China is one of the most exciting investment opportunities

Source: Internet
Author: User
Keywords Investment opportunities the most
Author: Anthony Bolton One day investors will feel that owning a Chinese fund is a matter of course, and it is inconceivable that most people have not yet invested in it. In my investment decision-making process, meeting with the management team of the company has always been one of the most important links. I visit mainland China almost once a month, and I have attended more than 250 company meetings in the past six months. Through these visits and meetings, I am still very optimistic about China's long-term growth potential.  This potential will not only promote China's rapid economic development, but will also become the main driving force for future Asian economic development and affect all other countries in the region-some of which will become "satellites" around China. Of course, this is not to say that China's future development will be smooth sailing, there is no challenge, but I fully agree with one of my rivals-he commented that one day investors will find it natural to hold a Chinese fund and it is inconceivable that most of them have not invested in it. At the beginning of my fund, the market's view of China was by no means generally optimistic. At the time, doubts about the "bear market" were rising and money was flowing to other emerging markets.  But I would love to see that--if everyone had the same opinion as me, I would be more cautious. There are four reasons to support my bullish and invest in China. First, relatively high growth in emerging markets, such as China, will be more attractive, given the generally depressed global economic growth. Secondly, I believe that investors will benefit from the gradual shift in China's economic structure from export trade, low value-added manufacturing to domestic consumption and higher value-added manufacturing and services. Third, compared to developed markets, foreign investment in the Chinese market is relatively weak, which means that overseas investors have better investment opportunities in the market.  Finally, I am convinced that my years of investment experience and the fidelity of the local team to China's stock market and industry in-depth research will be a strong combination. The current trend of global economic growth is slowing down, and this view has become the consensus of investors. While the developed world, including the US, the UK, the European Union and Japan, has a negative impact on exports from emerging economies, I believe the relative growth of these emerging economies will be more attractive to investors, particularly those that are less reliant on overseas demand. China's economic growth is likely to fall from its current double-digit level to 7% to 8% per cent, but the figure remains extremely attractive compared with the growth rate of around 2% in most parts of the world. In a low growth environment, investors will seek to invest in countries, industries and companies with relatively higher growth.  Therefore, I believe that the premium they are willing to pay will also increase significantly. Another important factor is the difference in monetary policy between developed and emerging markets. In my investment career, I have never experienced a situation where the money generated in one country is rapidly flowing to the other end of the world. I think this phenomenon is at an early stage and will likely become one of the major investment trends of the next year. Hong Kong is a slow-growing hairIn the intersection of the world and the fast-growing emerging world, Hong Kong's monetary policy is linked to the United States, while its trade is mainly in line with the mainland of China.  It is unclear whether Hong Kong's current monetary policy will continue indefinitely, and if Hong Kong's policies change, the results would be uncertain-but likely to be dramatic. Looking ahead, China remains one of the most exciting investment opportunities in the world today. In specific industries, I prefer the consumer sector, such as retail, automotive, housewares manufacturers, restaurants, hotels, and services such as telecommunications, Internet, automation, medical and financial stocks.  In addition, I am relatively less bullish on manufacturers, infrastructure and bulk trading commodities such as oil. Anthony Bolton was born in 1950 in the United Kingdom, Fidelity International Limited managing director and senior investment manager, the UK's most famous fund managers and investors, the management of the Fidelity Special Situation Fund from 1979 to 2007 annualized return of up to 20.3%, cumulative return of up to 147 times times.  In the UK and Europe, Mr Bolton's outstanding performance over the past 30 years has yet to be managed. Mr Bolton, known as the "European Peter Lynch" and "European investor" in the industry, is another investment guru that Fidelity can rival Peter Lynch. Anthony Bolton is known for its "contrarian investment" and is well versed in the essence of the world. Mr Bolton believes that an important prerequisite for the success of market contrarian investors is research.  An independent assessment of the strengths and weaknesses of companies, the discovery of new companies, and the extent to which current stock prices reflect the strengths and weaknesses of companies are three ways for Mr Bolton to judge whether to hold shares in the company. At the end of 2007, Mr Bolton was in charge of directing Fidelity's young fund managers and analysts, while monitoring Fidelity's investment management process. Mr Bolton, who has a 30-year investment experience, is planning to retire by the end of 2009, but his confidence in China's economic outlook has made him decide to postpone his retirement and announce a high-profile investment in the Chinese stock market. He moved to Hong Kong in April this year and is currently managing a 1 billion-dollar rich China Special case Fund.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.