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The Second Season of the Chinese Miracle: Interview: Dr Fan Gang, European Pensions & Investments Summit 2014
The Second Season of the Chinese Miracle: Interview: Dr Fan Gang, European Pensions & Investments Summit 2014
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The Second Season of the Chinese Miracle: Interview: Dr Fan Gang, European Pensions & Investments Summit 2014

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For more information contact: emailus@marcusevans.com …

For more information contact: emailus@marcusevans.com

Dr Fan Gang, the Director at China's National Economic Research Institute & Secretary General, China Reform and a speaker at the marcus evans European Pensions & Investments Summit 2014, discusses the upcoming investment opportunities in China.

Join the 2015 Summit along with leading regional pension investors and global asset managers in an intimate environment for a focused discussion of key new drivers shaping institutional investment strategies today.

For more information contact: emailus@marcusevans.com

Published in: Economy & Finance
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  • 1. The Second Season of the Chinese Miracle: The New Investment Opportunities Coming Our Way about a slowdown in China. Most emerging markets only started the exit in 2012. In the next five years, China will grow by seven to eight percent. Are there other economies with that kind of growth? This environment offers good returns on long-term investments. If c o m p ar e d w ith o the r e m e r g ing countries, the risks in China are under management. Interview with: Dr Fan Gang, Director, China’s National Economic Research Institute (NERI) & Secretary General, China Reform Foundation “New rounds of reforms in China will bring about a second “season” of the “Chinese miracle” as the Prime Minister said. Many pension funds in Europe did not fully enjoy the investment opportunities the first time around, so they could catch up now,” according to Dr Fan Gang, Director, China’s National Economic Research Institute (NERI) & Secretary General, China Reform Foundation. A speaker at the marcus evans European Pensions & Investments Summit 2014 , in Montreux, Switzerland, 28 - 30 April, Dr Gang talks about China’s new model for economic growth and what Chief Investment Officers (CIOs) in Europe can look forward to. What is your outlook on the Chinese economy? What do pension fund CIOs in Europe need to know? The Chinese economy is stabilised now. Like many other countries, China adopted fiscal stimulus and monetary easing policies after the financial crisis, but by mid-2010 it had already started tightening some policies, such as the housing market and government investment in infrastructure. Investors must keep this in mind when they read Many critics say China’s growth is g o v e rn m en t - l e d ra t h e r than consumption-driven. What do you think? Which sectors and asset classes should long-term investors look at? My question is how much do they invest in China directly? Many invest in Chinese related sectors or offshore assets, but not very much inside China. Private equity companies will soon be allowed to set up subsidiaries, which will allow even more investors to bring money in leading to even more investment opportunities. My advice is to try to catch up, because the second season of China’s miracle will bring big opportunities. The private sector, which includes multinationals, accounts to 70 percent of GDP, so it is already very private. From a structural point of view it is true that consumption is low but there is an effort to change that. Investors must first understand the different nature of investing in China. A lo t o f the inv es tme nts are in infrastructure and housing, which are both long -term, durable goods. Investments in the US and Europe can generate returns tomorrow, but investments in railways and highways in China will generate returns over the next 100 years. Although the government is unlikely to adopt a stimulus policy like that of 2009, it will maintain this level of investment as the country is in the process of urbanisation. Has political reform come too late or will it help set China on the right track? China is on the track of market-oriented reform, with more emphasis on the private sector and opening up for more compliance on international rules, but change will not happen overnight. These are gradual changes but the country is on the right track. The economy will be much more efficient in the long-run. This environment offers good returns on long-term investments
  • 2. About the European Pensions & Investments Summit 2014 The Investment Network – marcus evans Summits group This unique forum will take place at the Fairmont Le Montreux Palace, Montreux, delivers peer-to-peer information Switzerland, 28 - 30 April 2014. Offering much more than any conference, on strategic matters, professional exhibition or trade show, this exclusive meeting will bring together esteemed trends industry thought leaders and solution providers to a highly focused and interactive and breakthrough innovations. networking event. The Summit includes presentations on increasing fund resilience, establishing a robust risk framework, capturing investment opportunities and assessing the true value of emerging market investments. www.epi-summit.com Please note that the Summit is a closed number business of event participants and the strictly limited. Contact Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: Email: + 357 22 849 313 press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, case studies, roundtables and one-to-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events APAC Investments Summit - www.apacinvestmentssummit.com Elite Summit - www.elitesummit.com Emerging Markets Investments Summit - www.emisummit.com Private Wealth Management Summit (North America) - www.privatewealthsummit.com To view the web version of this interview, please click here: www.epi-summit.com/FanGang

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