. Year to date, Ping An's high-dividend stock portfolio has gone up by 18%, beating the CSI 300 Index, which was up about 6.4%.
#PingAnInsurance #China #UsRateCuts #SoeStocks #Investment #InterestRates #FiscalPolicy
https://www.asianinvestor.net/article/ping-an-bets-on-policy-push-soe-stocks-amid-china-uncertainty/496253
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Ping An Insurance's investment chief, Benjamin Deng, expects two US rate cuts this year, allowing China to follow suit. Deng anticipates the Federal Reserve to lower interest rates by 50 basis points twice this year, potentially paving the way for two rate reductions in China as it aims to maintain a stable currency. Beijing would maintain a stable monetary policy and an active fiscal policy. The interest rate in China can go down another 10 to 20 basis points this year. Ping An's risk asset portfolio has more than half of its assets invested in high-dividend Chinese stocks, which comprise state-owned enterprises (SOEs) across various sectors such as financial services, energy, telecommunication, and infrastructure. Year to date, Ping An's high-dividend stock portfolio has gone up by 18%, beating the CSI 300 Index, which was up about 6.4%.
#PingAnInsurance #China #UsRateCuts #SoeStocks #Investment #InterestRates #FiscalPolicy
https://www.asianinvestor.net/article/ping-an-bets-on-policy-push-soe-stocks-amid-china-uncertainty/496253