Anthony Bolton: Chinese Reforms Will be Good for Investors

Fidelity's star fund manager says reforms could be the catalyst to reverse the last three years of lack-luster performance in the Chinese stock market

Fidelity International 25 November, 2013 | 11:21AM
Facebook Twitter LinkedIn

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Anthony Bolton, manager of the Fidelity China Special Situations fund, explains what impact recent reforms in China will have on the economy and the stock market.

After a year of waiting we finally have sight of the new leadership’s full reform agenda. Three days after the broad outlines were announced at the Third Plenum meeting in Beijing, a much more detailed document has been issued. In its breadth and boldness it represents probably the most significant reform package in China for about 30 years.

The Chinese stock market has been one of the worst-performing world markets over the last three years or so and valuations remain at a substantial discount to global and emerging market peers. At last, with the publication of the reform programme, we could have a catalyst with the potential to reverse this underperformance.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Fidelity International

Fidelity International  

is a global leader in asset management, providing investment products and services to individuals and institutions in the UK, continental Europe, the Middle East and Asia Pacific.