Comments on PRC Economy, China Outbound Investing, SOE Reform and Stock Market Volatility to World's Largest TV Broadcaster

July 2, 2015-New York, Los Angeles and Beijing - Burnham Securities Inc. Head of China and Managing Director Dan McClory was interviewed live today on China Central Television's Global Business America show, and provided commentary on important developments in the PRC economy, outbound investing, reform of State-Owned Enterprises, and recent stock market volatility in Shanghai and Shenzhen.

Although manufacturing growth declined month-over-month, McClory pointed out that "China is transitioning into higher-value sectors, and there will be some bumps along the road. We see particular opportunity for China and investors in Financial Services, Precision Manufacturing, Consumer, and Energy including Alternative Energy," he said to Michelle Makori, CCTV's New York Business Anchor. CCTV is the largest TV network in China, and reaches an audience of more than one billion people.

"Remember that China will become the biggest cross-border investor by the end of the decade," McClory stated. "Global offshore assets are predicted to hit $20 trillion by 2020," he said to the global audience on CCTV's English News Channel, with more than 100 million viewers in 120 countries.

"We see China outbound investing, where Chinese companies buy assets outside of China, including intellectual property, distribution channels, brands and established capacity and market share as major opportunities," McClory responded to Makori, an award-winning journalist who worked previously as an anchor and reporter for Bloomberg TV. 

 
"Funds that are investing in the reform of State-Owned Enterprises are also gaining support from global investors," he stated. "Everyone wants to get a piece of the privatizations, spin-offs, IPOs and acquisitions of the $6 trillion in control investments managed by SASAC. Think of names like SINOPEC and its spinoff of the gas station business, the Postal Savings Bank, and China Reinsurance. Those are significant, one-time-only transactions," he concluded.

On recent market volatility on the Shanghai and Shenzhen Stock Exchanges, McClory pointed out "The Shanghai index is down 22% from its June 12 high, but it's still doubled over the past year. Shenzhen's ChiNext is down 25%, but is still the best-performing exchange in the world this year, up 65%," he said.

To view the entire interview go to: 

http://www.cctv-america.com/?p=65000 or https://youtu.be/fZsSZSgzhpo

About Burnham

Burnham Financial Group Inc., through its operating subsidiary Burnham Securities Inc., provides investment banking, securities sales and trading services to individuals, companies and institutional investors. Its affiliate, Burnham Asset Management Corporation, is an investment advisory firm that offers institutional asset management, wealth management, and alternative investment strategies including a subscription research product and private "fund of funds" that is comprised of emerging hedge fund managers.  Burnham Asset Management Corp. is the investment advisor to Burnham Investors Trust, a mutual fund family.  Both firms were founded by the Burnham family. Our late founder, I.W. 'Tubby' Burnham, II previously formed Burnham & Co. in 1935 which, through acquisitions, ultimately became Drexel Burnham Lambert. The firm's headquarters are in New York, with offices in Los Angeles and Houston. For more information on Burnham, go to www.burnhamfinancial.com.

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