Prudential Sees Deeper Reforms After QFII Boost: China Overnight – Bloomberg 07-14-13

Salient to Investors:

Quincy Krosby at Prudential Financial said China increasing the investment limit for qualified foreign institutions sends a strong signal that the government is committed to reforms. Krosby says little by little, China is opening up the market, paving the way for deeper reforms.

Timothy Ghriskey at Solaris said the quota increase would definitely be a positive for the Chinese market.

David Poh at Societe Generale said the market impact of the quota increase will be limited this time as the economic slowdown exposes financial risks in the system

Barclays and Goldman Sachs forecasting 7.4 percent growth for China in 2013, the slowest since 1990.

Read the full article at http://www.bloomberg.com/news/2013-07-14/prudential-sees-deeper-reforms-after-qfii-boost-china-overnight.html

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