net_left adver left
Detail

Swiss bank UBP returns to Chinese markets

By Summer Zhen HONG KONG (Reuters) - Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the...
Swiss bank UBP returns to Chinese markets © Reuters. The Union Bancaire Privee (UBP) sign is seen at one of its branch offices in Zurich, Switzerland November 20, 2017. REUTERS/Arnd Wiegmann
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); window.atwPairTypes = {"179":"indice"};

By Summer Zhen

HONG KONG (Reuters) - Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world's second-largest economy after withdrawing last year.

UBP has more than $150 billion of assets. It returned to China in August after having exited all positions in mainland equities and credit in the third quarter of 2021, Norman Villamin, CIO of wealth management, told Reuters.

“We went from zero to neutral," Villamin said.

While many institutional investors have reduced exposure to China since 2019 amid a regulatory crackdown on tech giants, a deterioration in Sino-U.S. relations and strict zero-COVID policies, UBP is among the few that is re-allocating to the country.

Villamin said UBP saw some “hope” that there would be more stimulus measures ahead of and after the Communist Party Congress in October.

“If some of the COVID restrictions start to ease, even if it is gradual, at least we're moving in the right direction,” Villamin said.

UBP deemed an underweight exposure in China "tactically risky", he added.

"China has gone through a recession, while Europe is in the midst of recession, and the U.S. is likely entering a recession in 2023,” Villamin said.

UBP has however only bought China A-shares, which is the domestic sector, and is avoiding companies that might have exposure to geopolitical issues.

Chinese markets have been facing unprecedented challenges this year, with both the CSI 300 index and Hang Seng Index down over 20% each, while hedge funds that invest in Greater China are seeing their biggest net fund outflows in at least 15 years.

UBP believes China is slowly poised to recover although it will not be a smooth sailing. Some deep-seated problems, such as the real estate debt crisis, will take a long time to resolve.

“We think (China’s) objective on property is to shrink the sector as a share of the overall economy to wind down the amount of leverage in the sector,” said Villamin.

“We don't see a lot of growth opportunities there."

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
04-10-2022 14:03:49 (UTC+7)

EUR/USD

0.9869

+0.0045 (+0.46%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (4)

EUR/USD

0.9869

+0.0045 (+0.46%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (4)

GBP/USD

1.1368

+0.0046 (+0.41%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (7)

USD/JPY

144.73

+0.19 (+0.13%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6531

+0.0014 (+0.22%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (4)

USD/CAD

1.3591

-0.0032 (-0.23%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

EUR/JPY

142.83

+0.84 (+0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

0.9768

+0.0027 (+0.27%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (1)

Gold Futures

1,714.55

+12.55 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

Silver Futures

20.995

+0.406 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

Copper Futures

3.4745

+0.0557 (+1.63%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

84.00

+0.37 (+0.44%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Brent Oil Futures

89.39

+0.53 (+0.60%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Natural Gas Futures

6.493

-0.009 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

215.55

-6.00 (-2.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

3,382.85

+40.68 (+1.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

S&P 500

3,678.43

+92.81 (+2.59%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (8)

DAX

12,360.28

+150.80 (+1.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

FTSE 100

6,950.24

+41.48 (+0.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Hang Seng

17,079.51

-143.32 (-0.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,709.05

+41.78 (+2.51%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

IBEX 35

7,538.13

+76.13 (+1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

41.570

+0.630 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

48.59

+0.64 (+1.33%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (3)

Allianz SE VNA O.N.

163.28

+1.74 (+1.08%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (0)

Sell (10)

Adidas AG

119.92

+0.92 (+0.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Deutsche Lufthansa AG

5.800

+0.084 (+1.47%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Siemens AG Class N

102.41

+1.49 (+1.48%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

Deutsche Bank AG

7.718

+0.088 (+1.15%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

    EUR/USD 0.9869 Neutral  
    GBP/USD 1.1368 Neutral  
    USD/JPY 144.73 Buy  
    AUD/USD 0.6531 Buy  
    USD/CAD 1.3591 Neutral  
    EUR/JPY 142.83 ↑ Buy  
    EUR/CHF 0.9768 Buy  
    Gold 1,714.55 Neutral  
    Silver 20.995 ↑ Sell  
    Copper 3.4745 ↑ Buy  
    Crude Oil WTI 84.00 ↑ Sell  
    Brent Oil 89.39 ↑ Sell  
    Natural Gas 6.493 ↑ Buy  
    US Coffee C 215.55 ↑ Sell  
    Euro Stoxx 50 3,382.85 ↑ Buy  
    S&P 500 3,678.43 ↑ Sell  
    DAX 12,360.28 ↑ Buy  
    FTSE 100 6,950.24 ↑ Buy  
    Hang Seng 17,079.51 ↑ Buy  
    Small Cap 2000 1,709.05 Buy  
    IBEX 35 7,538.13 ↑ Buy  
    BASF 41.570 ↑ Sell  
    Bayer 48.59 Sell  
    Allianz 163.28 Neutral  
    Adidas 119.92 ↑ Buy  
    Lufthansa 5.800 Sell  
    Siemens AG 102.41 ↑ Sell  
    Deutsche Bank AG 7.718 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,550/ 6,630
(10/ 10) # 1,691
SJC HCM6,540/ 6,640
(20/ 20) # 1,704
SJC Hanoi6,540/ 6,642
(20/ 20) # 1,706
SJC Danang6,540/ 6,642
(20/ 20) # 1,706
SJC Nhatrang6,540/ 6,642
(20/ 20) # 1,706
SJC Cantho6,540/ 6,642
(20/ 20) # 1,706
Cập nhật 04-10-2022 14:03:51
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,706.10 +5.14 0.30%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V22.12022.560
RON 95-III21.44021.860
E5 RON 92-II20.73021.140
DO 0.05S22.20022.640
DO 0,001S-V24.18024.660
Dầu hỏa 2-K21.68022.110
ↂ Giá dầu thô thế giới
WTI $83.47 -0.09 -0.10%
Brent $88.93 -0.27 -0.30%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.720,0024.030,00
EUR22.864,8324.144,42
GBP26.379,6327.503,66
JPY160,63170,05
KRW14,4117,55
Cập nhật lúc 12:23:29 04/10/2022
Xem bảng tỷ giá hối đoái
adver main right