Latest 58.com Inc News and Updates
What Do Hedge Fund Managers Have to Say about China?
Hedge fund managers have expressed mixed opinions about the Chinese economy. China’s total debt-to-GDP ratio is currently in the range of 240%–270%, compared to 150% a decade ago.
Analyzing Risk-Adjusted Returns of Four China-Focused Mutual Funds
Risk-adjusted returns is a concept that can be used to determine how much return an investment can provide with the given level of risk associated with it.
How Did the Fidelity China Region Fund Class C Perform in August?
The Fidelity China Region Fund Class C (FHKCX) aims to achieve long-term capital growth.
SSE Composite Index Falls despite China’s New IPO System
The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.
How Did China’s Service Sector Fare in March?
China’s service sector expanded at a moderate pace in March. The Caixin China General Services Business Activity Index beat the neutral value of 50 to come in at 51.3 in March.
The People’s Bank of China Surprises Currency Markets
The Chinese yuan depreciated by 1.8% on August 11, 2015, as the People’s Bank of China (PBOC) aimed to boost the depressed economy and push exports.
The Caixin China Services and Composite PMI in October
The Caixin Composite Output Index stood at 49.9 in October—slightly below the neutral 50.0 value—up from 48.0 in September.
Depressed Consumer Spending Hurt the Fidelity Advisor Overseas Fund
The Fidelity Advisor Overseas Fund – Class A (FAOAX) has emerged as a below-average performer in YTD 2016 among the 12 funds chosen for this review.
SSE Composite Index Fell after the United Kingdom’s Vote
The SSE Composite Index fell for the week ending June 24. The United Kingdom’s vote to leave the EU caused tremors across global markets.
A Dismal YTD 2016 for the Fidelity Advisor Overseas Fund
The Fidelity Advisor Overseas Fund – Class A (FAOAX) is positioned for a consumption-driven upturn, and it has preferred tech stocks over financials.
SSE Composite Index Rose ahead of Long Weekend
The SSE Composite Index rose slightly by 0.4% to 2,927.16 from June 1 to June 8, 2016, as the market prepared for the long weekend.
SSE Composite Index Was Almost Flat Due to Growing Uncertainty
The SSE Composite Index was almost flat for the week ending May 27. It ended at 2,821.05 on May 22. Investors were cautious about a probable rate hike in the US.
China’s Fixed-Asset Investment Fell in April
Fixed-asset investment is considered a key driver of China’s economic growth. China’s urban fixed-asset investment grew by 10.5% YoY to 13,259.2 billion yuan in the first four months of 2016.
Caixin China Services and Composite PMI Soften in April
The Caixin China General Services Business Activity Index came in at 51.8 in April, above the neutral 50.0 level and lower than 52.2 in March.
China’s GDP Grew in 1Q16: How Were Mutual Funds Affected?
China’s GDP grew 6.7% in the first quarter of 2016, indicating that the Chinese economy is rebounding.
How Did Caixin China Services and Composite PMI Trend?
The Caixin China General Services Business Activity Index came in above the neutral 50.0 value at 51.2 in February, which was down from 52.4 in January.
Fundamental Facts about FSEAX
As stated in FSEAX’s literature, financials were the single-largest sectoral holding of the fund and formed 30.8% of the portfolio as of January 2016.
Columbia Greater China Fund: Information Technology Sector Focus
The Columbia Greater China Fund – Class A (NGCAX) fell by 0.5% in December 2015 from a month prior. In the fourth quarter ended December 31, the fund was up by 10.0%.
Fidelity Advisor China Region Fund: The Largest Fund by Net Assets
The Fidelity Advisor China Region Fund – Class A (FHKAX) is the largest fund by net assets. According to the latest available data for January 2016, it had portfolio assets of $1.05 billion with a net expense ratio of 1.28%.
China’s Retail Sector Emerged as a Bright Spot in Slowing Economy
According to Boston Consulting Group, China’s total retail sales are forecasted to grow by 50% to $6.5 trillion by 2020 with online transactions growing by nearly 25%.
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.
SSE Composite Index Was Flat from January 27 to February 3
The SSE Composite Index was flat from January 27 to February 3. It ended at 2,739.25 points on February 3, 2016.
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.
Caixin China Composite PMI: Reduced Business Activity in December
The Caixin Composite Output Index stood at 49.4 in December, below the neutral 50.0 value and also down from November’s reading of 50.5.
Chinese Yuan Has a Bearish Outlook in 2016
One of the most eventful currencies in 2015 was the Chinese yuan, as the PBOC (People’s Bank of China) devalued the currency to increase export competitiveness.
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.
How Did the Shanghai Stock Exchange Composite Index Perform?
The Shanghai Stock Exchange (or SSE) Composite Index fell by 3.1% from November 25 to December 2, and ended at 3,536.9 points on December 2, 2015.
China’s Retail Sales Rose in October
China’s retail sales data continue to surprise the market. Its total retail sales of consumer goods rose 11.0% YoY to 2.8 trillion yuan in October.
SSE Composite Index Fell for the Week Ending September 25
The SSE (Shanghai Stock Exchange) Composite Index fell by 0.20% week-over-week and ended at 3,092.35 points on September 25, 2015.
Performance of SSE Composite Index for the week of September 18
The SSE Composite Index fell 3.2% week-over-week and ended at 3,097.92 points on September 18, 2015.
Surprise Yuan Devaluation and the Consequences
The yuan devaluation may provide little help in boosting exports. The People’s Bank of China (or PBoC) surprisingly devalued the yuan by nearly 2% against the US dollar on August 11.
An Overview of Developments in China in the Last 3 Months
Reactions to the impact of China’s recent developments on our investments ranged from a shrug to a bloodbath. This series examines investments focused on Asian nations that have close ties with the regional heavyweight.
How Have China-Focused Mutual Funds Performed?
In the one-month period ended August 4, 2015, each of the four funds we’re covering in this series posted negative returns due to the stock market crash that spread from the end of June until July.
Why the Chinese Stock Market Meltdown Is Just the Tip of the Iceberg
The Chinese stock market meltdown is just one of the indicators of how fragile the Chinese economy is.