He likes the Shandong Chenming group, whose third-quarter profit nearly doubled over the last year.
Simon likes China Telecom, the country's biggest fixed-line phone operator and a potential major player in mobile phones, with China positioned to become one of the world's most lucrative cell-phone markets.
Simon is also partial to Bengang Steel, particular because of its "captive iron ore" assets.
"We're worried about iron ore prices rising a lot next year," Simon says. He sees Bengang as "quite an attractive way to play the growth in railway infrastructure spending."
AviChina, a vehicle manufacturer, draws Simon's interest because of its short-range aircraft products. "Boeing and Airbus are going to come under competition, and...it's a way to play a sector that's going to grow in the long term, we believe."
Another Simon selection is Shanghai Friendship Stores. "It's what's interesting about China," he explains.
"Consumer spending, longer-term growth, and as you put together a portfolio over a medium to long term, what one wants to do is get exposure to different areas of the economy that can grow over the long term."