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Home What happens if Chinese household wealth is unleashed on the world? What happens if Chinese household wealth is unleashed on the world? Tentative steps at liberalisation reflect fears over the strong renminbi and risks of a bubble in domestic markets World Economy News 5 Jul 2021 • 10 min read It would buy you a year of study at Harvard University, a couple of luxury boxes at the Yankee Stadium in New York or a lengthy stay at London’s Ritz Hotel. But Chinese citizens might soon be able to do something different with the $50,000 they are permitted to take out of the country annually: invest it. ....
Global investors hungry for A-shares despite tensions China s healthy economy and expanding equities market is drawing more eyes from across the world. Australian superannuation funds, in particular, are looking to invest more. Appetite is rising for Chinese stocks For the past two decades Chinese investors have been eager to sample the broadening array of morsels available in the country’s rapidly growing equity market. Now, more foreign asset owners are looking to join the feast, with some of Australia s superannuation funds leading the way, despite deteriorating relations between Beijing and Canberra. In October, Border to Coast Pensions Partnership of the UK and Australia s State Super separately announced mandates to increase their Chinese equity exposure. The British fund said it would allocate up to £500 million from its £46 billion ($55.8 billion) asset pot to two managers to run its China equity fund from early 2021, appointing Hong Kong-based Fountai ....