Honing in on China: more about companies, less about the economy

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• China’s economic revolution continues to be one of the defining stories of the 21st century. • Opportunities in the Chinese equity market have however been more selective.
• Increasingly we believe that—even as the economy moderates, and rebalances—the possibilities for equity investors in China are becoming more attractive.
• An important part of this story is the increased accessibility of A-shares, which include a range of companies which typically have not been available in the offshore Chinese equity markets.
• The A-share market is broad and liquid, and offers diversification benefits. With the right analytical resources it is possible to meet objectives with a range of risk preferences, from growth to income. China already has the world’s second largest stock market. International investors increasingly need to learn more about it.