Reforms to boost asset markets, experts say
The reforms outlined in November's Third Plenum are expected to benefit the regional asset market and provide opportunities to overseas investors, experts said at an investment conference organized by Credit Suisse in Hong Kong on Wednesday.
"The reforms are the deepest and most comprehensive ones in the past three decades. The plan will lead to structural transformations and benefit the country's economy in the long term," said Fan Cheuk-wan, Credit Suisse's Asia Pacific chief investment officer.
The reforms of the fiscal system and urbanization drive and the relaxation of the one-child policy will pick up pace in 2014, Fan said, adding that related sectors will warm up in stock markets next year.
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