Hong Kong a key to China understanding
Hong Kong and its importance to China in terms of broader economic strategy represents a pivotal element in resolving some of the uncertainty in the minds of Australian investors, according to Premium China Funds Associate Director, Jonathan Wu.
Wu, who will be part of a panel discussing the China Conundrum at a Money Management breakfast in Sydney next week, said what he had noted through January and February so far was that institutional investors were abandoning the mainland market due to their ability to access liquidity in the Hong Kong equities market.
He said it was important not to underestimate the importance of Hong Kong and the desire of the central Government to keep the Hong Kong market both liquid and secure.
Wu will be joining a panel made up of Stephen van Eyk and Magellan's Sam Churchill.
Van Eyk has already posed the question of whether the central banks have run out of the ammunition necessary to deal with the current crisis.
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