Record Funds Raised by Private Equity Firms and Venture Capitalists in China

Record Funds Raised by Private Equity Firms and Venture Capitalists in China

A record US$72.5 billion was raised by private equity firms and venture capitalists in 2016, representing an annual growth of 49% from 2015. Yuan funds were valued at US$54.9 billion, a huge increase of 177% from a year ago. The total yuan funds has accounted for almost 76% of the total fund raising up from 40% in 2015.

“A record US$72.5 billion was raised by private equity firms and venture capitalists in 2016, representing an annual growth of 49% from 2015.”

~ South China Morning Post

Yuan funds has attributed to the majority of funds for the first time in 2016 for private equity and venture capital fund raising. This comes as China’s tighter foreign exchange control has made it more difficult for US dominated deals.

Related Report: South China Morning Post

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

China Curbs on Pulling Money Out of Country

China Curbs on Pulling Money Out of Country

China has added new restrictions on taking the yuan out of the country as authorities try to prevent capital outflows from destabilising the financial system. Officials will not approve request to take the yuan overseas for converting into foreign currencies unless a valid business reason is provided.

“In total, $275 billion has left the country via yuan payments this year till October compared to a $101.5 billion inflow in the same period of 2015.”

~ Bloomberg

China’s central bank has noticed that funds are increasingly leaving as yuan payments. In total, $275 billion has left the country via yuan payments this year till October compared to a $101.5 billion inflow in the same period of 2015. This has caused the yuan to weaken to an eight year low agains the dollar.

Related Reports: Bloomberg

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

China Dumping More Than Just Treasuries

China Dumping More Than Just Treasuries

The People’s Bank of China, owner of the world’s biggest foreign exchange reserves has dumped about $250 billion of US government debt and been using the funds to support the yuan and stem capital outflows. In addition to declining China sales of Treasuries, its holdings of US equities are also now showing steep declines.

“China’s ownership of American stocks sank about $126 billion, or 38 percent, from the end of July through March, to $201 billion.”

~Bloomberg

China’s ownership of American stocks sank about $126 billion, or 38 percent, from the end of July through March, to $201 billion, Treasury Department data show. That has outpaced selling by investors globally in that span — total foreign ownership fell just 9 percent.

Related Reports: Bloomberg, Reuters

 

About People Bank of China

The People’s Bank of China (PBC) was established on December 1, 1948 based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. In September 1983, the State Council decided to have the PBC function as a central bank. The Law of the People’s Republic of China on the People’s Bank of China adopted on March 18, 1995 by the 3rd Plenum of the 8th National People’s Congress has since legally confirmed the PBC’s central bank status.

Visit: People Bank of China

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

China Global Financial Influence Surge with the Launch of Yuan-Denominated Gold Price-Fixing

China Global Financial Influence Surge with the Launch of Yuan-Denominated Gold Price-Fixing

China global financial influence surge as the yuan-denominated Gold price-fixing was launched on Shanghai Gold Exchange, 19th April 2016 .  The price will be set twice a day with the benchmark price deriving from a 1 kg-contract.  The first fixing was set at 256.92 yuan.

“ The Shanghai benchmark won’t have an immediate impact on global pricing benchmarks in London and New York, but a fully convertible Chinese yuan would eventually help the world’s second-largest economy gain pricing power on the bullion industry “

~ South China Morning Post

“ The launch could eventually reduce the influence of the London gold price, which started in 1919 when bankers at NM Rothschild & Sons in London sat down to calculate a fair price for gold. That became the global gold benchmark, used by miners, central banks, jewellers and the financial industry to trade gold bars “

~ Financial Times

18 Major Financial Institutions members have joined the benchmark fixing.  On the ceremony, SGE announced the list of 12 Fixing Members and 6 Reference Price Members, along with 18 international consultants.

The Shanghai Gold Benchmark Price Launching Ceremony | 19th April 2016

Related Reports: South China Morning Post, CNBC, Financial Times, Official Press Release 

 

About Shanghai Gold Exchange: 

Officially starting operation on October 30, 2002, the Shanghai Gold Exchange (the “SGE”) is a membership-based and self-regulatory legal entity established by the People’s Bank of China (the “PBC”) upon the approval of the State Council and registered with the State Administration for Industry and Commerce. Regarding facilitating market development as its top priority, the SGE organizes the trading of gold, silver, platinum and other precious metals and provides relevant services for members and investors in a cost-efficient manner by adhering to the principles of integrity, equitableness, justice and transparency. The SGE is subject to supervision and regulation by the PBC pursuant to law.

Visit: Shanghai Gold Exchange


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency