Global PE firms set up yuan funds amid RMB fundraising boom in China

Global PE firms set up yuan funds amid RMB fundraising boom in China

Photo by Eric Prouzet on Unsplash.

An array of blue-chip global fund managers have adjusted their fundraising strategies for China, collecting their latest batch of dry powder in the local currency or renminbi (RMB) to back their bets on the market despite concerns that the country may be losing its growth momentum over COVID contraction and geopolitical risks.

Edited by: Padma Priya