He is recognized as one of the sixteen bodhisattvas of the auspicious aeon (bhadrakalpa). He also has the ability to perceive and understand all actions of cause and effect (Skt. aparuṣā).
After receiving a detailed explanation on the Bodhisattva's wanderings throughout the world, Akṣayamati offers Avalokiteśvara a pearl necklace of great value. Avalokiteśvara refuses at first, but Akṣayamati entreats him to accept it for the Dharma, out of compassion. Avalokiteśvara finally accepts the necklace out of compassion for the fourfold assembly, devas, nāgas, yakshas, gandharvas, asuras, garudas, kinnaras, mahoragas, humans, non-humans, etc.
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