Howard Marks, co-founder of $200bn alternatives manager Oaktree Capital Management, has called on China to open up more “asset classes” to foreign investors as he set out an upbeat view of the world’s second-largest economy.
“I’m very optimistic about the Chinese economy in the long run,” Marks said on a panel at Shanghai’s flagship annual financial conference, citing the country’s infrastructure and the size of its middle class.
He proposed that China “expand the range of investment asset classes that are open to foreign investors”.
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