Jia Zhi Chng

A forward-looking conversation on Singapore’s equities market took center stage at the BofA Singapore EES Client Roundtable 2025. 🔥   Earlier this week, BofA Securities hosted the Singapore EES Client Roundtable 2025, convening an evening of discussion amongst the institutional trading community. A key highlight was the fireside chat between our Head of Equities, Yao Loong Ng and Michael Bok, Head of Trading, Asia at Schroders.   The conversation offered a grounded yet forward-looking view of Singapore’s capital markets, advocating for a more collaborative ecosystem to attract high-quality listings and encourage greater market vibrancy.   Retail investors featured prominently in the dialogue. Their growing influence is reshaping market dynamics, and SGX is responding with initiatives aimed at improving accessibility — such as partnerships with intermediaries, digital dissemination of research reports through the GEMS grant, and efforts to upgrade the remisier profession.   Momentum in the small- and mid-caps continues to build, supported by six consecutive months of net institutional purchasing. In July alone, liquidity of the segment nearly doubled, largely driven by retail participation.    The session underscored a shared commitment to advance Singapore’s equities market, thanks to BofA Securities and all participants for the engaging exchange! #SGXSecurities #Equities #Partnerships Bank of America Business

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With the 32nd CITIC CLSA Investors’ Forum moments away, Shaun Cochran, Head of Research at #CLSA on Bloomberg TV today provided his views on China’s stock rally driven by two key drivers: cheap valuations and the rapid rise of DeepSeek — underscoring China’s growing role as a fundamental player in global tech. Building on the AI theme, Shaun highlighted a recent report from CLSA “Tokens Tale” containing a framework projection for AI compute. Today, AI models consume one quadrillion tokens each month. Our analyst projects that could rise to 80 quadrillion a month driving both huge opportunities and volatility in AI stocks. With GPUs expected to deliver 27x efficiency gains and smarter algorithms reducing token use, the AI journey is only just beginning. AI is a key theme at the 32nd CITIC CLSA Investors’ Forum. Catch Shaun’s full insights on Bloomberg TV: https://lnkd.in/gfmhNR82 #CLSANews #CLSAInsights #CITICCLSAForums #CITICCLSAInvestorsForum #CITICCLSAIF25

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Jason Yu, CFA, our CEO for Hong Kong, was invited to speak on a panel of global asset managers at the 2025 HSBC China Investor Wealth Summit in Shenzhen, during which he shared Schroders’ view that short-dated bonds will likely outperform amid Trump’s policy and market pressure, and emphasised investment portfolios need to be actively managed given the uncertainty. Valuations in European bonds are relatively more attractive than those of the US. We favour issuers with improved profitability that can benefit from a high interest-rate environment such as those in the financial services and banking industry, Jason said. Within the Chinese market, we continue to prefer certain bond issuers that lead in the internet and consumer sectors, he continued. Despite recent strong performance, we maintain a positive view on gold, seeing it as a valuable diversifier in an environment of changing geopolitics, risk-averse investor sentiment, policy volatility and debate on the Fed’s independence, Jason added. For more investment views and insights from Schroders, visit: https://okt.to/EiRyUD #GlobalInvestment #SchrodersInsights #Schroders

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BlueFive Capital brings networks, CICC brings scale, and together they’re targeting high-growth sectors. CICC Capital and BlueFive launch PE fund to connect China’s new economy with GCC growth markets. The vehicle will target high-growth sectors including technology, digital transformation, green energy, advanced manufacturing, and consumer-driven industries. The collaboration leverages BlueFive’s expertise in cross-border alternative investments and its Middle East-Asia network, alongside CICC Capital’s access to China’s private equity ecosystem and institutional capabilities. Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, added: “Emerging markets are engines of the global economy, and by aligning BlueFive Capital’s GCC capabilities with CICC Capital’s track record in scaling innovation, we aim to deliver unparalleled value to investors while accelerating the growth of tomorrow’s industry leaders.” Discover what this launch means for emerging market investors: https://lnkd.in/dvwhCEte #PEInsights #privateequity #fundraising #GCC

