Sylvia Sheng

Sylvia Sheng

Sylvia Sheng, vice president, is a global strategist on the multi-asset solutions team, responsible for communicating the group's economic and asset allocation strategy, based in Hong Kong. Prior to joining J.P. Morgan, she worked as a China and Asia economist at Bank of America Merrill Lynch. She has a PhD in economics from the University of Cambridge and an MPhil and BA in economics from the same university.

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Latest from Sylvia Sheng

Macroscope | Coronavirus, US election and Brexit will weigh heavily on markets in the fourth quarter

Apart from a winter resurgence of Covid-19 in the northern hemisphere, uncertainties about the outcome of the US presidential election, the future of UK’s departure from the European Union and US stimulus packages will make for volatility in the fourth quarter.

2 Oct 2020 - 10:33PM

Apart from a winter resurgence of Covid-19 in the northern hemisphere, uncertainties about the outcome of the US presidential election, the future of UK’s departure from the European Union and US stimulus packages will make for volatility in the fourth quarter.

Coronavirus, US election and Brexit will weigh heavily on markets in the fourth quarter
Macroscope | Why the yuan could soon shake off its sluggishness against the US dollar

Demand for Chinese exports and bonds is likely to grow in the coming months as economies recover and Chinese yields continue to stand out. But US-China tensions remain a key risk.

29 Aug 2020 - 4:09AM

Demand for Chinese exports and bonds is likely to grow in the coming months as economies recover and Chinese yields continue to stand out. But US-China tensions remain a key risk.

Why the yuan could soon shake off its sluggishness against the US dollar
Macroscope | Why China’s A-share market is starting to look like a safe haven

China’s economic recovery is on track and policies are cautiously supportive. US tensions and tariff risks remain but China’s containment of resurgent infections lends its stock market characteristics of a relative safe haven.

17 Jul 2020 - 10:24PM

China’s economic recovery is on track and policies are cautiously supportive. US tensions and tariff risks remain but China’s containment of resurgent infections lends its stock market characteristics of a relative safe haven.

Why China’s A-share market is starting to look like a safe haven
Macroscope | Expect more stock market volatility as US presidential election nears if tariff threats heat up again

The greatest risk to seesawing markets is an escalation in US-China tensions. While rhetorical sabre-rattling is unlikely to unsettle investors in the near term, an increase in tariff threats closer to the November election could see renewed turbulence.

19 Jun 2020 - 10:22PM

The greatest risk to seesawing markets is an escalation in US-China tensions. While rhetorical sabre-rattling is unlikely to unsettle investors in the near term, an increase in tariff threats closer to the November election could see renewed turbulence.

Expect more stock market volatility as US presidential election nears if tariff threats heat up again
Macroscope | Amid coronavirus-driven volatility, three reasons the rennimbi has remained stable

The renminbi is backed by a Chinese economy that is recovering faster than others, an improving current account balance and a central bank not keen on devaluation. However, an escalation of US-China trade tensions could trigger a weakening of the currency.

15 May 2020 - 8:20PM

The renminbi is backed by a Chinese economy that is recovering faster than others, an improving current account balance and a central bank not keen on devaluation. However, an escalation of US-China trade tensions could trigger a weakening of the currency.

Amid coronavirus-driven volatility, three reasons the rennimbi has remained stable
Macroscope | Investors still favour China’s assets amid the coronavirus economic shock – for good reason

Chinese equities and the yuan have fared better than their counterparts elsewhere. Without ignoring the downside risks, it is safe to say China is likely to lead the rest of the world in the recovery from Covid-19 outbreak.

3 Apr 2020 - 10:17PM

Chinese equities and the yuan have fared better than their counterparts elsewhere. Without ignoring the downside risks, it is safe to say China is likely to lead the rest of the world in the recovery from Covid-19 outbreak.

Investors still favour China’s assets amid the coronavirus economic shock – for good reason
Macroscope | Asia must brace for short-term volatility as Covid-19 hits China and South Korea harder than expected

The surge in infections in South Korea is dampening economic activity even as China struggles to return to work, hurting demand for exports from rest of Asia. Governments are rolling out accommodative measures but if Covid-19 continues to spread, expect uncertainty to remain in the near term.

6 Mar 2020 - 10:28PM

The surge in infections in South Korea is dampening economic activity even as China struggles to return to work, hurting demand for exports from rest of Asia. Governments are rolling out accommodative measures but if Covid-19 continues to spread, expect uncertainty to remain in the near term.

Asia must brace for short-term volatility as Covid-19 hits China and South Korea harder than expected
Macroscope | Coronavirus will hit hard, but Asia’s economies can rebound on the back of strong policy support

The sharp impact of the epidemic on China’s economy will depress growth in the rest of emerging Asia via trade links and tourism flows. But quick action by central banks and policymakers will ensure the impact is temporary.

14 Feb 2020 - 10:14PM

The sharp impact of the epidemic on China’s economy will depress growth in the rest of emerging Asia via trade links and tourism flows. But quick action by central banks and policymakers will ensure the impact is temporary.

Coronavirus will hit hard, but Asia’s economies can rebound on the back of strong policy support
Macroscope | 2020 will be the year emerging Asia’s economic growth catches up with its equity markets

The easing of US-China trade tensions and a recovery in the tech cycle are likely to stimulate growth in the region this year, on the back of continuing monetary and fiscal policy support, even if the growth is expected to be modest.

10 Jan 2020 - 10:33PM

The easing of US-China trade tensions and a recovery in the tech cycle are likely to stimulate growth in the region this year, on the back of continuing monetary and fiscal policy support, even if the growth is expected to be modest.

2020 will be the year emerging Asia’s economic growth catches up with its equity markets
Macroscope | People’s Bank of China may be turning dovish, but investors should not bet on major stimulus in 2020

Chinese policymakers seem inclined to stabilise the economy through monetary and fiscal easing measures, but a substantial ramp-up of policy stimulus appears unlikely.

7 Dec 2019 - 5:09AM

Chinese policymakers seem inclined to stabilise the economy through monetary and fiscal easing measures, but a substantial ramp-up of policy stimulus appears unlikely.

People’s Bank of China may be turning dovish, but investors should not bet on major stimulus in 2020
Macroscope | The trade war’s damage is done in Asia, and even an interim US-China deal can’t undo the past year

Even if the US and China reached a place-holder deal, uncertainty caused by past reversals in talks would weigh on Asia. The trade war has also taken its toll on exports and supply chains, and this cannot easily be undone.

11 Oct 2019 - 10:17PM

Even if the US and China reached a place-holder deal, uncertainty caused by past reversals in talks would weigh on Asia. The trade war has also taken its toll on exports and supply chains, and this cannot easily be undone.

The trade war’s damage is done in Asia, and even an interim US-China deal can’t undo the past year
Macroscope | US-China trade war turmoil and global economic gloom cast a dark shadow on Asian equity markets

US-China trade tensions and slowdowns in major economies have spurred recent market volatility. Looser monetary policy from Asian central banks and trade war concessions may provide respite, but not a rescue.

23 Aug 2019 - 10:31PM

US-China trade tensions and slowdowns in major economies have spurred recent market volatility. Looser monetary policy from Asian central banks and trade war concessions may provide respite, but not a rescue.

US-China trade war turmoil and global economic gloom cast a dark shadow on Asian equity markets