While most investors are still debating whether “China assets are a slow bull,” another crowd has already shifted into a higher gear. They don’t wait for policy guidance or study annual reports — they trade on every tick of the index. These are the players of leveraged and inverse ETFs.As Hong Kong’s market revives, southbound inflows hit record highs, and the Hang Seng Tech ETF surged more than 15 percent in a month, short-term money is heating up again. For aggressive investors, leveraged and inverse ETFs have become the new weapons for amplifying gains — and, inevitably, losses.But like every sharp weapon, it cuts both ways. The moment you grip it, you must remember: this is a double-edged blade.1.Leveraged & Inverse ETFs — the Market’s “Turbo” and “Reverse Gear”In the investing wor

As we move into the second half of 2025, Hong Kong’s financial spotlight has quietly shifted toward the convergence of digital assets and traditional finance. According to The South China Morning Post, southbound capital inflows through Stock Connect surged past HKD 866.8 billion in the first 7 months of the year—already exceeding the full-year total of 2024 by more than 7 percent. Meanwhile, the Hong Kong dollar briefly strengthened to 7.79 against the U.S. dollar, an unexpected move that forced the HKMA to step in once again to defend its currency peg.Money is flowing back, exchange-rate volatility is rising, and one message is clear: Hong Kong is entering a new era of financial-infrastructure reform. And right in the middle of this transformation, a new player is quietly emerging—the Ho

Over the past year, Chinese assets have been gaining momentum. The Shanghai Composite Index surged past 3,800 points, while Hong Kong equities rebounded on the back of favorable policies and the return of U.S.-listed Chinese companies. But markets often rise fast and fall just as quickly. For example, in early September, sharp declines followed earlier gains, leaving investors on an emotional rollercoaster—thrilled one moment, anxious the next. Many focus only on individual stocks, only to realize that quick gains often come with equally fast losses.Investing in China and emerging markets can be both exciting and nerve-wracking. Volatility is part of the game—opportunities are plenty, but without proper risk management, it’s like sailing without a life jacket. Today, let’s walk through a s

China’s equity markets have been heating up. On August 22, the Shanghai Composite Index briefly broke above 3,800, reaching its highest closing level since 2015. On the same day, the total market capitalization of A-shares surpassed RMB 100 trillion for the first time, fueled by record margin financing and strong investor inflows. Turnover surged to nearly RMB 2.8 trillion, underscoring renewed enthusiasm across both institutional and retail investors.Against this backdrop, many investors are asking the same question: How should I gain exposure to China? Should I chase hot themes, or stick to a diversified approach? For most, the practical answer is not to pick individual stocks, but to use Exchange-Traded Funds (ETFs)—a tool that allows broad exposure while managing risk.This note outline

In the second half of 2025, interest in China assets has been heating up rapidly. Southbound capital inflows hit new records for consecutive days, while turnover in ETFs like the Hang Seng China Enterprises Index (HSCEI) ETF and the Hang Seng Tech ETF repeatedly set fresh highs. The Hong Kong market, once sluggish, has re-emerged on the “must-have” list for global capital. At the same time, the renminbi has stabilized after a wave of depreciation expectations, helping to restore investor confidence in cross-border allocation.From a valuation perspective, both A-shares and Hong Kong stocks are trading at historical lows. The CSI 300’s PE ratio is around 12x, the Hang Seng Index’s PB ratio has even slipped below 1x, while in contrast, the S&P 500’s PE is as high as 29x and PB above 3x. T

When investors think about markets, the first ideas that usually come to mind are stocks, ETFs, and the volatility of equity funds.Over the past year, equities in Asia have drawn renewed attention:Mainland indices reached multi-year highs.Hong Kong markets rebounded, supported by policy tailwinds and overseas-listed companies returning home.But as always, equity markets can be volatile. Many investors are now asking: Is there a more stable product to manage capital in between trades?One often overlooked option is the Money Market Fund (MMF). While widely used by institutions and retail investors alike, MMFs are rarely studied in detail. Their core strengths are stability, liquidity, and ease of use—making them an ideal short-term cash management tool. In this article, we’ll break down what

Over the past year, Chinese assets have attracted renewed attention. Mainland equities rallied (the Shanghai Composite climbed above 3,800), and Hong Kong-listed stocks staged a recovery amid supportive policy signals and the return of some China-related listings. At the same time, markets that remain volatile—sharp upswings can be followed by swift drawdowns (for example, a notable sell-off in early September). Many investors who focus solely on equities find they can make gains quickly — and lose them just as fast.That makes a more resilient approach worth considering. Rather than relying on single-asset bets, a simple cross-asset framework combining equities, bonds and commodities can improve stability without sacrificing exposure to upside. Below is a concise, practitioner-oriented pre

Why Focus on China Assets Now?As we move into the second half of 2025, activity in China’s economy has picked up — supported not only by a sequence of policy measures but also by a clear rebound in several high-frequency indicators:Service activity at a 15-month high: In August 2025, China’s services sector recorded its strongest monthly expansion in 15 months, driven by a recovery in domestic demand and a pickup in external orders.Retail recovery and consumption stimulus: Retail sales showed renewed strength — in May year-on-year retail growth was +6.4%, with appliance replacement and promotional events (e.g., shopping festivals) contributing to the improvement.Persistent stabilization expectations: Multilateral institutions have noted that China retains room for policy support, which hel

