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French asset manager Ostrum launching US$500 million Asian infrastructure debt fund

A French asset management company is targeting infrastructure projects in Asia-Pacific, including the Belt and Road Initiative, where the funding needs are estimated at US$22.6 trillion by 2030.Ostrum Asset Management, an affiliate of Natixis Investment Managers with €257.6 billion (US$290.3 billion) in assets under management, said that it was planning to raise up to US$500 million this year through a dedicated Asian infrastructure debt fund.The company said it plans to invest the funds… Source link

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CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens

CK Asset Holdings, which is headed by retired tycoon Li Ka-shing’s elder son Victor Li Tzar-kuoi, will extend leases for 50 rooms at four of its hotels to 18 months from a year, amid signs that the residential rental market is trending downward.CK Asset said the offer would allow tenants to lock in a fixed fee under a longer lease term.The move comes as Hong Kong’s residential rental index fell to an eight-month low in March. Average rents in March were down 2.8 per cent from a peak in October……

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China’s spectacular stocks run-up has more legs, JPMorgan Asset and Morgan Stanley say

JPMorgan Asset Management and Morgan Stanley say the run-up in Chinese stocks still has room to grow, as economic growth is likely to pick up and equities are not overheated enough to trigger a meltdown.Stocks will get more support fundamentally as China’s economy probably bottoms out by the middle of this year amid loosening monetary support and tax cuts, said Marcella Chow and Chaoping Zhu, strategists at JPMorgan Asset. Meanwhile, Morgan Stanley continues to be overweight on the mainland… Source link

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Canadian asset manager Brookfield in talks to buy Shanghai property from Hong Kong-listed Greenland

Canadian companies continue to pursue deals in China notwithstanding the diplomatic spat between the two countries that has seen tit-for-tat arrests of each other’s citizens.Two Canadians have been imprisoned in China after Huawei’s chief financial officer Sabrina Meng was arrested by Canada on December 1 following an extradition request from the US.Brookfield Asset Management, a Toronto-based alternative asset manager, is in talks to buy a commercial property site in Shanghai for around US$2… Source link

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CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship’s from ‘Superman’ dad

Victor Li Tzar-kuoi had a surprise for shareholders last month when he announced the 2018 earnings of the flagship company founded by his father: he paid the highest dividend growth among Hong Kong’s listed property developers.For CK Asset Holdings, the record payout – even if its core profit missed consensus estimate – was the culmination of a three-year restructuring that transformed one of the city’s best-known developers into one of Asia’s largest conglomerates, with operations spanning… Source link

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China can excel in consumer robotics, says Credit Suisse Asset Management specialist

China can become a formidable player in the nascent consumer robotics market, where precision of movements is not as important as with industrial robotics.“The big opportunities are in the lower price segment, which I think is going to be a much bigger market than what we have today. And it is a good place [for Chinese manufacturers] to learn before making the move up [to the higher-end market],” Angus Muirhead, senior portfolio manager at Credit Suisse Asset Management, said in an interview on… Source link

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CK Hutchison and CK Asset post upbeat profit results, during Victor Li’s debut year as CEO

CK Hutchison Holdings and CK Asset Holdings, the listed flagships of tycoon Li Ka-shing, reported higher profit in the first set of annual results since his eldest son Victor Li Tzar-kuoi took over daily operations last May.CK Hutchison, the conglomerate with businesses spanning container ports, retail, telecommunications, and power plants, said net profit increased 11 per cent to HK$39 billion (US$4.97 billion) for the year ending December 31, beating the HK$38.4 billion average forecast of… Source link

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Property 

Brace for a 20 per cent decline in Hong Kong home prices, says senior director of CK Asset

Hong Kong home prices could be headed for a multi-year downtrend that knock valuations by up to 20 per cent, prompting major developers to slash prices for new homes along with the sliding market, according to a senior executive at CK Asset Holdings, the second largest developer in Hong Kong by capitalisation. CK Asset executive director Justin Chiu Kwok-hung said on Tuesday that home prices could drop 10 per cent this year and by up to 8 to 10 per cent next year, amid simmering trade tensions between China and…

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Traders: don’t be too sure Asia’s rally isn’t a ‘bear-market bounce,’ JPMorgan Asset Management warns

The January rally in Asia and the emerging markets could just be a “bear-market bounce,” says JPMorgan Asset Management. While Jasslyn Yeo, global market strategist at the money manager, sees the potential for more gains in the first half of the year, investors will need to reassess their positions for the second half. Slowing economic growth globally is clouding the outlook for stocks even as a potential trade deal between the US and China will help risk-on sentiment, according to Yeo. Moreover, while the Federal Reserve signalled it’s pausing its…

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Property 

Is Victor Li the next Superman and can he outdo his father Li Ka-shing as he leads CK Asset into a new era?

After 35 years in the shadow of his illustrious father Li Ka-shing, Hong Kong’s richest man and fondly called “Superman” for his extraordinary entrepreneurial achievement, Victor Li Tzar-kuoi, is finally coming into his own. Victor, who took over as chairman of CK Asset Holdings and CK Hutchison from his father last May, is turning the focus of Hong Kong’s second largest developer by market capitalisation back to the city’s property market after the elder Li indicated in 2016 that the group would spread its net globally because of the challenges…

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