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Banerjee said that one of the key insights that he gained from conducting many of these experiments is that the solution is "much less global than what we hoped for".
Back then Deutsche Bank said it was doubtful that Great Wall's new line would be successful, and it suggested "holding" onto China's most popular SUV maker in the Hong Kong stock market and "selling" in the Shanghai market.
Banking, insurance, securities are among sectors that will see more global participants
Baillie Gifford launched its first China Fund in 2008. It now invests in more than 100 companies based in the Chinese mainland, with assets under management, or AUM, valued at more than billion, or 17 percent of Baillie Gifford's total AUM. Well-known investment targets include Alibaba, Tencent, Meituan and NIO.
Bai said the discovery shows evidence of early economic and cultural exchange between China and the West.
