A and H share markets in China have undergone huge corrections recently. Despite the temporary decline, JPMorgan Chase is still optimistic about the market.
Temporary corrections are a kind of education for Chinese investors, said Li Jing, General Manager and Chairman of the Chinese Securities Department of JP Morgan Chase.
As the confidence about China's long-term economic growth remains strong, more rational asset values will attract a growing number of foreign investors, including QFII (Qualified Foreign Institutional Investors), according to Li.
She hoped that individual investors would learn a lesson from the several large market corrections in February and May, as well as the current one, and told them to choose fund managers directed at wealth management in order to reduce risks.
For more details, please read the full story in Chinese (http://www.caijing.com.cn/home/todayspec/2007-11-13/37635.shtml).
(China.org.cn November 13, 2007)