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China After the Stimulus

In our recent Spotlight on China webinar, we explored key insights on China's market, including recent volatility, significant rallies, and the drivers behind these movements. Portfolio Manager Andrew Mattock examined the impact of government stimulus measures, such as monetary policy shifts and real estate stabilization efforts. Lastly, we discussed the sustainability of the recovery, touching on challenges like weak consumer confidence and geopolitical tensions.

  • 10/22/2024
  • 32:08 viewing time

Webcast recorded on 22 October 2024

EPS = Earnings Per Share (EPS) is the amount of annual profit (after tax and all other expenses) attributable to each share in a company. EPS is calculated by dividing profit by the average number of shares on issue.

EV = Electric Vehicle

GEM equity funds = Global Emerging Markets equity funds

P/E = Price-to-Earnings Ratio (P/E Ratio) is a valuation ratio of a company's current share price compared to its per-share earnings.

ROIC = ROIC stands for Return on Invested Capital and is a profitability ratio that aims to measure the percentage return that a company earns on invested capital.

PBOC = People’s Bank of China

SARS = Severe acute respiratory syndrome. Considered the first emerging epidemic of the 21st century, SARS emerged in Asia in February 2003 and spread to more than two dozen countries in North America, South America, Europe, and Asia before being contained.

SOE reform = State-owned enterprise reform

 

As of 9/30/24, accounts managed by Matthews Asia held positions in Tencent and Alibaba.

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View the most recent holdings under each Fund's Composition page. Current and future portfolio holdings are subject to change and risk. 

 

IMPORTANT INFORMATION

The views and information discussed in this report are as of the date of publication, are subject to change and may not reflect current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. Investment involves risk. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in small- and mid-size companies is more risky and volatile than investing in large companies as they may be more volatile and less liquid than larger companies. Past performance is no guarantee of future results. The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Matthews Asia and its affiliates do not accept any liability for losses either direct or consequential caused by the use of this information.