What do fund mangers make of the recent landmark investment deal between the EU and China? They largely welcome it, our report in Funds Europe magazine finds, saying the deal trumped even what China offers the US.
Called the EU-China Comprehensive Agreement on Investment (CAI), it was described as the most ambitious agreement China has ever concluded with a third country. It will “provide unprecedented access to the Chinese market for European investors”, one commentator says.
The deal guarantees greater access to China for EU investors, allowing European companies to buy or establish new companies in key sectors. It will also help level the playing field for EU companies with Chinese state-owned enterprises and commits China to rules on transparency in subsidies.
Yet asset managers believe China’s human rights record has not been addressed strongly enough, and this could prevent the ratification of the deal in the European Parliament.
Read our full report here:
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