The Global Luxury market is forecasted to grow to US$444 billion (RMB3.1tr) by 2025, with Chinese customers expected to account for over 40%. However in the near term, the luxury goods sector could see more volatility as a number of investor concerns and potential headwinds have re-emerged.
The National People's Congress approved the revised Land Management Law on August 26, which will go effective on January 1. Citi analysts examine the economic implications of rural land reform in China.
Last week, the US Federal Reserve met market expectations by cutting rates by 25bps. Whilst this is their third rate cut since July, Chairman Powell signaled a rate pause going forward, indicating it could take a “material change” in the outlook for the Fed to act again.
Hong Kong government measures to boost home ownership
By Jessica Tan
Though a series of measures were announced by the Hong Kong Chief Executive to encourage home ownership last week, Citi analysts feel high housing prices may stay. Property developer stocks offer deep discount to NAV and relatively high dividend yield.
A EU – UK Brexit Deal Agreed But It's Not Quite Over Yet
By Jai Tiwari
The EU – UK reach a new deal that's supposed to ensure Britain leaves the EU in an orderly way and removes the Irish backstop. But an equally difficult hurdle remains – the UK parliament voting on the deal on October 19th.
