Bridgewater set to expand in onshore investment market

Global hedge fund management firm Bridgewater Associates LP is expanding its Chinese business, as it sees a positive outlook for the nation's economy and the huge potential of its capital market, according to a senior company executive.

"We are committed to long-term development in China, as the Chinese economy is strong and its economic growth for the past 10 years has been very impressive," said Wang Yan, president of Bridgewater China.

Wang said that while the nation's economy is the second-largest in the world, its capital market represents only a small proportion of the global market, so it has great potential.