Current analysis does not guarantee future results.
As of September 14, 2020
*Auto-key parts include automatic transmission, continuously variable transmission, high-end engine timing chain systems, braking devices, etc.
†Manufacturing and testing equipment used for producing high-end digit control machine tools, high-quality equipment, carrier rockets, large aircraft, aero engines and automobiles
Current analysis does not guarantee future results.
As of September 14, 2020
Source: BIS, CEIC Data, Citi Research and company reports
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Hua Cheng is a Senior Vice President and Director of Asia Credit Research. She joined AB in 2011 and now oversees the credit research capabilities in Asia. Cheng is also responsible for covering the technology sector in China, as well as banks and nonbank financial institutions in the Asia Pacific region, with an emphasis on China’s financial system and credit market. Earlier in her tenure at AB, she was an equity research analyst covering Chinese and Hong Kong banks. Cheng was previously an auditor at PricewaterhouseCoopers, where she audited China’s financial institutions. She holds a BA in finance from the Capital University of Economics and Business (Beijing) and an MBA from the Columbia Business School. Cheng is a CFA charterholder.
Elizabeth Bakarich is a Senior Vice President and Portfolio Manager, focusing on emerging-market corporate debt. She is a member of the Credit, Emerging Market Corporate Debt and Emerging Market Debt portfolio-management teams. Bakarich became part of the Emerging Markets team in 2014, working as an associate portfolio manager on corporate and local-currency debt portfolios. Prior to that, she worked in the firm's London office on the Global and European Credit teams. Bakarich joined the firm in 2006 as an associate with the US Municipal Group and later became supervisor of that group. She holds a BS and MS in mathematics from the Stevens Institute of Technology. Bakarich is a CFA charterholder. Location: New York