J P M O R G A N Asia Pacific Emerging Markets Research 27 June 2025 China Local Markets Weekly Chinese corporates still behind the curve on de- dollarization Executive summary Emerging Markets Strategy Tiffany Wang AC (852) 2800-1726 tiffany.r.wang@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited Arindam Sandilya (65) 6882-7759 arindam.x.sandilya@jpmorgan.com JPMorgan Chase Bank, N.A., Singapore Branch Grace Ng (852) 2800-7002 grace.h.ng@jpmorgan.com JPMorg ...

J P M O R G A N Asia Pacific Emerging Markets Research 30 May 2025 China Local Markets Weekly Uncertainty is the only certainty here Executive summary Current trade recommendations | Current outright trades | Entry Date | Entry | Current | P&L | Relevant Note | | --- | --- | --- | --- | --- | --- | | Long 3y CGB (FX-hedged) | 7-Mar-2025 | 1.53% | 1.49% | +4bp | Note | | GBI-EM Model Portfolio | Positions | Weight | | | | | CNY FX | MW | | | | | | CNY bonds | MW | | | | | Source: J.P. Morgan Emerging Markets ...