Experts

Stephen Chang

Portfolio Manager, Asia

Mr. Chang is a managing director and portfolio manager in the Hong Kong office, managing Asia portfolios and developing PIMCO’s business in this space. He is also a member of the PIMCO Inclusion and Diversity Advisory Council. Prior to joining PIMCO in 2018, he was a managing director and head of Asian fixed income for JPMorgan Asset Management, responsible for managing bond portfolios in the region and setting macro and asset allocation strategy as part of the broader emerging market debt team. Previously, Mr. Chang was a senior interest rates and derivatives trader with the Royal Bank of Scotland in Hong Kong and a global fixed income portfolio manager at Fischer Francis Trees & Watts, Inc. in New York. He has 28 years of investment experience and holds a master’s degree in management science from Stanford University and an undergraduate degree in computer science from Cornell University.

Economic and Market Commentary

China's Growth Evolution: Opportunities and Challenges for the Global Economy

2024/08/30

China's economic transformation presents both challenges and opportunities for global markets.

Adam Bowe, Stephen Chang

Economic and Market Commentary

Secular Stars: Why India and Indonesia Are Set to Shine as Global Economic Leaders

2023/08/10

We believe the two resource-rich economies – once labeled fragile – will be global growth leaders over the next several years, driven by prudent policies and stable macro fundamentals.

Subhash Ganga, Stephen Chang

Education

Reading the Road Ahead: Behind the Scenes at PIMCO’s Economic Forums

2023/07/01

Before Economic Forums were mainstream on Wall Street, our investment professionals were gathering to identify economic and market trends for our clients. Decades later, the cornerstone of our process is stronger and more important than ever.

Daniel J. Ivascyn, Tiffany Wilding, Stephen Chang, Lupin Rahman, Steve Rodosky, Christian Stracke, Richard Clarida

Economic and Market Commentary

5 Key Takeaways from China’s 14th National People’s Congress

2023/03/17

China’s central government puts high-quality growth as top priority, along with continued support for business and opening-up.

Stephen Chang

Economic and Market Commentary

Asia Market Outlook 2023: Regional Resilience Amid Strained Global Markets

2023/02/08

As the COVID-19 recovery continues, we expect Asia’s growth-inflation dynamics to diverge from the rest of the world, led by China’s long-awaited economic reopening.

Stephen Chang, Subhash Ganga

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