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Investment Insights

  


A Tale of Two Policies in Two Geographies

June 2022
We are just half way through June and that means one thing for China investors – economic data period. CPI, Aggregate Financing to the Real Economy etc. came out last week, whilst other important data such as retail sales was published this week....
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"This Is What I Call A Target-Rich Environment"

June 2022
China markets received a slew of encouraging news over the past week, with Premier Li’s address signaling greater urgency to support the economy in an impromptu meeting, Shanghai ending lockdowns, as well as incremental loosening of fiscal and monetary policy. Earnings seasons broadly came in better than expected, suggesting ....
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Cover Story on HKET iMoney - Markets ‘Fat and Flat’, Position for New Growth Opportunities

April 2022
China’s politburo held a meeting and vowed to spur economic growth through more favorable policies, contributing to the rebound of the Index. Liang expects the market to remain ‘Fat and Flat’, i.e. range bound but with elevated volatility. Three key factors that will be key to his decision making are the rate of ...
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Cover Story on Mingpao Monday Money - Accumulate HK Stocks for Upcoming Bull Market

September 2021
As Price to Book ratio of Hang Seng Index nears one standard deviation below historical average, the market has investment opportunities, especially for renewables which will benefit from the national carbon policy. Liang predicted that the following year may see ...
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Cover Story on HKET iMoney - Michael Liang: Adding Renewable Exposure

September 2021
As China launched the long-term 2060 Carbon Neutrality goal, investors can make predictions on the scale of the market and related firms. Foundation has invested in renewable energy. Regarding the uncertainty of regulations in China, Liang emphasized that investors should avoid ...
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Cover Story on Mingpao Money Monday - Focus on Quality Stocks Amid US Election Uncertainties
September 2020
Michael believes Donald Trump will continue play the ‘China card’ ahead of the US election on 3rd November, causing uncertainties in financial markets. However, he emphasized that the economic outlook of China...
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2H2020 and Beyond Investment Strategy Video
August 2020
The COVID-19 pandemic has dramatically accelerated changes in our behavior in 2020, unprecedented measures taken by global central banks, what approach should investors take in 2H2020 and beyond? Michael Liang, CIO of Foundation Asset Management, will provide some ideas here ...
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China’s Internal Circulation Model Forging Ahead
August 2020
China's latest manufacturing PMI index was at 51.1, which would be five consecutive months in the expansion zone, signalling that China's economic recovery continues. China is promoting has promoted the ‘Internal Circulation’ model of economic development, with greater emphasis on ...
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Cover Story on Mingpao Finance Magazine Money Monday - Michael Liang: Challenging Macro Conditions. Stock Selection Focus on Moat
September 2019
As China celebrates its 70th anniversary, it is a moment that market pays close attention to its economic development. In this issue of cover story, we feature Michael Liang, CIO of Foundation. He believes the solid working-class of Chinese people are set to ...
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HK Economic Times iMoney Magazine Cover Story – Michael Liang: Short-term fluctuations, long-term promising market

September 2019
On 7 Sep 2019 issue 620 of HK Economic Times iMoney Magazine, Michael Liang, CIO at Foundation, shared his views on how Foundation funds outperformed benchmark  during volatile conditions of July & August 2019. Outperformance came down to ...
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Cover Story on Mingpao Money Monday

September 2018
Michael reminds "investors shall not be overly pessimistic, despite mainstream media reports on negativity of trade war, emerging market currency crisis, and China social security burden. Being a value investors, we should be...
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Cover Story on Economic Digest

September 2018
Michael Liang was featured on Economic Digest cover story. Michael shared his views on the outlook for 4Q2018, and how would factors like rising treasure yields, high gearing in China, geopolitic issues impact on ...
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Covery Story on iMoney Magazine

September 2018
CIO was on the cover story of Hong Kong Economic Times iMoney Magazine Issue 570 for 22 Sep 2018. During the interview, he reminds investors to focus on not just the news on trade war, but also the valuation of companies ...
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Cover Story on Mingpao Money Monday

March 2017
Featured in the cover story of Mingpao Money Monday 90th issue on 20 March 2017. The issue discussed about the political relations between China and USA, as the leaders of two nations  ...
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