François Perrin, head of greater China equities at BNP Paribas Investment Partners in Hong Kong, is using such a license to buy up companies in China that he expects to benefit from international investors flooding in. "It's going to be a game changer in term of international investors getting access to mainland China," Mr Perrin said. "Having investors willing to put money back to work in China, you need a strong catalyst, and this is potentially the catalyst that China has been waiting for.
The asset manager wanted to get access to A-shares so that it could invest in some of the more than 2,500 companies listed in mainland China. "It's a big market, and there's lots of potential targets that you can buy," Robert Horrocks, chief investment officer of Matthews Asia, said. "If you have confidence that the Chinese economy is growing… then it's a good place for a long-term investor.
Read more here: Business Spectator