History shows that PE is set to benefit from China’s spend
Fears that the value of the US dollar will continue its downward spiral have prompted central banks across Asia to look at alternative investment routes to hedge their exposure to assets related to the currency. For China, with approximately $3 trillion foreign exchange reserves, this means ramping up its mandate for overseas investments. Private equity traditionally is most likely to benefit from this trend.
Just this month, the Chinese government announced that it would commit between $100-$200 billion in top-up capital to sovereign wealth fund China Investment Corporation (CIC). CIC launched in September...
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