Category Archives: Uncategorized

“Common Prosperity” and the Economy

Global Source Partners What does Xi Jinping’s “common prosperity” mean for the economy? Andrew Collier | Aug 30, 2021 Executive Summary Xi Jinping launched his vision for common prosperity officially in an internal meeting in the Politburo on August 17. This was a follow-on to the harsh regulations imposed on China’s technology sector. Although Xi […]

China Credit Risks: Bloomberg TV

Orient Capital Andrew Collier on China’s Credit Risks, ‘Common Prosperity’ Bloomberg Markets China Open September 6th, 2021, 12:17 PM GMT+0800 Orient Capital Research Managing Director, Andrew Collier, discusses a potential default risks in China of indebted companies such as Evergrande and Huarong. Andrew also tell us what “common prosperity” term may mean for the country’s […]

China’s Education Crackdown – How Far Will This Go?

Global Source Partners China’s Education Crackdown – How Far Will This Go? Andrew Collier | Jul 27, 2021 Executive Summary The new regulatory crackdown on the educational sector in China was a surprising move by China. New Oriental Education’s shares plunged 17.5% on the news. What really is a shock is how small the companies […]

Bloomberg TV Interview – Huarong and the Economy

https://www.bloomberg.com/news/videos/2021-04-16/orient-capital-research-andrew-collier-on-what-s-next-for-china-huarong-video April 16th, 2021, 12:48 PM GMT+0800 Orient Capital Research MD Andrew Collier shares his views on the possibility of China rescuing its biggest distressed asset manager, Huarong. Collier, a former President of the Bank of China International USA, believes that China will protect Huarong, however smaller, local AMCs are more vulnerable. He speaks to […]

Huarong and China’s Economy

Global Source Partners China’s State Council Tuesday issued a decree ordering a “deepening” of reform of the budget management system. The key point is an order to reduce financial risk and increase transparency of local government finance. This order follows the recent cancellation of the Ant Group IPO and stricter regulations of Ant’s online financial […]

No Signs of Credit Restraint inChina

No signs of credit restraint in China Andrew Collier | Mar 24, 2021 Executive Summary There is widespread talk within Beijing following the leadership meetings about a return to lower credit growth following years of excesses. This is being echoed by the western media. The Financial Times just published a piece saying that Xi Jinping […]

Predictions for China 2021

I am making four predictions for China in 2021: Weakening of the RMB Weaker economic conditions Real deleveraging Pressure on local bonds. Capital inflows have been substantial, helping to reinforce the strength of the currency. Higher domestic Chinese interest rates, the rapid quelling of the virus, domestic Chinese stimulus, the relative weakness of western economies, […]

Evergrande and stress in China’s property market

Global Source Partners Evergrande and stress in China’s property market Andrew Collier | Sep 28, 2020 China’s property market has long been the weak link in the economy. It is the bubble that supports growth – including local consumption, fixed asset investment, and local government fiscal revenue. Although property sales remain healthy, the developers themselves […]

Ant’s IPO and the Chinese Economy

Global Source Partners Andrew Collier | Sep 14, 2020 Summary Ant Group’s proposed IPO, expected soon, raises the profile of China’s largest private online financial company. However, there are macroeconomic and political considerations that will affect the growth trajectory of both Ant and other private online financial firms. There are also competitive threats to Ant […]