Catherine Yeung, Investment Director at Fidelity International, joins FidelityConnects again today. Catherine, who is based in Hong Kong, weighs in on developments in China, unpacks recent regulatory and policy changes and offers her thoughts on what investors need to know about investing in this current environment. Catherine provides an update on COVID restrictions in Hong Kong, sharing she has been back in the office quite a bit, cases are low, but borders remain closed and quarantine restrictions remain strict. Catherine also discusses investing opportunities in Asia, and how investors in North America should view investing in China. Catherine shares that Fidelity China Fund manager Jing Ning’s style is to consider policy change. Catherine notes that China remains an investable space with an understanding of the policy cycle, not being swept up in the policy-news headwinds, as well as having access to companies in the country. Among other topics, Catherine discusses inflation, energy, geopolitics, the upcoming Beijing Olympics, as well as the Evergrande developments and property in China. Catherine notes that property remains the backbone of the Chinese economy.

Recorded on October 15, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_yeung_15oct.pdf