The Chinese party, with a small p, is just getting going. That is the stock market view from Yang Liu, the high-profile fund manager and chairwoman of Atlantis Investment Management, which manages $4 billion of Chinese assets. Buoyed by steep earnings growth and an appreciating yuan currency, the China Enterprises index of H shares, or Hong Kong-listed shares in mainland companies, should “challenge the 20,000″ point level next year — that’s a 37 percent jump. And the Shanghai Composite Index, which has doubled in value this year, will rise at least another 10 percent over the next four months, she believes. For her view on the market, including the sectors to buy, click here.

While a mortgage default crisis in the United States provoked a credit crunch and threatens to hurt global economic growth, Chinese stocks have surged. So Howard Wang counts himself as relatively fortunate to be JF Asset Management’s top China fund manager. The MSCI China index has risen more than 40 percent this year, and Wang believes it will rise another 10 percent by the end of December. Wang, who is co-manager of the $744.6 million JF Greater China fund, is upbeat on companies profiting from surging consumer spending, such as retailers, and anything linked with inflation — property firms and insurers. He’s not so keen on telecoms and oil stocks. The risks? Any global slowdown — Wang believes a U.S. interest rate cut by a Federal Reserve chairman tasked with controlling inflation would send a signal that bad times really do lie ahead. Taiwan’s export driven economy would be particularly vulnerable. In mainland China, a domestic danger lurks in the guise of inflation, thanks to climbing food prices. 

To listen to Howard Wang, click here.

RREEF, Deutsche Bank’s property investment arm and one of the world’s biggest property fund managers, plans to allocate around 30 percent of the private equity funds it raises in the future to Asia. Here, Kurt Roeloffs, RREEF’s chief executive for the Asia Pacific region, talks about two of his favourite Asian markets at the moment — Japan and India. He’s also moving from New York to Singapore in the very near future (possibly adding to the rising rents for luxury apartments in the island-state?)

Baring Private Equity Asia Group has spent about half of a $490 million fund it raised last year, mostly in China, and the firm’s founder and chief executive Jean Eric Salata is on the hunt for more deals including in Japan, Southeast Asia and India. Salata told a Reuters Hedge Funds and Private Equity Summit that he still saw the best value for money in China and thought many Indian companies were priced too high.

 Europe’s biggest listed private equity and venture capital firm, 3i Group Plc, expects the money it puts to work in Asia to nearly double to around $700 million-$800 million, mostly through growth capital deals. Chris Rowlands, managing partner for Asia at 3i, told a Reuters Hedge Funds and Private Equity Summit that the Asia proportion of his firm’s assets under management would grow to 20 percent over the next two or three years from around 5 percent last November. Here he speaks about the opportunities in Asia, especially in China.