Claim OwnershipAsia Centric by Bloomberg Intelligence
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For all its vastness and power, Asia remains a mystery to global investors. Bloomberg Intelligence talks with the experts who know Asia best, unspooling its riddles and peeling back its layers with fascinating stories and insights at the intersection of business, wealth, and power. Investors will come away with new understanding of the risks and opportunities that await in a region rife with complexity, yet teeming with ambition and potential.
63 Episodes
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It's that time of year when we look to what the next 12 months have in store. Currencies are set to weaken against a strong dollar, so which ones may provide a degree of safety? Equities outperformed in 2024 but tariffs hang over trade-sensitive countries and the tech and AI sectors may have peaked. Where can investors find the most value? And geopolitical risk and a new US-China trade war have yet to be fully priced into the market, so what does that mean for credit? Asia Centric convenes a panel of Bloomberg Intelligence analysts to preview 2025. Joining hosts John Lee and Katia Dmitrieva this week are Stephen Chiu, chief Asia FX and rates strategist, Marvin Chen, senior equity strategist, and senior credit strategist Timothy Tan.See omnystudio.com/listener for privacy information.
Hong Kong nightlife isn't what it used to be, with fewer revelers spending less than in the pre-pandemic boom – indicative, perhaps, of wider political and demographic changes taking place in the city. Yet entertainment and property mogul Allan Zeman – known as the “father of Lan Kwai Fong” after the bar area he established in the 1980s – remains upbeat and optimistic. Despite business being slower and rents lower, he welcomes the influx of mainland visitors as new tenants adapt to the changes. For Zeman, Hong Kong is far from over. He joins hosts John Lee and Katia Dmitrieva on the Asia Centric podcast to discuss Hong Kong’s changing landscape. Patrick Wong, senior property analyst at Bloomberg Intelligence, also outlines the challenges facing office landlords and luxury retailers – and reveals who stands to gain.See omnystudio.com/listener for privacy information.
US President-elect Donald Trump is already providing a preview of what's to come for US-China relations when he enters the White House, appointing several China hawks to his team and vowing to impose additional tariffs. Stephen Roach, economist and former chairman of Morgan Stanley Asia, believes the world should take Trump at his word over tariff threats and that it signals his second term could be more contentious than the first.Roach also defends his controversial comments earlier this year that "Hong Kong is over" as ties with the mainland strengthen and the economy remains weak. He joins John Lee and Katia Dmitrieva on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
Falling interest rates could spark a return to real estate M&A deals across the Asia-Pacific region, according to Ivy Ng, APAC Chief Investment Officer at DWS Group. Ng joins John Lee and Katia Dmitrieva on the Asia Centric podcast to break down where she sees the biggest opportunities and risks, and argues the worst may be over for the sector.See omnystudio.com/listener for privacy information.
President-elect Donald Trump's sweeping election victory and cabinet appointments point to more protectionist policies and market volatility, with broad implications for Asia. China is firmly in the crosshairs, but previous US efforts to contain its advance -- particularly in technology -- have largely faltered, according to Bloomberg Economics and Bloomberg Intelligence. Tom Orlik, chief economist at Bloomberg Economics in Washington, D.C., joins John Lee and Katia Dmitrieva to outline what the next four years may bring for the global economy and US-China relations -- and the potential risks.See omnystudio.com/listener for privacy information.
Food trends across Asia are shifting rapidly with declining populations, wealthier consumers eating more meat and climate change upending supply and prices. China is set to be overtaken by India as the world's number one driver of food demand, according to the UN, further shifting the picture. Darin Friedrichs, co-founder of Sitonia Consulting, speaks with Bloomberg Intelligence's John Lee and Bloomberg News' Asia economics correspondent Katia Dmitrieva about how best to navigate the changes to come.See omnystudio.com/listener for privacy information.
China could deploy more stimulus -- and officials have more policy space and tools to do so than many other major economies, according to Weijian Shan, Executive Chairman of PAG, an Asia-based investment firm with more than $55 billion in assets under management. Despite being bullish on China's growth prospects, Shan says the nation still needs to find a way to pivot toward the consumer. Shan, who grew up in China during the Cultural Revolution and later counted Treasury Secretary Janet Yellen as his PhD adviser in the US, shares his thoughts on the world's second-largest economy and investment opportunities in Japan. He also discusses some of his biggest deals, including the $8 billion investment into one of the world's largest shopping mall managers. He joins John Lee and Katia Dmitrieva on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and glean insights from active managers and those who cover the industry. Listen to Inside Active by Bloomberg Intelligence. See omnystudio.com/listener for privacy information.
Artificial intelligence is fueling demand for data centers across Asia, with capacity set to double in the next four years, according to Moody’s. Projesh Banerjea, KKR director and Southeast Asia infrastructure lead, joins John Lee and Katia Dmitrieva on the Asia Centric podcast to discuss how investors can best tap into that growth – and how it can get complicated.See omnystudio.com/listener for privacy information.
