Fundraising by China-focused private equity investors has fallen to its lowest level in 13 years, as early-stage backers of the country’s start-up scene grapple with Beijing’s tech crackdown and zero-Covid policies, reports the Financial Times. Venture capital and private equity funds concentrating on the Greater China region raised just $1.7 billion in the first quarter […]
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KE Holdings lists in HK
KE Holdings, a Chinese online property platform backed by SoftBank Group, debuted in Hong Kong Wednesday after choosing a listing path that doesn’t involve selling new shares or raising funds, reports Caixin. The stock ended its first trading session at HK$30.75 ($3.92), after opening at HK$30. KE Holdings’ dual primary listing in Hong Kong was […]
The world’s largest money manager, BlackRock, has trimmed its exposure to Chinese government bonds and stocks, and more broadly Asian fixed income, to neutral from a slight overweight, reports Reuters. The company cited geopolitical issues as well as a deteriorating macroeconomic outlook. “China’s ties to Russia also have created a new geopolitical concern that requires […]
Climate-focused funds in China grew by almost 150% last year, moving the country past the US to become the second-largest global market, bolstering the push for China to become a carbon neutral country by 2060, reports Bloomberg. China’s fund assets grew to $47 billion in 2021, a 149% increase from the previous year sparked by […]
European business leaders in China have stated that the current zero-Covid policy in place in the country is putting foreign investment at risk, as strict lockdown measures pushed the Chinese services sector to its weakest level of activity in more than two years, reports the Financial Times. Twice as many European businesses are weighing a […]