Jpmorgan China Growth & ... Share Discussion Threads

[deadly] 06/4/2020 16:51

All-time high in these otherwise catastrophic times!

[loganair] 22/3/2020 18:55

China has a massive domestic population to fall back on and their government has the power and the ability to quickly change and direct things which most Western countries do not have.

[pugugly] 22/3/2020 18:36

With massive potential fall in world demand for consumer goods significant chance (imo) that China will not be able to depend on exports to hit growth targets - Therefore risk that nav will reduce over the -say- next 18 months - Maybe already priced in with the current discount to nav- Also I wonder how much of the recent share price rise is due to Sterling fall against the greenback rather than any underlying growth in investee assets.

[loganair] 22/3/2020 13:39

How much longer can the United States keep going?

National Debt - $23.6 trillion
Budget Deficit - $1.6 trillion
Federal Debt to GDP - 108.8%

Coronavirus bailout package $2 trillion leaving the:

National Debt - $25.6 trillion
Federal Debt to GDP - 118.5%

Assuming 2021 returns to normality by the end of 2021:

National Debt - $27.2 trillion
Federal Debt to GDP - 123.2%

[loganair] 14/2/2020 11:24

Being reported for every 1% knocked off China's growth, reduces EU growth by 0.6% and World GDP growth by 0.2%.

When China comes out with it's next 5 year plan expected to forecast around 5.5% growth per year over the 5 years.

[davvero] 06/2/2020 08:45

@loganair thanks for this new thread

[loganair] 05/2/2020 22:16

JP Morgan - The next phase of China's growth:

China will likely reach a milestone in its development in 2020: achieving USD 10,000 GDP per capita. This massive improvement in the living standards of more than a billion people is one of history’s greatest economic success stories. However, China’s growth has already slowed and very few developing economies, after hitting the 10K per capita mark, have maintained strong growth momentum but rather have fallen into the well-known, pervasive “middle income trap.”

Will China escape the trap, continue growing rapidly past 10K per capita and converge toward the world’s richest economies? We believe it will. This would constitute a remarkable, unusual success story, especially given a somewhat unforgiving international climate and, unlike two other success stories, South Korea and Taiwan, China faces weaker demographics and an overreliance on an inefficient state sector.

Our base-case GDP growth expectation for China is an average of 4.4% over 10 to 15 years, leading to high-income status (by the World Bank’s definition) by 2034. Successful pursuit of economic reforms could steer China onto a somewhat faster growth trajectory; downside risk comes primarily from elevated leverage.



1.China’s policy emphasis on market-driven pricing will likely support bond market growth, while the shifting of risk from banks to markets should help improve the bond market’s liquidity.

2.China’s inclusion in benchmark bond and stock indices has spurred large inflows of foreign investment, yet foreign ownership remains low by international standards, suggesting room to grow.

3.The rise of Chinese institutional investors should help stabilize equity market volatility.

4.The services- and consumer-focused equity sectors will likely offer investment opportunities but at the expense of the energy, materials and industrial sectors, which does not bode well for industrial firms in Hong Kong, Taiwan, Korea and Singapore.

5.More open access to China’s large financial sector should benefit Hong Kong and Singapore financial firms.

[loganair] 05/2/2020 20:30

This thread is for comments on Investment in JCGI and the investment environment in China, Hong Kong and Taiwan.

This thread is to engender dialogue, discussion and involvement of other posters, posting information and points of view of both sides in an objective, informative and hopefully sometimes interesting manner so others can carefully explore, examine and interpret the value of the information while not necessarily intended to change other posters attitude towards investing in JCGI or China, Hong Kong and Taiwan.

Not trying to Sell an opinion, or are really recommending a specific course of action, rather give all on this thread a better understanding and knowledge about the investment environment in China, Hong Kong and Taiwan with which to form their own opinion on whether or not they choose to invest.



On the 4 December 2019, the Company announced a proposal to enhance dividends paid to shareholders through the distribution of capital gains as well as net revenue. Under this new policy, the Board will aim to set a target dividend, in the absence of unforeseen circumstances, equivalent to 4 per cent. of the Company's NAV on the last business day of the preceding financial year. The target dividend will be announced at the start of each financial year, to provide clarity to shareholders over the income stream they can expect during the following 12 months, and will be paid by way of four equal interim dividends on the first business day in March, June, September, and December.

Accordingly, the Company will implement the revised dividend policy with effect from 1 April 2020. Two quarterly distributions for the six-month period to 30 September 2020 will be paid on 1 June 2020 and 1 September 2020 based on the Company's NAV at close of business on 31 March 2020.

In light of the new dividend policy, the Board is pleased to announce that the Company has changed its name to JPMorgan China Growth & Income plc (previously JPMorgan China Investment Trust) and, with effect from 8.00 a.m. on 5 February 2020, the Company's London Stock Exchange mnemonic (TIDM) will change to JCGI (previously JMC).