China in its hands

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“When I started working, I worked in an economy that had a fixed exchange rate, with very strict exchange controls. It was very hard to get money in and out of the country and there were strict controls over offshore investment – pension funds were not permitted to do it beyond a very low limit – and you had to invest a proportion of your pension fund into government bonds,” recalls Hong Kong-based Christopher Ryan, regional director for North Asia at ING Investment Management. Ryan isn’t a

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