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Brochin said that China was relatively safe because foreigners own very little inside the country and therefore cannot easily flee and depress asset prices. And while Chinese banks have "some bad loans on their books," he said the government has "the financial means to make things right."
"The trigger for financial catastrophe in China doesn't really exist," Brochin said.
Adam Choppin, a manager research analyst for international strategies at investment advisory firm FIS Group, was another China bull at the event.
"China and in particular A-shares are great opportunities right now," he said. A-shares are the stocks of mainland Chinese companies that are just beginning to open up to foreign investors.
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"One of the more rational arguments for investing in China is really that it's a great source of diversification," Sam Hou, founder of hedge fund firm True Arrow Capital Management, added at the same event. "China, because it has been closed off for so long, marches to its own beat."
Hou, a veteran of the former SAC Capital Advisors, was excited by the coming liberalization of the Chinese stock market from the "through train" initiative. That refers to the Shanghai-Hong Kong Stock Connect, a new program set to launch in October to allow investors to play both the Shanghai and Hong Kong stock markets.
Foreign investors previously only had access to stocks in Hong Kong or had to use "Qualified Foreign Institutional Investor" programs, which were limited and only allowed very large allocators. Chinese investors will now also be allowed to trade Hong Kong-listed stocks.