Is Now the Time to Buy China?

After three years of poor stock market performance, recent reforms announced in China could signal a buying opportunity

Hermes 29 November, 2013 | 7:59AM
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This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Gary Greenberg, lead portfolio manager of the Hermes Global Emerging Markets Fund, comments on how the Third Plenum of the Communist Party of China, which met last week, has set the wheels in motion for huge market reforms in the country.

“Crossing the river by feeling stones” is how China’s Communist Party leaders described the country’s reform at their recent Third Plenum. But as President Xi Jinping marks his consolidation of control, the potential changes of policy China is contemplating are anything but cautious; they are seismic.

So far, the Third Plenum’s decisions have been outlined with only the broadest of brushes. More details will emerge over the coming weeks.

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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.

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About Author

Hermes  Hermes is a multi-asset fund manager offering global institutional and pension fund clients access to a broad range of specialist, high conviction investment teams.

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