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Global asset managers bullish on China after policy shift
China's economic policy shift and the investment opportunities it is creating are drivers for long-term bets in the country by global asset managers, top executives said on Wednesday. "China is the world's second-largest capital market" after the U.S., BlackRock head of global client business Mark Wiedman said at the Global Financial Leaders Investment Summit in Hong Kong. "Long term, (China) has to be part of a global investment portfolio." Wiedman was among more than a dozen top executives of international firms speaking at the flagship event which began on Tuesday, and comes against a backdrop of economic slowdown ... (full story)