Summit Notebook

China’s evolving role from producer to consumer

August 31, 2009

Hardly a day goes by now without some Chinese firm striking a deal to buy assets overseas, but the country’s best prospects for growth may be right in its own backyard. Vivi Lin in Beijing reports on how the world’s workshop is fast becoming one of the world’s top consumers.

Welcome to the 2009 Reuters China Investment Summit

August 30, 2009

 

China Investment Summit, August 31-September 2, 2009

 

China holds the undisputed position as workshop to the world, but it’s also fast becoming one of the world’s top consumers in its own right. As the global financial crisis approaches its second anniversary, China’s role in pulling the world out of recession is gaining growing attention as cash-rich Chinese consumers spend billions of dollars under their government’s $585 billion economic stimulus plan.

No LUV for China real estate, SOHO says

November 6, 2008

China’s real estate sector has a chilly winter ahead, said Pan Shiyi, chairman of Beijing property developer SOHO China Ltd. And he had interesting, alphabetical way of describing it.

StanChart keen to tap surging personal wealth in China

September 6, 2007

stanchart.jpgPersonal wealth is soaring in China, and Standard Chartered is hoping to bring out credit cards and boost its private banking operations to tap that growth, Christine Ip, head of consumer banking, said at the Reuters China Century Summit.

Audio – Supporting China’s rich and needy

September 6, 2007

The late Chinese leader Deng Xiaoping once proclaimed that “To get rich is glorious”. So many Chinese have taken his words to heart that there‘s now a growing need for expert help in managing the cash mountain. More and more people are sitting on assets worth more than $1 million but need advice on how to venture beyond the savings account at their local bank. Johnson Chng, a partner at Bain & Company, has sliced and diced the Chinese wealth management sector and has some advice for foreign banks on how to approach China’s thriving super-rich. Click here to listen to him.

Fortis China fund expects first QDII fund to hit $500 mln

September 5, 2007

fortis.jpgSo far, a handful of Chinese fund management companies have received preliminary clearance to sell products holding overseas stocks to mainland Chinese investors.

Pudong Bank boosting retail banking as Chinese personal wealth rises

September 5, 2007

pufa.jpgPersonal wealth is growing on the back of China’s breakneck economic growth, and Shanghai Pudong Development Bank is gearing up by doubling its outlets to meet rising demand for wealth management services, the bank’s president told the China Century Summit.

JPMorgan’s China asset management venture eyes $1 bln – $2 bln for first overseas fund

September 5, 2007

cifm.jpgJPMorgan’s China asset management venture is considering raising $1 billion-$2 billion for its first overseas investment fund — a product key for the firm to diversify its business risks, the venture’s Chief Executive Mandy Wang said at the China Century Summit.

Audio – China stock markets party on

September 5, 2007

liu-yang.jpg 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.

Ernst & Young to add China staff, office

September 4, 2007

j-turley1.jpg Chinese clients are eager to expand outside the world’s fastest-growing major economy and Ernst & Young is planning a near four-fold jump in its China staff over the next decade to meet that demand, said Chief Executive James Turley.