China is the century of investment opportunities, or an economic event has not yet occurred? which both came to the conclusion that this was waking the sleeping giant is investors should not be ignored, otherwise huizhiwanyi.
Regarding investment, even in economic terms the most ignorant people know that China is rapidly developing into the "world factory". China's cheap labor and increasing productivity is reducing the cost of all products, from toys to the TV.
However, the Chinese economy is growing so that investors are increasingly concerned that once the boom of the past, Japan, the United States and the European economy will be joint and several.
But worry not prevent an influx of Chinese stock market investors. HSBC Bank last month in advance over its Chinese investment Fund (ChinaMomentumFund) of the second reason is the importers prospectuses, the sheer volume.
This Fund will direct investment in China A-share market. Many people believe that China A-share market risks than in the Hong Kong exchanges of H shares and "red chips" risk.
HSBC asset management departments of the Pharisees · Thomas said: "there's a lot of stock, you must be cautious about investing in stock. Therefore you need to have a good understanding of the situation of people management investments. ”
Although the investor enthusiasm, but Western's Fund managers are feeling by the Chinese Government introduced last year by demand measures "hoax". "Nova Foundation" Patrick · evershed said: "18 months ago, I have a 15% to 16% of the vote in China. Last spring the Government implements comprehensive severe control measures, the reduction in capital investment. "He said, the Chinese economy is still in progress, but he was afraid that the Government would turn with stringent means to control growth, such as restrictions on credit not just raising interest rates.
As a defensive measure, he has turned to liquidity better stock, such as "China Telecom" and "China life." However, he reduced investments in China mainly want to take advantage of many high-quality company listing opportunities in London.
Canada ATMORE company (Gartmore) "China opportunities Fund" (ChinaOpportunitiesFund) Manager Philip · Ellman not so worried about Chinese Government efforts to control growth. He said: "China's economic growth was almost inexorably, China's stock market is more challenging. ”
He said that, in some significant accumulation of productive capacities and raw material prices rise, there is obviously a profitability pressures, so he chose consumer stocks. Up to 9% annual growth rate makes Chinese people rich. He chose a chain of electrical distribution company "GOME" and food chains "Beijing of beauty" and "Shanghai Lianhua" stocks.
Domestic consumption would also seem other fund managers. The "General Fund" securities Manager Lloyd · Branford also select investment "United States" and "of". Morgan's Flanders "China Investment Trust Fund" (FlemingChineseInvestment Trust) Manager ManWingChung said: "we still tend to moderate growth, based on the domestic and cash flow for the larger company stocks, such as retail trade, and consumer stocks, as well as some oversold stocks. "But he was afraid that there will be further cooling economy measures.
Merrill Lynch research department heads in China Zheng Qiong (JoanZheng) the control measure may impact is optimistic. She is currently with pegged RMB appreciation will be limited, China will have more stringent tax administration and the iron and steel and energy sector of the control. She thinks that the stock market rebounded in the second half of this year.
Investors should also be noted that the exchange rate factor. Select the opportunities Fund for investment in China is quite representative. It's in China's investment returns from the lower point two years ago to more than 90%, but due to the depreciation of the dollar, converted into GBP rate has been less than 60%.
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