G R E A T E R CC H I N A TT A L K
"You imagine - Taiwan - 23 million, times 50. For every one Stan Shih of Acer, they (China) have 50. And out of the 50, some will be sharper and shrewder, and their R&D will be more productive. If they keep to this line - educate, build infrastructure, learn from the world, benchmark against best practices in the world, change their systems - they are going to be a very powerful industrial and technological powerhouse."
S'PORE'S SM LEE KUAN YEW
On 17th Oct
@Grand Plaza Hotel, Ballroom 2
"The WTO's impact on the economy will be enormous. Take trade liberalisation. As China gradually reduces tariffs and eliminates non-tariff barriers, total trade, according to official estimates, will increase 87% from $320 billion in 1998 to over $600 billion by 2005."
PREMIER ZHU RONG JI
"Another issue that China has going for it is reforms. Companies like China Resource Enterprises (CRE) are going to be a major beneficiary of the Chinese reforms as a result from the joining of the WTO, etc. The joining of the WTO by China, when it happens, will be an incentive for the companies to rationalise and become more efficient..."
KES VISUVALINGAM, DIRECTOR, CMG FIRST STATE
Not only is it a good time to invest in unit trust now, it is the time to invest in the Greater China (which includes China, Taiwan and Hong Kong) region. Here's why:
- China has a potential 1.3 billion consumers, representing robust demand from the domestic market.
- The opening up of various markets that were previously closed like telecommunications and agriculture represents great opportunity.
- China?s joining of the World Trade Organisation means that many trade restrictions will be removed and there will be many more investment opportunities in China.
- China will be hosting the 2008 Olympics which means that China would put on a less confrontational stance in inter-country relations.
- China currently beats most other countries in terms of labour costs. This, combined with its huge potential market has made it a favoured place for investments as firms seek a lower-cost base. It already draws close to half of all foreign direct investments in the world.
- Taiwan is a major beneficiary of this outsourcing trend.
- Hong Kong is also a beneficiary of China's positive outlook.
Not convinced? Then come down to Grand Plaza Hotel on 17 Oct! Listen to Kes Visuvalingam, Director of Asian Equities, CMG First State Investments, talk about the outlook for Greater China. He has 11 years of fund management experience. Before joining CMG First State, he was Investment Director at Murray Johnstone Asia Limited in Singapore. He is a Chartered Financial Analyst and an Associate of the Institute of Investment & Research in Britain.
Also at the seminar will be Lim Chung Chun, Executive Chairman and Research Director of Fundsupermart. He'll tell you why now is a good time to invest in unit trusts. He was formerly the Head of Research at ING Baring Securities. In all, Chung Chun has been an investment professional for over 9 years. Admission to the talk is FREE, snacks will be provided, and all participants will get a CMG umbrella. To register, click here. For further enquiries, call Grace Chow at 4393 810 or email her at firstname.lastname@example.org.