Taiwan's president Lai Ching-te gave his first National Day address last week, vowing he'd stand up to mainland China while maintaining the status quo of peace and stability. The speech elicited a swift response from Beijing, reminding investors of the ongoing geopolitical risks in the region. David Sacks, Asia Studies Fellow at the Council on Foreign Relations, speaks with John Lee from Bloomberg Intelligence and Katia Dmitrieva from Bloomberg News about key takeaways from the speech and what it means for Taiwan's red hot equity market.See omnystudio.com/listener for privacy information.
People love their pets, so much in fact that the industry is set for serious growth as owners purchase higher-end goods and services. Not only are they upgrading the food they buy but are also embracing services such as healthcare and even elderly care for their beloved cats and dogs. Ada Li and Diana Rosero-Pena from Bloomberg Intelligence speak with Bloomberg News' Katia Dmitrieva to discuss where the industry is heading. See omnystudio.com/listener for privacy information.
The world's population is likely to peak in the next 60 years and nowhere is this trend felt more than Asia, with countries such as South Korea and Japan registering some of the lowest birth rates and oldest populations. Wei Li, Global Chief Investment Strategist at BlackRock, discusses the role demographics plays in investing and why it may be the most important megatrend. She joins John Lee of Bloomberg Intelligence and Katia Dmitrieva of Bloomberg News on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
Central banks got the green light to begin easing policy last week after the US Federal Reserve cut interest rates by more than expected. Officials across Asia have perhaps been the most eager to move lower, but in this new era, each country faces a different path forward for monetary policy. John Lee from Bloomberg Intelligence and Katia Dmitrieva from Bloomberg News speak with Alicia Garcia-Herrero, Chief Economist for Asia Pacific at Natixis SA, about what the Fed cut means for the region.See omnystudio.com/listener for privacy information.
AI has been hailed as a transformative technology with McKinsey estimating it could add $26 trillion to the global economy. While many investors have already jumped on the AI bandwagon, not everyone agrees. Daron Acemoglu, Institute Professor at MIT and author of books including Why Nations Fail, takes a critical look at AI and explains why the economic and social benefits may have been overstated. He joins John Lee of Bloomberg Intelligence and Katia Dmitrieva of Bloomberg News on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
Shareholder activism is gaining traction in Japan, with the number of new campaigns surging by 70% in the first half of 2024. At the same time, homegrown activist funds are becoming more prominent in Japan’s corporate circles. Shuhei Furukawa, managing director and portfolio manager at Misaki Capital, and James Han, managing partner at Prodigies Group, join John Lee of Bloomberg Intelligence to discuss this growing trend and how it differs to what’s happening in the US.See omnystudio.com/listener for privacy information.
India's economy is the darling of emerging markets, with a burgeoning middle class, a rising population and rapid growth set to outperform all large peers this year. But recent data suggest cracks are forming, with less government spending and a slowdown in factory output. Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics and a long-time critic of India's growth story, joins hosts John Lee of Bloomberg Intelligence and Katia Dmitrieva of Bloomberg News to explain why he believes investors are underestimating the slowdown to come.See omnystudio.com/listener for privacy information.
Hong Kong's wealth management is booming as rich mainland Chinese investors pour in funds. The city’s offshore wealth-under-management industry now amounts to more than $2.2 trillion, the second largest in the world, and is approaching Switzerland's level. What's driving these rich Chinese to invest overseas, and how will China's economic slump impact future flows? Lemuel Lee, Head of Wealth Management Hong Kong at BNP Paribas, and Sharnie Wong, Senior Financials Analyst at Bloomberg Intelligence, discuss these issues with host John Lee on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
A rate hike from the Bank of Japan combined with weak US economic data coalesced to cause the biggest one-day sell off in stocks since 1987. What does this mean for monetary policy in Japan and the US? And how could investors position themselves for the uncertainty ahead? Gareth Nicholson, Chief Investment Officer and Head of Managed Investments at Nomura International Wealth Management, joins co-hosts John Lee and Katia Dmitrieva on the Asia Centric podcast. See omnystudio.com/listener for privacy information.
Uranium prices have skyrocketed as demand surges for nuclear power globally and traders fret about a potential shortage. China is Asia’s biggest user of nuclear energy, while countries such as Australia are still debating whether to embrace it. Investors have been piling into mining companies and uranium ETFs, but is this the best way to capitalize on the demand? And what are the risks to the seemingly bright outlook? Asia Centric hosts John Lee and Katia Dmitrieva discuss these issues with Mohsen Crofts, senior metals and mining analyst at Bloomberg Intelligence, and Leonard Quong, head of Australia research at BloombergNEF.See omnystudio.com/listener for privacy information.
We're about halfway through the year and China's economy is still struggling to regain momentum after the housing bubble burst and consumers pulled back. A major policy meeting in China that wrapped last week did little to assuage concerns, with officials focused more on the long term. The US presidential election could have big implications for trade and tariffs. Andrew Tilton, chief economist for the APAC region at Goldman Sachs, joins host Katia Dmitrieva for a check-in on the world's second-largest economy.See omnystudio.com/listener for privacy information.
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