https://mundo.sputniknews.com/20210908/el-tiro-por-la-culata-la-prediccion-de-soros-atrae-mas-inversionistas-a-china-en-vez-de-alejarlos-1115857237.html

Backfire: Soros’ prediction attracts more investors to China instead of driving them away

Backfire: Soros’ prediction attracts more investors to China instead of driving them away

After Soros described the investments in China as a “tragic mistake”, BlackRock Inc has raised a millionaire amount from its first mutual fund with the … 08.09.2021, Sputnik Mundo

2021-09-08T18: 44 + 0000

2021-09-08T18: 44 + 0000

2021-09-08T18: 45 + 0000

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The world’s largest asset manager, BlackRock Inc announced the collection of 6.7 billion yuan, about $ 1 billion, from the Maiden fund. These are the first public funds reached days ahead of schedule just after billionaire investor George Soros called the US asset manager’s investment in China a “tragic mistake.” BlackRock’s Maiden fund attracted more than 111,000 investors and closed the fundraiser days before the planned date, on September 10. However, a source familiar with the matter revealed to Bloomberg that the US asset manager did not reach the planned limit of 8 billion yuan, to start investing earlier. For analyst He Ping, in China, the market plays a decisive role in resource allocation, while the government has rather a supportive role and at the same time seeks to stop pyramid scams. Any investor tries to find a balance between ambitions and risks, but according to Ping, China offers investors a good alternative when taking action when, as a regulator, it recognizes in time the situation in which capital expansion poses a threat to the stability of its financial system. The analyst added that although Beijing does not have a quantitative easing policy, the returns in the market are higher and on the other hand its credibility is not less than in the western markets. Furthermore, China’s economic fundamentals are precisely what make it attractive to investors. “China has a huge market and strong domestic demand, this reduces its need for foreign markets. The country is in a period of transformation and development. from one mode of growth driven by factors of production to one driven by innovation. The promising economic outlook is also a reflection of the efficient allocation of capital resources. Capital inherently seeks profit and goes where there is greater economic return and less risk In my opinion, China is the market that is closest to this norm in the world, “he argued. The analyst believes that the panic that some US market participants are creating over Chinese companies benefits the forces that want to limit the flow. of capital to the companies of the Asian giant. Although in the case of BlackRock, this tactic instead of hurting, only helped attract more investors to China.

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After Soros called the investments in China a “tragic mistake”, BlackRock Inc has raised a millionaire amount from its first mutual fund with the Asian giant. An analyst explained to Sputnik what attracts investors to China and how its economic system provides investment security.

The largest largest asset manager in the world, BlackRock Inc announced the collection of 6.7 billion yuan, about $ 1 billion, from the Maiden Fund. These are the first public funds reached days ahead of schedule just after the billionaire investor George Soros will rate the US asset manager’s investment in China as a “tragic mistake”.
The Maiden Fund of BlackRock attracted over 111,000 investors and closed the fundraiser days before the planned date, on September 10. However, a source familiar with the matter revealed to Bloomberg that the US asset manager did not reach the planned limit of 8 billion yuan, to start investing earlier.

“We are very proud to achieve this milestone for our fund management business in China and are grateful for the overwhelming support from investors,” said BlackRock President Rachel Lord.

For analyst He Ping, in China, the market plays a decisive role in allocating resources, while the government plays a more supportive role and at the same time seeks to stop pyramid schemes.

“China has intensified its fight against the disorderly expansion of capital, precisely to push the market towards a healthier and more orderly mechanism. After all, this type of speculation is usually nothing more than a pyramid scheme; it does not create value directly, rather, it generates super-profits for speculators. It is clear that this does not help the real economy and is not the objective that a true market economy should pursue. “

Any investor tries to find a balance between ambitions and risks, but according to Ping, China offers investors a good alternative to take action when as a regulator it recognizes in time the situation where capital expansion poses a threat for the stability of your financial system.

The analyst added that while Beijing does not have a quantitative easing policy, the returns on the market are higher and on the other hand its credibility is not less than in western markets. Furthermore, China’s economic fundamentals are precisely what make it attractive to investors.

“China has a huge market and strong domestic demand, this reduces its need for foreign markets. The country is in a period of transformation and development, moving from a growth mode driven by factors of production to one driven by innovation. The promising ones The economic outlook is also a reflection of the efficient allocation of capital resources. Capital inherently seeks profit and goes where there is higher economic return and lower risk. In my opinion, China is the market that comes closest to this norm in the world. world, “he argued.

George Soros - Sputnik World, 1920, 11.08.2020

Who is George Soros and what do we know about his multi-million dollar fortune?

The analyst believes that the panic that some US market participants are creating over Chinese companies benefits forces that want to limit the flow of capital to companies from the Asian giant. Although in the case of BlackRock, this tactic instead of hurting, only helped attract more investors to China.

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