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'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told

Hong Kong's status as an international financial centre will be reinforced by yuan internationalisation and China's economic transformations, according to top finance officials and industry players. Despite facing "unprecedented changes", Hong Kong's connectivity with mainland China and potential to tap growing opportunities arising from the increased use of the mainland currency globally will consolidate and enhance the city's unique status, deputy financial secretary Michael Wong Wai-lun told ....

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'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told

'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told
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PE companies: PE companies trapped in China after $1.5-trillion bets

Many firms are also looking at an alternative strategy, putting off sales by setting up so-called continuation funds to take over holdings for several more years, according to interviews with about a dozen of private equity investors and advisers. That s also proving challenging. ....

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PE Firms Get Trapped in China After $1.5 Trillion Betting Spree

PE Firms Get Trapped in China After $1.5 Trillion Betting Spree
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Private equity firms seek a way out of China after US$1.5 trillion betting spree

Mounting concerns about the risks of investing in China have seen secondary buyers demanding huge discounts. Meanwhile, China deals involving PE firms are on track to slide for a second straight year. ....

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