A Chinese billionaire named Bruno Wu is building out a nearly $300 million crypto innovation hub in an unlikely place -- Hartford, Connecticut. Part of the plan includes a fintech college.
China's sovereign wealth fund China Investment Corp (CIC) posted a 37.55 percent rise in 2017 net profit, boosted by record-high returns from its overseas portfolio. In the past, CIC has invested in several overseas companies ranging from Airbnb, Canadian mining company Teck Resources to U.S. PE house Blackstone.
America's wide lead in venture capital is fading, threatened by Asia and its rising brain center: China. A surge of new money from China and the rest of Asia helped drive funding totals to the stratosphere and transformed the venture landscape.
The $18 billion deal had been in regulatory limbo as investors waited for a green light from China, the last country that needed to sign off. Trade tensions between the U.S. and China had raised the prospect that China might hold up the sale indefinitely.
Chinese investors that have been making headlines as avid buyers of trophy assets in the U.S. are now attracting just as much attention for their intent to sell properties.
Trade tensions between the U.S. and China are ratcheting up. Now analysts are worrying about Australia, which sits uncomfortably in the middle, trading the most with China but receiving its largest investment inflow from the U.S.
Hedge funds focused on Chinese stocks were big winners in 2017, returning 35 percent according to data from eVestment, a data provider owned by Nasdaq. Returns were substantially higher than the global hedge fund average of 9 percent and easily outpaced a 19 percent upswing in the S&P 500 benchmark index in the U.S.
In November, President Trump claimed a win when he returned from his Asia tour touting $250 billion in deals with China. Those agreements, which span sectors like energy, aviation and tech, could be ammunition for Beijing as it spars with Washington over trade.
The Chinese government had talks about possibly financing the world's most ambitious investment project, SoftBank's $100 billion bet on the future of technology known as the Vision Fund.