Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
In early this year, the People's Bank of China ambushed the short sellers in yuan offshore market in Hong Kong, as a result of which the short sellers suffered huge loss.
ANBOUND's chief researcher, Chen Gong has spent years in strategic research and he is of the view that the short sellers did not leave merely because of the measures taken by the Chinese government.
The short sellers misjudged the United States, the world economy as well as the finance.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Following the implementation of negative interest rates by the euro zone, Switzerland, Denmark and Sweden, the Japan's central bank announced its adoption of negative interest rate on January 29, 2016, it is possible that more nations will follow suit.
ANBOUND's chief researcher, Chen Gong is of the view that the worldwide negative interest rate environment might pose a significant risk to the banking system.
Since China does not have close ties with the international financial market, in the event the negative interest rate triggers global financial crisis, as soon as the risk starts to spread, China should absolutely consider the possibility of shutting down its financial system.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
During her speech at the Economic Club of New York on 30th March, Janet Yellen, the Fed Chair took a dovish tone, which has significant impact on the global market expectation.
Apart from the United States, major economics including European countries, Japan and China have all introduced loose monetary policies, of which ANBOUND's chief researcher, Chen Gong is of the view that under the current circumstances, the loose monetary policies introduced by the central banks in the hope of stimulating the respective economies are all but idle efforts
It is right to reach a consensus on constraining capital surplus.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
While the 'de-stocking' policy is sending yet another strong stimulus to the real estate markets in certain cities in China, the first edition of ANBOUND’s chief researcher, Chen Gong’s book titled "Urbanization, Turning the World Upside Down" was published by Citic Press Group in March 2016.
Following his in-depth study on global urbanization, Chen Gong discovers that there is an important correlation among urbanization wave, excess capital and economic crisis which are interrelated and affecting one anothe
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The promotion of financial reform is one of the crucial work for China's thirteen five-year plan and how should the financial reform go about has generated concerns and thoughts from various parties.
ANBOUND’s chief researcher, Chen Gong is of the view that from the perspective of "big finance’, China’s reform should resist from excessive novelty and the urge for fast progression and these are of particular importance in light of the capital surplus situati
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
After the collapse of the USSR some 24 year ago, the Russians have again become poor.
ANBOUND's chief researcher, Chen Going points out that as a country with nearly 84% of urbanization rate (similar to Germany, higher than Italy), there is hardly any operating space that can be offered by the rural areas to rescue the collapsing economy in Russia. If the low oil prices and the Western sanctions continue, the economic collapse in Russia might lead to greater societal problems and domestic crisis.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
ANBOUND's chief researcher points put that the structure of the society has been simplified and became pure.
We have state-owned enterprises but not as many industries, we have manufacturer yet we are losing the manufacturing industry.
Should there be any major risk in China’s society or the sudden occurrence of black swan event, then it must be because of the financial risks.
The uncertainty in financial environment might be the last domino to fall, shattering China’s stability for the past two decade
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Since 2015, both the global situation and the China's situation have been unprecedentedly complicated.
ANBOUND’s chief researcher, Chen Gong is of the view that China is now facing the unprecedented soft encirclement in terms of economy and politics; the pressure is unprecedented and this has not been seen in the past few decades since the formation of China.
The various problems faced by China have something to do with this.
China is undergoing a complex systematic engineering of transformations and reforms and it should be over simplified
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Recently George Soros has suggested that he was planning to short-sell China's yuan currency.
According to ANBOUND's Chief Researcher, Chen Gong, the challenges and problems faced by the financial market after its opening up have been seriously underestimated.
The reform has yet to be accomplished, and the challenges have not been handled and solved effectively.
There are only two options left: forsaking the market and ignoring any reforming effort, or hastening the reforming effort.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
ANBOUND's chief researcher, Chen Gong believes that there are a few key frameworks to the relations between China and the United States.
Firstly, the liberal and the conservative governments.
Secondly, how far the two-track policy can go.
Thirdly, the Asia-Pacific Rebalancing strategy.
Fourthly, the Trans-Pacific Partnership (TPP) agreement which is well received and supported by the Asia-Pacific countries.
Overall, this is not a good timing for China to be radical, China should instead return to the old path of being steady and robust.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong, ANBOUND's chief researcher points out that the China’s stock market has projected a not healthy image to the public and such image is in line with the performance of the securities market.
Both the new and old problems of the China’s stock market have blown together resulting in a chaotic market.
Intervention by the government is the old problem faced by the stock market while the new problems are embodied with the excess capital and financial regulation
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
There are quite a few bad news for the Chinese industries this year; this is especially true to the automobile industry that employs a large number of people. The statistics show that the development of this year does not show much positivity. ANBOUND's Chief Researcher Chen Gong pointed out that Chinese automobile industry does not have a smooth ride in overseas, and this is related to lack of and neglect of strategic forecast. To restructure overseas strategy and solidify overseas market, internationalized internet selling platform should be introduced to reduce the cost on this basis and to revitalize the industry.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong, ANBOUND's chief researcher is of the view that, for GDP, we should pay attention to its efficiency, it has to be balanced and the social indicators shall be taken into consideration.
However, if the GDP model is anomalous, then it is one-fold, with only simple accumulation of investment, investment and investment.
This is anomalous GDP model. And in order to rectify such model, the manufacturing sector, service sector and internet sector, are, of course, have to be developed, and what is more important is that none of these industries should be overemphasized at the expense of the others.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Former Federal Reserve Chairman Ben Bernanke claims that the inclusion of RMB into the special drawing rights (SDR) basket is merely of symbolic significance.
Save and except for internal accounting within the IMF, in practice, the SDR has very limited use.
ANBOUND's chief researcher, Chen Gong, however, is of the view that in general, the public’s attention is mostly on the commentaries on the inclusion of RMB into the SDR basket, this, however, does not mean that China could just sit there and wait for luck to come
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Credit Suisse said in its Global Wealth Report 2015 that although China has the largest middle class population in the world, the average wealth of a middle class adult in China is far less than in the U.S and Japan and the percentage of the different classes in China differs significantly from the U.S and Japan.
ANBOUND's chief researcher, Chen Gong is of the view of that the Chinese middle class which has low standard is facing a crisis!
The wealth constituting the China’s middle class have risks, mainly in real estate, which could be "destroyed" anytime and the standard of the middle class for each country is not comparable