China Addresses Investor Concerns in Meeting With Global Funds
- Temasek, Warburg Pincus representatives among attendees
- Global investors suggested expediting overseas IPO process
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Chinese regulators met with global investors on Friday, according to people familiar with the matter, stepping up the government’s bid to boost market confidence as the country’s economic recovery loses steam.
China Securities Regulatory Commission Vice Chairman Fang Xinghai met with some global venture capital and private equity firms to hear their concerns about investment in the country, the people familiar said, requesting not to be named because the matter is private. Among those present were Neil Shen, founding partner of HongShan — formerly known as Sequoia Capital China — and representatives from GIC Pte. and Warburg Pincus. Temasek Holdings Ltd.’s China head Wu Yibing also joined.