Guinness Atkinson China & Hong Kong
Exports Recover as China Shifts Its Base in 2017
Chinese exports in US dollar terms fell 7.7% in 2016 compared to 2015, making it the worst decline since 2009.
China’s Retail Sales Lost Their Spark in April
In the first four months of the year, China’s retail sales rose 10.3% year-over-year to 10.3 trillion yuan ($1.6 trillion).
China’s MNI Business Sentiment Expanded in April, Caution Prevails
China’s MNI Business Sentiment Indicator expanded to 50.5 in April due to stimulus measures from Chinese authorities to boost economic growth.
China’s 3-Month Selling Ban Expires: Effect on Chinese Stocks
China’s SSE (Shanghai Stock Exchange) Composite Index was nearly flat from March 31, 2016, to April 7, 2016, and ended at 3,008.4 on April 7.
Eyeing the Threshold: Caixin China Manufacturing PMI in March
The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.
China’s Exports Fell in February amid Lackluster Global Demand
China’s exports fell sharply by 25.4% YoY (year-over-year) in February—compared to a decline of 11.2% in January. It was the largest decline since May 2009.
Why China’s MNI Business Sentiment Weakened Further in February
China’s MNI business sentiment indicator fell to 49.9 in February from 52.3 in January.
Why Mark Mobius Sees an Opportunity in China
China’s exports fell sharply by 11.2% year-over-year (or YoY) in January as compared to a decline of 1.4% in December.
Will the Year of the Monkey Bring Good Fortune to China?
The Year of the Monkey is believed to be energetic and positive. Leading up to the New Year, the Shanghai Stock Exchange Composite Index was flat for the week ending February 5 and closed at 2,763.49 points.
China’s MNI Business Sentiment Fell in January
China’s MNI Business Sentiment Indicator fell to 52.3 in January from 52.7 in December. The overall indicator fell, but production and new orders rose in January.
Company & Industry Overviews
Mark Mobius Believes Chinese Fundamentals Are Strong
Mark Mobius believes Chinese markets are volatile because the government is trying to achieve stability and to keep the markets free from capital controls.
China’s MNI Business Sentiment Rose in December 2015
China’s MNI Business Sentiment Indicator rose 5.6% to 52.7 in December—above the neutral level of 50 and also higher than November’s reading of 49.9.
China’s Retail Sales Emerge as Bright Spot in November
With the slowdown in Chinese local and foreign sales, an increase in China’s retail sales becomes the bright spot in the country’s economy.
Hedge Fund Managers’ Take on the Chinese Currency and Economy
Several hedge fund managers share the same view about Chinese markets and are losing faith in China’s ability to turn its economy around.
Caixin China Manufacturing PMI Stabilizes in November
The Caixin China Manufacturing PMI was 48.6 in November, slightly up from 48.3 in October, as manufacturing units signaled stabilized output in November.
China’s Business Sentiment Contracts Fell in November
In November, China’s MNI Business Sentiment Indicator fell 10.3% to 49.9—below the neutral level of 50. It was also lower than the October reading of 55.6.
Performance of SSE Composite Index for Week Ended November 13
The SSE Composite Index fell 0.25% and closed at 3,580.8 points for the week ended November 13, 2015. The SSE Composite Index was down after most of China’s macroeconomic indicators pointed to a slowdown.
What Do China’s CPI, PPI, and Debt Data Indicate?
China’s consumer price index (or CPI) rose to 1.6% year-over-year in September, mainly due to higher food prices and not improvement in economic activity.
The Shanghai Stock Exchange Composite Index Was Up October 16–23
The SSE Composite Index was up by 0.6% from October 16 to October 23, 2015, and ended at 3,412.43 points on the week ended October 23, 2015.
The Guinness Atkinson China and Hong Kong Fund in 3Q15
The goal of the Guinness Atkinson China and Hong Kong Fund aims for long-term capital appreciation by investing in securities of China and Hong Kong.