Steel in China- No Government Capacity Shutdown
​This is a big topic that I find myself addressing to investors each quarter for the past 10 years when I started as a steel analyst at CLSA from where I live in Beijing, China. The most recent news is from The Financial Times, China plans fresh crackdown on Tangshan steel production, they interviewed me for their article. No steel production cuts have been made by the government and none are expected in the near term despite the newsflow. Investors get excited when they hear the government taking action but in steel the issues are too complicated. One positive effect is iron ore price seems to fall on this news
J. Scott Laprise is a Canadian with over 10 years of experience as a Securities and Futures Commission (SFC) licensed analyst covering H Share (Hong Kong Exchange-listed China companies) Chinese companies in Healthcare, Automobiles, and Steel. He was the Wall Street Journal Analyst of the Year in 2012, against over 300 analysts covering all China A and H shares, and was ranked #1 at Credit Lyonnais Securities Asia (CLSA) from 2010-2012 in terms of best calls against all analysts in the company.
Scott has spent more than 8 years working at CLSA, bringing a unique view as one of the few in the industry working on the ground out of Beijing, where he has lived since 1998, as most analysts are based in Hong Kong. He brings a view from the business side that comes out of his 25 years of experience in senior management roles (from sales to operations) running large healthcare companies regionally throughout Asia and China. He has lived in Canada, USA, Mexico, France, Singapore, Shanghai and Beijing. Speaking fluent mandarin, he has been to every single province in China, either by car or train to get the best understanding possible of every region, and their cultural and business differences. Beside fluent Mandarin, he also speaks English and French.
At a personal level, Scott has a deep interest in China such that he has coached the Chinese National Women’s Ice Hockey Team, played baseball against the Chinese Olympic Team, and built and runs a school for poor children near the small town of Chengkou in Sichuan Province, a 6 hour bus ride from Chongqing. From this latter experience, as well as working on many education projects with groups such as Tsinghua University in Beijing, he is writing an in-depth 200+ page report on Education in China.
He is focusing more of his research efforts in Healthcare and Education as they will be the fastest growing sectors in China for the next 10 years.
If you need any specialty work done, such as visits to car dealers, hospitals, steel mills, real estate etc., this can be done quickly from his office in Beijing.
Areas of Expertise
- Primary Asset Class: Equities
- Countries: China
- Sectors: Generalist, Steel, Autos, Helathcare and Education
- Content Verticals: Equity Bottom-Up, Thematic & Strategy
Work Experience
- Analyst, LTH Consulting, Beijing, 2015-2016
- Senior Analyst, Credit Lyonnais Securities Asia Ltd (CLSA), Beijing/Shanghai 2006 – 2015
- LTH Medical Consulting, Beijing, 2001 - 2006
- Country Manager, AVL Medical Instruments, Beijing 2000
- Managing Director Asia, Dade Behring Asia, Singapore, 1995-1998
- Marketing Manager, Behring/Syva, California, 1989-1995
- Country Manager, Syva Mexico, Mexico City, 1994.
- Abbott Laboratories, Canada, 1985-1989
Education
- Univeristy of Western Ontario, Business, 1981 – 1984
- University of Grenoble, Grenoble, France - Bachelor of Arts Courses. 1984
- McGill University, Montreal, Quebec Continuing Education. MBA Courses: Management Information Systems and Financial Accounting. 1985
- University of Foreign Language Studies, Shanghai, China - Mandarin Language Studies, Level 1 & 2. 1999
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