Fund manager heavyweights Hugh Hendry and Anthony Bolton have clashed on the outlook for China.
Fidelity is looking to raise £162.1m in a new share issuance on its China Special Situations trust, run by Anthony Bolton.
China has offered support to the eurozone to help it through the debt crisis that has gripped the region.
The Shanghai Composite surged 2.9%, its biggest advance since mid-October, as China held interest rates steady despite rising inflation.
Franklin Templeton plans to move Mark Mobius' £847m China fund into the newly-created IMA China/Greater China sector next year.
Lombard Odier's Stéphane Monier says EM's have to manage the rate at which they raise the value of their currencies, or else risk destabilising their economies.
Lazard's Kevin O'Hare explains why investing in developing economies is the next best play.