China

TAG China Country Head Han Lin Comments on Evergrande Bankruptcy

“This [Evergrande windup] has an implication for fund managers thinking about atactical China allocation,” said Han Shen Lin, China country director at the AsiaGroup, a U.S. business consultancy. “In the absence of an enforcement mechanismto get to the collateral, China bonds — supposedly safer — are the same risk asequity. I think that will dampen

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China and U.S. Congress in 2024

The high degree of Congressional attention on the challenges China poses to U.S. values and interests did not translate into new lawmaking last year. Senate Majority Leader Chuck Schumer’s (D-NY) early plans to pull together a China Competition Bill 2.0 – the third such effort since the 2021 legislation that eventually resulted in passage of the CHIPS Act – stalled and were overtaken by debt ceiling, budget, and nomination fights. Former Speaker McCarthy similarly promised to deliver a House bill to ban TikTok and implement the Republican’s 2020 China Task Force Report.

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TAG China Country Head Han Lin Comments on China’s Investment Banking Environment

“They have seen the harsh economics faced by their peers”, said Han-Shen Lin, China country head at advisory consultancy The Asia Group. The question, Lin said, was whether Citi would maintain the “minimum capability required” to operate an investment banking unit in the country, “or whether they will go all-in”.

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