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"For progressives to invest their energy in a proposal that the Supreme Court has a better than 50 percent chance of declaring unconstitutional, that has very little chance of passing through the Congress, whose revenue potential is extraordinarily in doubt, for that to be the defining element of the progressive agenda in the United States, it seems to me potentially to sacrifice an immense opportunity," he said.

"Globalization will be a main future direction for TAL, as we are determined to become a global education technology company," Bai added.

"Got a few screws loose, I guess," he is heard saying in the recording. "Never really knew it until now."

"HFM is also among the first Chinese fund managers to embrace environmental, social and governance investing as many of our northern European clients are highly conscious of a responsible investing strategy."

"Foreign interest in the mainland A-share market is an increasingly emerging theme that may offer some support to A shares and will help increase institutional ownership," Lynda Zhou, a portfolio manager at Fidelity International, said in a research note.