A and H share markets in China have undergone huge corrections
recently. Despite the temporary decline, JPMorgan Chase is still
optimistic about the market.
Temporary corrections are a kind of education for Chinese
investors, said Li Jing, General Manager and Chairman of the
Chinese Securities Department of JP Morgan Chase.
As the confidence about China's long-term economic growth
remains strong, more rational asset values will attract a growing
number of foreign investors, including QFII (Qualified Foreign
Institutional Investors), according to Li.
She hoped that individual investors would learn a lesson from
the several large market corrections in February and May, as well
as the current one, and told them to choose fund managers directed
at wealth management in order to reduce risks.
For more details, please read the full story in Chinese (
http://www.caijing.com.cn/home/todayspec/2007-11-13/37635.shtml).
(China.org.cn November 13, 2007)
