---
title: RisCura Research Team
type: taxonomy_archive
taxonomy: riscura_author
slug: riscura-research-team
term_id: 109
permalink: "https://riscura.com/riscura-author/riscura-research-team/"
post_count: 22
---

# RisCura Research Team

Posts in this archive: 22

- [Chinese equities: do they still offer diversification benefits](https://riscura.com/wp-content/uploads/wp-mfa-exports/post/chinese-equities-do-they-still-offer-diversification-benefits.md)
- [China manager selection: separating skill from market exposure](https://riscura.com/wp-content/uploads/wp-mfa-exports/post/china-manager-selection-separating-skill-from-market-exposure.md)
- [China’s consumption challenge](https://riscura.com/wp-content/uploads/wp-mfa-exports/post/chinas-consumption-challenge.md)
- [China’s industrial technology edge](https://riscura.com/wp-content/uploads/wp-mfa-exports/post/chinas-industrial-technology-edge.md)
- [China beyond manufacturing: Automation and the rise of services](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/china-beyond-manufacturing-automation-and-the-rise-of-services.md) — In late 2025, Chinese equities completed a full cyclical transition, moving from a period of volatile consolidation and policy support to a pre-New Year rally. The A-share market came under pressure in November before rebounding. Investor sentiment weakened amid debates around the sustainability of the AI narrative and a marginal tightening in liquidity conditions, prompting a rotation into defensive sectors such as banking and pharmaceuticals. The MSCI China A Onshore Index outperformed significantly in December (+4.8%). The MSCI China Index dipped (- 1.5%) while the China All Shares Index remained flat (+0.4%). On a full-year basis, all three indices delivered strong double-digit growth: MSCI China (+28.1%), MSCI China A Onshore (+27.0%), and MSCI China All Shares (+25.9%).
- [China's role in the global economy](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinas-role-in-the-global-economy.md) — After an exceptionally strong third quarter, Chinese equities saw a modest pullback in October. Recent macroeconomic indicators point to some softening in China’s economy. Exports unexpectedly contracted by 1.1% year-on-year, marking their first decline since February, as companies awaited the outcome of the Xi-Trump summit. Despite these short-term pressures, full-year GDP growth remains on track to meet the government’s target of “around 5 percent,” and further large-scale stimulus appears unlikely unless the economy experiences a material negative shock. The MSCI China and MSCI China A Onshore indices declined by 3.8% and 0.2%, respectively. Retail sales remained subdued and property sales softened across major cities. Industrial profits fell 5.5% year-on-year ─ the largest decline since June ─ partially unwinding the double-digit growth recorded in August and September.
- [China’s advancements in hard technology](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinas-advancements-in-hard-technology.md) — Chinese equities extended their rally in August, with gains largely concentrated in the AI compute chain. While consumer and healthcare sectors took a pause, the strength of the market was underpinned by visible progress and substantial market opportunities across the computing power ecosystem. This reflects both the technological drive and the unique structure and ecosystem of China’s equity market. On the macro front, inflation remains muted, but activity data signalled resilience. The MSCI China Index gained 4.9% and the MSCI China A Onshore Index advanced by 12.8%. Domestic tourism registered a 21% year-over-year increase in the first half of 2025, while county-level regions are emerging as new growth drivers. Household deposits fell by 0.7% in July, representing a withdrawal of over RMB 1 trillion.
- [The importance of risk management in China](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/the-importance-of-risk-management-in-china.md) — China’s equity markets posted solid gains in July, supported by improving sentiment and thematic sector strength. Mainland-listed A-shares outperformed Hong Kong-listed H-shares, reversing the relative outperformance seen in the first half of the year. The rally was led by themes such as computing power, “anti-involution” (efforts to curb excessive internal competition), biotech and new consumption. The MSCI China Index and the MSCI China A Onshore Index were up by 4.8% and 4.4% respectively. Macro-sensitive sectors, including home appliances, real estate, and food & beverage, remained muted. Inflows from retail, pension, and insurance investors remained strong, and average daily turnover surged to approximately CNY 0.8 trillion, up from CNY 0.5 trillion in June.
- [Chinese consumer brands on the rise](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinese-consumer-brands-on-the-rise.md) — China was relatively muted in June, with limited policy signals from Beijing and no major announcements. Nevertheless, the equity market held up well, with key indices maintaining their upward momentum driven by improved trade dialogue with the US. and rising confidence in the economy’s stabilisation. The MSCI China, MSCI China All Shares, and MSCI China A Onshore indices saw gains, ending the month up by 3.1%, 2.95%, and 3.46%, respectively. Sector wise, semiconductors, renewable energy, and financials were the major contributors. Retail sales in May rose by 6.4% year-on-year, beating expectations and marking the strongest growth since December 2023.
- [May China Market update](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/may-china-market-update.md)
- [Our take on tariffs](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/our-take-on-tarrifs.md) — China’s equity markets declined by low to mid-single digits in April, marked by heightened intra-month volatility following the unexpected announcement of new Trump-era tariffs. Beneath these headlines, investors broadly sold off companies with significant overseas revenue exposure, while rotating into domestic consumption and self-sufficiency themes, perceived as beneficiaries of the ongoing US-China decoupling.
