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GAM - Chinese equities: Review and Outlook

Chief Investment Director and manager of GAM Star China Equity shares his views on the recent Chinese stock market turmoil.

Reforms happening at a faster pace than expected

While the slide in China’s mainland stock market* is dominating headlines, investors should remember that the long-term story for China is one of reform. Actions by the state, despite short-term policy errors such as the one that caused July’s market sell-off, reflect China’s desire to implement financial and structural reforms to boost long-term growth, and these are occurring at a much faster pace than anyone could have anticipated.


* Companies that trade on mainland Chinese stock exchanges such as the Shanghai and Shenzhen stock exchanges issue shares known as ‘A Shares’. A-shares are generally only available for purchase by mainland citizens; foreign investment is allowed through the Qualified Foreign Institutional Investor (QFII) system.

Michael Lai, Investment Director and manager of GAM Star China Equity for GAM, July 2015

Please note that these are the views of Michael Lai for GAM and should not be interpreted as the views of RL360°.

Author

Michael Lai

Investment Director and manager of GAM Star China Equity
July 2015

Please note that these are the views of Michael Lai, Investment Director and manager of GAM Star China Equity, GAM and should not be interpreted as the views of RL360°.

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