Traditionally, asset managers in the People’s Republic of China have relied on offshore companies in fund centres such as the Cayman Islands or the British Virgin Islands for the structuring of their international investments and PERE funds.

A change in China’s economic management policy has made its policy time lag longer, more uncertain and more unstable than in the old growth model, says Chi Lo, senior economist for Greater China at BNP Paribas Asset Management.

Global asset managers have reacted positively after index compiler MSCI took the decision to increase the weight of China A shares in its global benchmarks from 5% to 20%. The increase will be phased in over three steps in May, August and November 2019.

US-based private equity firm Carlyle Group has bought a 9% stake in SBI Life Insurance Company, the life insurance subsidiary of the State Bank of India [SBI].

Temasek Holdings, Singapore’s state-owned investment company, contributed to an $85 million series B funding round for Suzhou-based Gracell Biotechnologies.