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HKEX is pleased to be launching the HKEX Issuer Access Platform. This centralised, secure and web-based communication channel is designed to enhance the interaction between listed issuers and HKEX, supporting the ongoing modernisation of Hong Kong’s markets infrastructure. Key features for issuers and advisors: 🟦 Submit and publish regulatory announcements through the platform 🟦 Interact with HKEX’s Listing Division on regulatory matters in a secure manner 🟦 Smart compliance tools such as dashboards, workflow trackers, guides, and automated reminders to support listed issuers in fulfilling their day-to-day compliance and reporting requirements   HKEX plans to release a trial version of the IAP in the second half of 2025, allowing users to familiarise with its functions ahead of a phased launch in the second quarter of 2026.   📽️ Watch this video on how this platform works. More details at 🔗https://lnkd.in/gN3tFFka

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We are proud to have supported CITIC Securities International Capital Management, Eastfort Asset Management, GF Global Capital and Huatai International Financial Holdings Company Limited with their first cross-currency repurchase agreements (repo) using Northbound Bond Connect holdings as collateral. We have also helped our clients to reuse the bond collaterals during the repo period. We support the Hong Kong Monetary Authority (HKMA)’s efforts to improve the market-based mechanism for offshore RMB liquidity management, fostering investor participation. These enhancements follow the HKMA's introduction of allowing Northbound Bond Connect participants to use eligible onshore bonds as collateral to conduct RMB repo business in February this year. CLSA GF Securities (Hong Kong) Learn more about our Renminbi capabilities: https://lnkd.in/gc26UTJN

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In a recent interview with Channel News Asia, Rob Subbaraman, Head of Global Macro Research, talks about how policies aimed at boosting the consumption of services can tackle deflationary pressures in China. Watch the full interview here: https://ow.ly/CxyW50WYBTw.

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We saw really strong treasury gains in Q1FY26 and Q4FY25, it was a great comfort for banks amid pressure on net interest margins. Will it be the same in Q2? Definitely not, analysts say. And NIM pressures are expected to continue Bond yields have moved adversely, and there’s absence of OMOs. OMOs help boost treasury gains because banks can sell their bonds to a large buyer like the central bank at a profitable rate When results are announced, we’ll get to see which banks have smart treasury teams from the gains they make in this quarter Read the full report below - https://lnkd.in/dcJhEepD

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Our Deputy CIO and Head of Fixed Income, Angus Hui was on the panel, "China’s Bond Market Opening-Up Over 20 years” at China Central Depository & Clearing's China Bond Market International Investors Event. Angus provided an overview of China’s bond market development, the growth of the offshore bond space (CNH) – contrasting the dynamics with previous cycles, and discussed the factors leading to the rising appeal of China’s onshore government bonds in providing diversification benefits. He also expanded on Fullerton Fund Management's investment journey in these markets, and the reasons underpinning his constructive outlook on China fixed income. #fixedincome #China #opportunities #diversification #yield Mingyu Qu Samuel Gan Boon-Hiong Chan

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📌 Nuveen, a TIAA company Private Capital, Hunter Point Capital LP and Temasek Announce Strategic Partnership - Nuveen Private Capital, comprising Churchill Asset Management (U.S.) and Arcmont Asset Management (Europe), entered a strategic partnership with Hunter Point Capital (HPC) and Temasek. - HPC and Temasek are making minority investments in Nuveen Private Capital. - Temasek will also provide long-term capital commitments to new and existing strategies. - Nuveen Private Capital was formed in March 2023 after Nuveen’s majority acquisition of Arcmont, creating an $87 billion private capital platform. - The platform is one of the world’s leading private credit managers. - In the past year, Nuveen Private Capital invested over $21 billion across 400+ companies supporting U.S. and European private equity firms. - It currently serves more than 5,000 global investors. - Bill Huffman, Nuveen CEO and Chairman of Nuveen Private Capital, highlighted the partnership as validation of their integrated and collaborative platform. - Co-CEOs Ken Kencel and Anthony Fobel emphasized the platform’s differentiation and investor value creation. - Avi Kalichstein, HPC CEO and Co-Founder, praised Nuveen Private Capital’s global reach, local expertise, sponsor relationships, and deal sourcing. - Nuveen will retain majority ownership following the transaction. - Churchill and Arcmont senior management and employees will retain minority stakes. - The transaction will not affect Nuveen Private Capital’s investment strategy, leadership, or operations.

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