Veteran investor Jim Rogers said moves by Chinese policymakers to stimulate the country's slowing economy are "a mistake".
Chinese equities have slumped to a three and a half year low, amid concerns additional monetary easing stimulus will be shelved as property prices in the region soared to a fourteen month high.
Fidelity Worldwide Investment has named Raymond Ma (pictured) as lead manager on the group's offshore $391m Greater China fund.
Chinese Premier Wen Jiabao has said the world's second largest economy can meet its growth target this year in an effort to allay concerns over recent economic data.
Global mining giant Rio Tinto has suffered a 22% drop in profits for the first half of 2012 as weak commodity prices hit growth.