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Bloomberg Markets and Finance published this video item, entitled “Robeco APAC CIO: Underweight China, Hong Kong” – below is their description.
Jun.15 — Arnout van Rijn, Asia-Pacific chief investment officer and fund manager at Robeco, discusses why he’s underweight China and Hong Kong equities. Arnout’s team manages around $4 billion of Asian equity money from Hong Kong. He speaks to David Ingles and Tom Mackenzie on “Bloomberg Markets: China Open.”Bloomberg Markets and Finance YouTube Channel
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In This Story: China
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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The Pacific Ocean is the largest and deepest of Earth’s oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean in the south and is bounded by the continents of Asia and Australia in the west and the Americas in the east