Viewpoints China Steps Up Property Support: Is This the Turning Point for the Struggling Sector? China’s introduction of comprehensive support for its real estate sector could provide some cyclical relief amidst longer-term headwinds, but new COVID-19 waves cloud the outlook.
A slew of recent measures issued by China’s central government to rescue its property sector have, in PIMCO’s view, limited the downside risks to the country’s cyclical growth outlook.In the latest boost for the industry, on 28 November, the China Securities Regulatory Commission (CSRC) opened up equity financing options for Chinese developers, including lifting a years-long ban on private share sales and allowing mergers and acquisitions. To Read the Full Article Log In Or Register
Strategy Spotlight Income Fund Update: Capitalizing on the Global Opportunities in Fixed Income With the potential for higher-for-longer yields across countries, we see the global fixed income opportunity set as the most attractive in years.
Viewpoints Navigating the Challenges: EU Securitisation Regulation and Its Effects on Investors and Markets Regulation has transformed the EU securitisation market, but there are further improvements that can be made.
Asset Allocation Outlook When Markets Diverge, Opportunities Emerge Shifting dynamics among global economies and markets present a range of opportunities for multi-asset portfolios.
Economic and Market Commentary The Cost of Cash: A $6 Trillion Question In this PIMCO Perspectives, we examine how the return of elevated bond yields comes at an opportune time to consider shifting out of cash.
Blog The Fed: Stuck On Hold for Now Despite the reacceleration of inflation and enduring labor market strength, the Fed remains focused on downside risks.
Viewpoints Will the True Treasury Term Premium Please Stand Up? Various methods to estimate this key bond market gauge differ on details but appear to signal rising investor compensation.
Blog ECB: Eyeing a June Rate Cut While the European Central Bank refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely.
Viewpoints Asia Market Outlook 2023: Regional Resilience Amid Strained Global Markets As the COVID-19 recovery continues, we expect Asia’s growth-inflation dynamics to diverge from the rest of the world, led by China’s long-awaited economic reopening.
Viewpoints Local Government Financing Vehicles: A Growing Risk for China’s Economy? We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Blog 5 Key Takeaways from China’s 14th National People’s Congress China’s central government puts high-quality growth as top priority, along with continued support for business and opening-up.