中文 | ENGLISH

Investment Insights

  


Bloomberg TV interview with Michael Liang：China the best market for alpha
January 2024
We are excited to share an interview that took place on January 22nd with Mr. Michael Liang, Chief Investment Officer of Foundation Asset Management, on Bloomberg TV. In the interview, Michael shared valuable insights on the current market situation. Key highlights from the interview....
Full article

iMoney Magazine Issue 842, Michael disclosed his views on the Hong Kong and China markets, as well as the global economy
December 2023
Recently, iMoney interviewed Michael Liang, Chief Investment Officer of Foundation Asset Management. The magazine mentioned that Michael is skilled at navigating volatile markets. He is recognized as a pioneer of value investing in Asia....
Full article

Foundation's CIO Michael Liang sharing his latest insights on Bloomberg TV
December 2023
We are excited to share an interview that took place on December 4th with Mr. Michael Liang, Chief Investment Officer of Foundation Asset Management, on Bloomberg TV. In the interview, Michael shared valuable insights on the current market situation ....
Full article

Cover Story on Mingpao Tuesday Money - The high interest rate environment persists, and the Hang Seng Index may test the 16,000-point level downward
September 2022
In this issue of Ming Pao cover story, Michael Liang expressed his opinion. Due to the continued high interest rate environment in Hong Kong and the need for more time to resolve issues related to mainland real estate and local debt, combined with other unfavorable factors, it is expected that the Hang Seng Index will remain weak in October and may not recover.....
Full article

【Exclusive Interview with iM】Hong Kong Stock Market Underperforms, How to Allocate Assets Against the Market Trend
June 2023
Mr. Liang recently conducted an interview with Hong Kong Economic Times , During the interview, Mr. Jiang shared his successful strategies for navigating a volatile market, including the principles of "investing in value, not gambling on direction," "earning stable returns through dividend stocks," and "paying attention to leading technology stocks overseas....
Full article

Cover Story on HKET - Michael Liang: Winner of volatile market shared his latest 3 strategies for navigating bumpy recovery
June 2023
In this issue of Hong Kong Economic Times cover story, we feature Michael Liang, Chief Investment Officer of Foundation Asset Management. Mr. Liang has always emphasized the need of generating alpha regardless of market performance, rather than taking irresponsible directional bets ....
Full article

Cover Story on Mingpao Monday Money - Optimistic in 4 Chinese sectors amid volatile market
September 2022
In this issue of Ming Pao cover story, Michael Liang predicts the US FOMC will continue its path of raising rates to 4-4.5%, which puts ongoing pressure on risky assets. However, China’s self-sufficiency energy, competitive manufacturing industry and loosening policy especially on the property sector, coupled with historic low valuations will provide downside support. In terms of sectors, he is generally more constructive on financials, real estate, coal and manufacturing sectors....
Full article

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....
Full article

"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 ....
Full article

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 ...
Full interview

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 ...
Full article

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 ...
Full interview

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...
Full article

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 ...
Full video

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 ...
Full article

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 ...
Full article


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 ...
Full article

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...
Full article
 

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 ...
Full article


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 ...
Full article
 

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  ...
Full article