Over the past two years, the stories of both A-shares and Hong Kong stocks have revolved around one key phrase: pro-cyclical. Especially in commodities and resource-related equities, this phrase acts like a switch—once triggered by policy or the economic cycle, the market tends to surge swiftly and fiercely. Recently, market attention has again shifted to China’s resource sectors: steel, copper & aluminum, and rare earths, all riding on policy stimulus and a global price rebound.But why should we care about these “iron lumps” and “piles of ore”? Because they are not just cold raw materials—they represent China’s confidence in breaking free from economic “involution.” Steel fuels infrastructure, copper & aluminum are the “lifeblood” of new energy vehicles, and rare earths are the “v

The spotlight is heating up right next to you in China’s asset market!A-shares are on fire: The Shanghai Composite Index has hit a 10-year high — breaking above 3,800 points, its highest closing level since 2015, sparking strong market excitement.A-share market cap hits a milestone: On the same day, the total market cap of A-shares surpassed the 100 trillion RMB mark for the first time ever. Behind this record are surging margin financing balances and booming investor participation.Money is pouring in: Trading volume soared to about 2.8 trillion RMB, with both institutions and retail investors driving liquidity.These signals tell us one thing: investment sentiment is strong, capital is favoring equities, and the appeal of high-dividend ETFs is climbing fast. So let’s break it down in plain

Over the past two years, Chinese assets have been like a roller coaster—plunging all the way down, but in doing so, catching the eyes of global investors once again.Valuation recovery story: A-shares went through a prolonged compression, and today their overall P/E ratios have dropped to historical lows, like “quality goods on sale.”The Hong Kong label: The Hang Seng Index and Hang Seng Tech Index still carry the title of “the world’s cheapest market,” cheap enough to make investors take a second look.Smart money in motion: Southbound capital continues to pour in, with ETFs like Hang Seng China Enterprises (HSCEI) and Hang Seng Tech repeatedly hitting record turnover. Beneath the noise lies opportunity.Policy momentum: From growth stabilization to capital market reforms, policy has acted a

Recently, there’s been an intriguing phenomenon: global capital markets remain volatile, yet more and more smart money is quietly flowing into Chinese assets.Why is this happening? Is it blind optimism, or is there a deeper investment logic at work? Today, let’s unpack the forces behind this capital shift.01 Macros: How is China’s economy really doing?Some media outlets fixate on short-term fluctuations and overlook China’s long-term growth potential. In 2024, China’s GDP growth still exceeded 4.5%, outpacing major developed economies. By comparison, the U.S. hovered around 2%, with the euro area even lower.Behind that growth are ongoing urbanization and consumption upgrades. China’s urbanization rate surpassed 65% last year, and the consumption upgrade that accompanies city living is stil

In the global investment landscape, the Nasdaq, S&P 500, and Dow Jones have long been seen as the benchmark indicators for U.S. markets. But as China’s capital markets open up further, its core indices — the CSI 300, SSE 50, and CSI 500 — are drawing increasing attention from international investors.This article breaks down what these indices mean, compares the U.S. and Chinese markets, and shows you how to gain exposure to Chinese assets through ETFs in a simple, beginner-friendly way.1.What Are the “Big Three” in the U.S. and China?Let’s start with the most famous “American trio” — the U.S. market’s three major indices:Nasdaq CompositeHeavyweight in tech stocks, market-cap weighted. Apple, Microsoft, and NVIDIA alone make up roughly 30% of its market cap.Smaller fluctuations, bigger

"If I had to pick just one financial metric to choose stocks, I'd pick ROE." — Warren BuffettIn an increasingly uncertain market, how can investors find companies that can truly withstand cycles and generate sustainable returns?Today, let me walk you through how to use ROE as a metric to identify high-quality, high-return companies in the Hong Kong stock market, and how to understand them through Warren Buffett's lens.1. What Is ROE and Why Is It So Important in Buffett's Investment Philosophy?ROE (Return on Equity) = Net Profit / Shareholders' Equity. It measures how much profit a company generates using each dollar of shareholders' equity.Buffett has used this single metric to identify many of his most successful investments—the most famous example being Coca-Cola.In 1987, during the "Bl

The market has been on a rollercoaster lately — wild swings, mixed signals, and emotion-driven moves. One day it's panic selling, the next day it’s a buying frenzy. One moment it feels like a golden buying opportunity, the next it feels like you're catching a falling knife.This is when we turn to one of Warren Buffett’s most quoted principles:"Be fearful when others are greedy, and greedy when others are fearful."It’s a great principle, but tough to follow in real time. When fear sets in, it’s hard to stay rational. When greed takes over, it’s easy to get swept up in the hype.That’s where the Tiger Fear & Greed Index comes in — a real-time sentiment tracker that reflects what investors are feeling right now. It’s based on multiple market indicators: momentum, volatility, breadth, deman

Since March 2025, global markets have been experiencing heightened volatility under the looming shadow of U.S. tariff policies. Recent data indicates that several senior economic advisers to President Trump have proposed a new reciprocal tariff plan. This move has not only disrupted import-export businesses and market sentiment but has also triggered a ripple effect across global supply chains, significantly altering the landscape of international trade.Leading financial institutions have conducted in-depth analyses of the potential impact of tariffs on markets. The general consensus is that tariffs are increasing uncertainty and could negatively affect global economic growth. Particularly, Goldman Sachs and BCA Research have issued bearish forecasts, predicting a decline in the S&P 50