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Jim Rogers: China Stocks Not on the Verge of 2008-Style Collapse
2015-06-18 10:33:19
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On May 31, legendary American investor Jim Rogers spoke at the 2015 Peking University HSBC Finance Forum and EDP Annual Conference. Titled “Vision of China—the financial investment industry in the eyes of Rogers,” his speech focused on Rogers’s expectations and judgment about the future. He said that the 21st century is the century of China and the United States. Rogers focused on China from 1993 to 2015 and made a number of significant investments in Chinese market. He said that he hoped the capital markets of China and the United States can integrate more deeply in the future. 



When it came to how he chose industries when investing in the Chinese stock market, Rogers said he mainly concentrated in railway, medicine, real estate, tourism, and agriculture. He remarked that if the serious pollution problem in Beijing could be solved, it would have the opportunity to become a financial center in the world just like New York and London. 

Rogers said that the Chinese stock market has achieved good development in the past 15 years, and he doesn’t think the stock market this year will crash as it did in 2008. Although there have been a lot of “bubbles” in the Chinese stock market, Rogers said these should not be of special concern because economic bubbles exist in every country. In other words, he said, if the Chinese stock market surged crazily, the Chinese government would definitely take some measures to change the situation. 



Later, Rogers took part in an in-depth dialogue with invited guests, including Hai Wen, vice-chairman of the Peking University Council and dean of the Peking University HSBC Business School; Lu Guohao, chairman of the EDP Peking University HSBC Business School homecoming ; and Chang Anyang and Zhang Yonggang, the standing vice-president of the EDP PHBS homecoming committee. The group discussed international economic trends and investment hot issues.  

Held by PHBS and the Financial Research Institute of PHBS, and hosted by the EDP PHBS homecoming committee, the annual conference welcomed nearly 2500 entrepreneur alumni from around China. Several renowned economists and investors also gave presentations, including Li Jiange, vice chairman of the board of directors of Central Huijin Investment co., LTD.; Cao Yuanzheng, the chief economist of Bank of China; and Zhou Qiren, professor of the Peking University National School of Development .
 
By Deng Lu