Veteran UK fund manager Anthony Bolton believes that China’s “momentous” package of economic reforms, revealed last week, will be the catalyst that draws foreign investors back to one of the world’s worst performing equity markets.
China’s top leaders last week released a blueprint for change covering various aspects of economic, social, and financial policy. Some economists have described it as the most important political development in China for more than 20 years.
Mr Bolton, a perennial China bull, steps down from running Fidelity’s China Special Situations fund in April next year. He sees these sweeping changes as the key to reversing years of entrenched antipathy towards Chinese equities among global investors.
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