Changing China enticing private wealth?

After a turbulent 2010, China promises to be "an attractive investment destination next year", according to one expert.

Writing for Channel News Asia, Glenda Chong revealed the eastern giant is to create an international board for foreign listings in 2010 in an attempt to make Shanghai one of the main players in the world of global finance within ten years.

The Shanghai Composite was down 12 per cent this year, but more opportunities for growth will be created by the new index, which will include international companies such as those from the UK for the first time.

People Daily recently highlighted figures published by market research firm KL Communications that showed two-thirds of UK business leaders see opportunities in China.

Zhao Xinge, professor of finance and accounting with the China Europe International Business School, said it is likely to be introduced [I would put index instead of 'it' .. some readers will have forgotten what you are talking about] in the first half of next year and could be an enticing prospect for private wealth holders.

"Certainly this will be more convenient for the domestic investors in China and this will to [a] great extent reduce the potential currency risks," he commented.ADNFCR-2318-ID-800314859-ADNFCR