Newspaper article The Journal (Newcastle, England)

Investors Will Jump on China Bandwagon

Newspaper article The Journal (Newcastle, England)

Investors Will Jump on China Bandwagon

Article excerpt

A venture-capital trust is looking to raise pounds 25m to back British companies pushing into Chinese markets.

The MTM China VCT expects to invest in 15 to 20 companies taking advantage of the country's economy, which offers annual growth of 8pc and a market of 1.3bn.

Chairman of London-based MTM China VCT, Robin Fox said: "The Chinese economy is the fastest-growing major economy in the world and is forecast to overtake the US in terms of GDP in less than four decades."

Mr Fox is the former group vice-chairman of Dresdner Kleinwort Benson. Fellow executive directors include Geoffrey Isaac and Rikky Hasan, who formed MTM in 1989 and have operated in China for 15 years. Mr Fox said: "China successfully combines effective centralised planning with free-market economics. China is also a generation-leaper in technology, with a growing infrastructure, highly-competitive cost structures and an increasingly skilled workforce."

Venture capital trusts such as the MTM China fund were introduced by the Chancellor in 1995 with a view to encouraging individuals to invest indirectly in unquoted companies. …

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