For many international money managers, investing in China is a risky proposition. The recent plunge in the country’s stock market, along with the government’s subsequent heavy intervention, both serve to support this attitude. Furthermore, foreign investors still enjoy limited access to the local markets.
However, we believe it is important, to see past the immediate noise and look at China with a more long-term perspective. At PineBridge Investments, we believe that the pace and trajectory of Beijing’s reform program, if maintained, puts the country on track to become a financial superpower by 2020. The process might not be a smooth one, but at the end of the decade Shanghai could rival London and New York as one of the world’s preeminent financial hubs.
Read the full white paper at the link beneath Related Files