Renminbi fundraising: Winter has come
A two-year renminbi fundraising boom in China has ended abruptly due to a combination of controversy, regulatory intervention, and dwindling investor sentiment. But the market may benefit in the long term
“It’s quite a severe slowdown,” says Piau-Voon Wang, a senior advisor to the fund-of-funds division at CDB Capital, the investment arm of China Development Bank. “Capital has been raised at a ferocious...
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