The podcast explores the outlook for the Chinese market amidst geopolitical tensions, particularly the fragile ceasefire between the U.S. and Iran. Hong Hao, managing partner and CIO of Lotus Asset Management, advises against chasing the market rally, suggesting the war is de-escalating into a regional conflict between Iran and Israel, which will sustain upward pressure on oil prices. Despite a recent setback, Hong Hao believes the case for gold is stronger than ever, highlighting central banks' increasing gold holdings, specifically mentioning that the Chinese central bank has increased gold holding for the 17th month consecutively. While acknowledging China's economic resilience, Hong Hao cautions that no economy is immune to high oil prices and anticipates a potential slowdown in Chinese economic growth for the rest of the year.
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