Summer Zhen
Stories by Summer Zhen
Asian hedge fund Keystone’s assets more than double to $2b
The fund is set to suspend new investor subscriptions because Keystone is comfortable with the current size.
Hong Kong’s largest bitcoin ETF assets up five-fold since Oct to over $100m
Bitcoin has gained 45% in Feb alone.
US hedge fund North Rock expands Asia footprint with Singapore office
The firm has filed an application for a Capital Markets Services License for fund management in the city-state.
Bridgewater Associates’ China business nearly doubles assets in a year
The US fund is raising an additional 2 billion yuan for an existing fund in Jan.
China Evergrande’s EV share sale deal with Dubai-based NWTN lapses
Neither party agreed on the extension of the long stop date.
Baidu terminates purchase of JOYY’s live streaming business
JOYY operates a video-based entertainment live-streaming business in China.
Citadel Securities explores China licence to foray into market-making
At least 16 domestic brokerages have been given the nod to act as market makers in China.
Global funds dumped another $3b in China stocks in Oct: Morgan Stanley
China and Hong Kong equities saw a combined $3.1b in net outflow from active long-only funds last month.
China funds look to Middle-East cash as US investments wane
Seven Chinese funds, with combined assets above $500b, visited the Middle East this year to raise money.
Investors rewrite private sector playbook amid China’s anti-graft crackdowns
Private enterprise is being sidelined as Beijing wants a greater state presence in many sectors.
