Fund on road to profit with parking lots

As the nation's automobile ownership expands, there simply aren't enough places to put those vehicles, reports Gao Changxin in Shanghai.

Fund manager Mark Cho believes the best place to park his funds in China is in parking lots.

Parking lots are in increasingly short supply, with the number of cars on the road having surged by five times since 2003 to 137 million at the end of last year, second only to the United States. The Ministry of Transport has forecast that by 2020, the number will reach 200 million.