CHINA Beijing is likely to favour foreign investment managers focused on local companies and investors when allocating licences and quotas for the launch of mutual funds in China, according to research.
The latest annual report on China’s six-year-old Qualified Foreign Institutional Investor scheme, to be published this week by Shanghai-based research group Z-Ben Advisors, predicts that the programme’s “fluid experiment” will continue to expand over the next few years until the quotas allocated, which are currently about $11bn, reach $30bn by 2014.
