Oppenheimer's Paul Keung says there's a big growth opportunity in China. It's insurance, and investors can get in on it through some stocks traded in America.
"China has the highest household savings rates in the world, $3 trillion in assets," he told CNBC in Hong Kong. "A lot of consumers, they lack a social safety net; at the same time, the Chinese government wants consumers to spend more money, and not save so much, and they're putting a lot of things in place to get them to buy more insurance."
That points directly toward growth for companies and their U.S.-traded stocks.
Keung likes China Life and China Insurance.
"You're looking at a market that's probably going to have 15 million new insurance buyers over the next five years," he said.