Fidelity China Special Situations manager Anthony Bolton said the next 12 months should be a defining period for the country. In his view, investors will start to realise China is "not a house of cards that is going to collapse" and they will hopefully...
The International Monetary Fund (IMF) has sounded a warning over the state of China's financial system.
Speaking to investors today following the six-month results of his Fidelity China Special Situations trust, Anthony Bolton explained why the trust has struggled, with net asset value falling 29% over the six months to 30 September.
Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.
The Securities and Exchange Commission (SEC) has approved rules making it harder for overseas firms to list in the US via mergers with shell companies - a move advocated by Fidelity's Anthony Bolton earlier this year.
The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".
Mansfield Mok, co-manager of the £812m GAM Star China Equity fund, has begun reversing his stance from defensive to growth as share prices discount a bleak outlook.