Finance

By Li Haitao, Dean’s Distinguished Chair, Professor of Finance and Associate Dean, Cheung Kong Graduate School of Business Inflation has become a global problem. In May, the US’s year-on-year (YoY) CPI was 8.6% whereas its Core Personal Consumption Expenditure (PCE) Price Index was 4.9% on a YoY basis, both recorded at the highest level in the past four decades. The Euro zone and …

Continue reading “Interest Rate Hike and the Risks of a Hard Landing in the US”

Dr. Li Haitao – Dean’s Distinguished Chair Professor of Finance at Cheung Kong Graduate School of Business Since April 2022, the renminbi exchange rate has depreciated sharply, from 6.4 to 6.6 to the dollar. To mitigate further depreciation, the People’s Bank of China (PBOC) announced on May 15 that it would cut the reserve requirement ratio …

Continue reading “The Causes of the Recent Renminbi Depreciation”

Dr. Li Haitao – Dean’s Distinguished Chair Professor of Finance at Cheung Kong Graduate School of Business In the first quarter of 2022, due to the Russia-Ukraine war and lockdowns across many regions, China experienced a downturn in growth rates. The GDP growth rate was 4.8% year-on-year, industrial output 6.5%, retail consumer goods 3.3%, fixed …

Continue reading “Facing downward pressure on its economy, how can China achieve its 5.5% growth target?”

Tao Zhigang, Professor of Strategy and Economics, Cheung Kong Graduate School of Business In February this year (2022), U.S inflation hit a 40-year high. According to data from the U.S. Bureau of Labor Statistics, the consumer price index (CPI) has risen 7.95% year-on-year (2022) and 0.8% month-on-month (February 2022). Since the Federal Reserve’s March meeting, …

Continue reading “After Five Years of China-US Trade Frictions, How Are Companies Dealing with Uncertainty?”

By Li Wei, Professor of Economics at Cheung Kong Graduate School of Business Recently, Chinese stocks listed overseas, known as ‘China Concepts Stock’, have been on a roller coaster ride. The stock prices of these companies have been falling since the beginning of 2021. Take the S&P China A50 Index, for example: it fell from a high …

Continue reading “Should Chinese Stocks be Listed on International Stock Exchanges?”

Authors: Li Haitao and Lin Xi Since the Russian invasion of Ukraine, global capital markets have taken a plunge – natural gas prices have been surging in Europe, the London Metal Exchange has seen the unprecedented short squeeze in nickel, and U.S. stocks have tumbled. Capital markets have responded pessimistically in response to the uncertainties surrounding the Russia-Ukraine …

Continue reading “Russia-Ukraine Conflict has Limited Impact on China while China A-Shares Enter a Period of Risk Aversion”

Cheung Kong Graduate School of Business (CKGSB) launches a report, “China’s Economy: Its Past, Present and Future,” featuring eight Chinese and global experts who weigh in on the key trends and changes in China’s economic…

As the current COVID-19 pandemic curve begins to flatten in China, the global environment can be seen as a stark contrast. “Against such a solemn backdrop, investor sentiment has become relatively negative, with a pessimistic view on the future trends of both A-shares and housing prices, and lowered expectations of economic growth. This sentiment can …

Continue reading “CKGSB Survey Finds a Negative Investor Sentiment Despite COVID-19 Recovery”

By Dr. Li Haitao, Dean’s Distinguished Chair Professor of Finance, Associate Dean for Chinese MBA, Cheung Kong Graduate School of Business In 2019, China’s economy seemed stable, but encountered headwinds. According to China’s National Bureau of Statistics, China’s real GDP growth in 2019 was 6.1%, 0.6 percentage point lower than the previous year. Economic growth …

Continue reading “What to expect from China in 2020?”

The 2019 Q4 findings of the Cheung Kong Investor Sentiment Survey (CKISS), released by Dr Liu Jing, Professor of Accounting and Finance and Associate Dean of Cheung Kong Graduate School of Business (CKGSB), show that while Chinese investors expect a low rate of return from stocks and housing investments, they are still willing to invest …

Continue reading “CKGSB Releases Latest Findings on Chinese Investor Sentiment Survey”

[May 30, 2019, Beijing] On 29th May 2019, Cheung Kong Graduate School of Business Professor of Accounting and Finance, Associate Dean, and Director of the CKGSB Investment Research Center, Liu Jing revealed his 2019 Q1 CKGSB Investor Sentiment Survey results and commented on the repercussions of the US-China trade war to members of the Foreign …

Continue reading “2019 Q1 CKGSB Investor Sentiment Survey Results Show China’s Private Businesses and Multinational Affected Most by US-China Trade War”