BNP Paribas Wealth Management

 · China and US regulators announced last Friday that they signed a Statement of Protocol that would allow US regulators to inspect the audit papers of US-listed Chinese companies.      · The US regulators can now conduct on-site inspection which is likely to start in mid-September and conclude by December. While there is still uncertainty regarding the details of inspection such as the different interpretations from both sides’ regulators as well as the final inspection results, the audit agreement is at least a major step forward to alleviate the China ADR delisting risk.      · Global asset allocators have been underweight China equities amid the overhang of the audit dispute. For example, global institutional investors’ holdings of the Top 30 China ADRs is the lowest in 3 years. The deal provides a long-awaited catalyst for investors to increase China exposure (or cover their short positions), especially on the ADRs and Hong Kong-listed tech names, which are at very depressed valuation levels.      · With the reduction of the tail risk of delisting, coupled with the recently announced rate cuts and RMB 1 trillion (USD 145bn) stimulus, we could see relative outperformance of China shares in the short term when the US market is adjusting to a hawkish Jackson Hole speech from Fed Chair Powell.      · Further upside potential of China market still hinges on the volatility of the global market and the Mainland’s growth outlook which for now remains sluggish. We believe (1) further post-covid re-opening, (2) increasing easing support, (3) signs of stabilization in the property market, and (4) positive progress of the audit inspection are the key factors for a more sustained outperformance of China equities.      Hosted on Ausha. See ausha.co/privacy-policy for more information.

Prashant Bhayani, Chief Investment Officer, Asia at BNP Paribas Wealth Management   CIO Weekly Podcast:  Connect every Monday morning to stay updated on what happened in the global and Asian markets last week and what to expect next.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

 Guy Ertz revient sur la production et la sécurité alimentaire  ​ Quel est l'avenir de la production alimentaire et quels sont les principaux défis?  ​ Comment ce thème est-il lié au défi mondial de la réduction des émissions de CO2?  ​ Quel est le lien entre la sécurité alimentaire et la sécurité de l'eau?  ​ Comment investir dans le thème de la sécurité alimentaire?     Hosted on Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing and Guy Ertz discuss food production and food security  What is the future of food production, and what are the main challenges?  How does this topic relate to the global challenge of reducing CO2 emissions?  What is the link between food and water security?   How can one invest in this food security theme?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing fait le point sur les crypto-monnaies.  Comment définiriez-vous le Bitcoin ?     La bulle de la crypto-monnaie a-t-elle définitivement éclaté ?  Pensez-vous que cette importante destruction de valeur dissuadera les Millennials d'investir dans quoi que ce soit dans le futur ?   La volatilité pourrait-elle s'étendre aux marchés financiers classiques ?  Suite à la baisse des valorisations, est-ce le bon moment pour acheter ?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

 In today’s podcast, Edmund Shing discusses cryptocurrencies.  How would you define Bitcoin?   Has the cryptocurrency bubble definitely burst?  Will this huge destruction of crypto wealth dissuade Millennials from investing in anything in the future?   Could the volatility spread to conventional financial markets?  As values have come down so much isn’t a good time to start buying?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing discute de la précieuse ressource en eau.  Plus de 70 % de la surface mondiale est couverte d'eau, alors pourquoi parlons nous de rareté ?   Pourquoi la disponibilité de l'eau douce est-elle soudainement un problème ?   Comment et pourquoi l'eau est-elle le sujet de 2 des objectifs de développement durable de l'ONU ?   Quels sont les domaines dans lesquels investir ?   Pourquoi sommes-nous positifs sur la thématique de l’eau ?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Stephan Kemper and Edmund Shing discuss the precious resource of water.     Over 70% of the world surface is covered with water, so why all this talk about scarcity?   Why is fresh water availability suddenly an issue now?   How and why is water the topic of 2 of the UN’s sustainable development goals?   What areas do we need to invest in to address the pressing issues?  Why do we like the “water” investment theme?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

 Edmund Shing et Isabelle Enos évoquent les préoccupations des investisseurs, des contraintes économiques et financières et des solutions d'investissement pratiques.  Une récession mondiale se profile-t-elle ?  Tous les indicateurs de récession sont-ils au rouge ?  Est-ce que l'inflation a déjà atteint un sommet ?  Qu’est-ce qui motive encore l’économie et les marchés financiers ?  Comment les investisseurs peuvent-ils naviguer dans cette période ?   Hosted on Ausha. See ausha.co/privacy-policy for more information.

 Edmund Shing discusses what investors are concerned about, the economic and financial headwinds and practical investment solutions.  Is a global recession looming?   Are all the recession indicators flashing red?   Has inflation already peaked?  What is still driving the economy and financial markets?   How can investors navigate this period?   Hosted on Ausha. See ausha.co/privacy-policy for more information.