Two years ago, Chinese stock markets sent tremors around the globe. Share prices tumbled as traders fretted about the growth prospects of world’s second-largest economy.

The rout soon spread across US and European markets, causing such mayhem that Apple’s stock momentarily plunged 13 per cent. About half of the stocks listed on the Chinese market were temporarily suspended from trading.

Today, China’s fortunes have improved dramatically in the eyes of international investors. Chinese equity funds have been the best-performing asset class for UK investors in the year-to-date, and plenty of emerging market and global equity managers are excited about the market’s long-term growth prospects.