- [China's rapid progress in healthcare](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinas-rapid-progress-in-healthcare.md) — The Chinese equity market showed a relatively positive trend in March. The market continued its spring rally during the first half of March, with risk appetite maintained during the "Two Sessions" period. Investments remained focused on policy-driven momentum and emerging industry trends. However, approaching the latter half of the month, the market was affected by the earnings reporting season. In early March, a three-year-old Chinese startup made global headlines with the launch of its first general AI agent, Manus.
- [February China Market update](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/february-china-market-update.md)
- [China’s AI Boom: Talent and Innovation Driving the Future](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinas-ai-boom-talent-and-innovation-driving-the-future.md) — China’s AI and tech sector is advancing rapidly, driven by a skilled workforce, strong government support, and a vast data ecosystem. The launch of DeepSeek’s latest AI model highlights China’s ability to innovate despite US technology restrictions. Entrepreneurs and engineers continue to push boundaries, making breakthroughs in AI applications. With robust venture capital backing and a thriving startup culture, China is cementing its position as a global AI leader.
- [China’s Fund Industry Got Talent](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/chinas-fund-industry-got-talent.md) — In December, the Chinese equity market experienced a rise followed by a pullback. However, offshore (Hong Kong) stocks still ended the month in positive territory, helping the overall indices to a positive end to the year. Benefitting from the year-end effect, dividend stocks have risen, while certain AI-related concepts still have momentum. Overall, the market remained in a consolidation phase following the rally since late September.
- [Policy initiatives and sector rebounds](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/policy-initiatives-and-sector-rebounds.md) — In November, the Chinese equity market showed significant volatility, with a pattern of early gains followed by a pullback. Small-cap stocks continued to outperform large-cap stocks. The MSCI China, MSCI China A Onshore and MSCI China All Share Indices declined by 4.5%, 1.5%, and 3.3%, respectively. Although the market was down overall, there were some positive sectors including banks, other financials and telecommunications.
- [China market – the turning point?](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/china-market-the-turning-point.md) — In October, the Chinese equity market saw mixed performance across indices, with small-cap stocks continuing to outperform large-cap stocks. Major indices, which are primarily dominated by large-cap stocks, all experienced corrections. Market sentiment fluctuated between optimism and caution, as onshore "hot money" flowed into the market, while some institutional investors remained on the sidelines, waiting for further policy clarity.
- [Notes from our recent trip to China](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/notes-from-our-recent-trip-to-china.md) — In September 2024 the Chinese equity markets experienced a substantial rebound. Driven by favourable policy measures, market sentiment was notably boosted. Among sectors, real estate, internet, and financials were the top performers, rising by 25.1%, 22.1% and 15.6%, respectively. The real estate sector led the gains, largely benefiting from various government measures aimed at stabilising the property market.
- [Stronger policies aim to boost domestic demand](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/stronger-policies-aim-to-boost-domestic-demand.md) — In August, the Chinese equity market experienced a series of fluctuations, largely driven by weaker quarterly earnings reports from many companies. Additionally, the opening of closed-end funds for redemption triggered localised liquidity events. In terms of sectors, petrochemicals and coal showed relative resilience, whereas national defence, agriculture, beauty, construction materials, and steel faced the most adjustments. Nevertheless, some sectors still exhibited overall growth and marginal improvements in quarterly performance, such as agriculture, telecommunications, electronics, insurance, wind power, chemical materials, and industrial metals.
- [Resilience through a challenging macro environment](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/resilience-through-a-challenging-macro-environment.md) — Chinese equity markets experienced a dynamic month in July, but all indices ultimately ended down. While most major sectors performed better than the previous month, the cyclical sector lagged, revealing clear differences among various sub-sectors. Among all sectors, non-bank financials ranked first, while national defence also did relatively well. In contrast, the energy and consumer sectors, particularly coal, textiles, petrochemicals, light manufacturing, and non-ferrous metals, were the main contributors to the overall downtrend.
- [China Property Sector Rescue](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/china-property-sector-rescue.md) — Chinese equity markets dipped in June, with sector rotations continuing at a relatively fast pace and trading volume experiencing a slight decline. Real estate transactions showed a mild year-on-year (YoY) recovery following the release of a mid-May real estate policy package. From 1 to 29 June, the YoY growth rate of new home transactions in 60 cities and second-hand home transactions in 26 cities improved to -24.7% and +14.4%, respectively, from -37.5% and -4.7% in the previous month.

Although mid-month credit and inflation data fell slightly below expectations, the overall economy continued to improve, with good export, employment and industrial production indicators. 
- [The Rise of Chinese Apps in the World](https://riscura.com/wp-content/uploads/wp-mfa-exports/report/the-rise-of-chinese-apps-in-the-world.md) — Chinese equity markets demonstrated mixed performance amid a dynamic economic landscape in May. In the first half of the month, A-shares experienced slight fluctuations and a modest upward trend as a resurgence in travel activity during the May Day holiday boosted the consumer sector.

Although mid-month credit and inflation data fell slightly below expectations, the overall economy continued to improve, with good export, employment and industrial production indicators.