China’s top market regulators, companies woo global fund managers on London, Paris roadshows after property rescue plan
- CSRC vice-chairman Fang Xinghai is leading a delegation to brief investors about policymaking, investment potential and cooperation opportunities
- Officials from the central bank, insurance administration, foreign-exchange gatekeepers and bourse operators are also joining the mission
China’s top securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, days after Beijing delivered its biggest rescue plan to overcome a three-year housing market crisis amid a rebound in stock prices.
Investors such as Rothschild & Co were briefed about policymaking, investment potential and cooperation opportunities, they added.
Officials from China’s central bank, banking and insurance regulatory administration, foreign-exchange regulator and the Shanghai and Shenzhen bourse operators, also joined the meetings. Some 15 companies also made presentations.
Known for his reformist credentials, Fang delivered speeches to convince investors of fairness and transparency on the onshore markets, the officials said on condition of anonymity. China is wooing global funds, after being deemed “uninvestable” by some analysts over its harsh treatment of tech companies.
“The officials must have been very eager to banish the perception that China’s stock market is uninvestable,” said Ding Haifeng, a consultant at Shanghai-based financial advisory firm Integrity.