As Buffett exits, can China win back Wall Street with own brand of his winning formula?

Chinese regulators push patient capital, reshape US$4.5 trillion mutual fund industry towards long-term holdings as foreign investors weigh risks against thin IPO pipelines

China is betting that patient capital, rather than quick trades, will define its next phase of growth – a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades.

And as global investors watch this week’s US-China leadership summit for any sign of easing friction, one question is whether Beijing’s version of Buffett’s value-investing legacy can help Wall Street regain its appetite for Chinese assets.

“The long-term return nature of Berkshire’s philosophy coincides with China’s economic philosophy,” said Tommy Ong, managing director of Hong Kong-based T.O. & Associates Consultancy.