Chinese Stock Bulls Dealt a Blow as Congress Underwhelms

(Bloomberg) — For all the hype in the run-up to the National People’s Congress, China stocks bulls were left in the lurch as a terrible week for global markets compounded a selloff spurred by a lack of major policy incentives. Most Read from Bloomberg It all began on Monday as a consensus-lagging economic growth target […]

Chinese stocks rebound after terrible month on upbeat data

(March 1): Chinese markets rallied as unexpectedly strong manufacturing data suggested that the economic recovery is gathering pace, emboldening traders to pile in after weeks of heavy selling.    The Hang Seng China Enterprises Index jumped 5.1% helped by tech and property stocks, rebounding after a loss of more than 11% in February. The Hang […]

China Set to Fine Ant More Than $1 Billion, Reuters Reports

China Set to Fine Ant More Than $1 Billion, Reuters Reports (Bloomberg) — Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul of the financial technology firm, Reuters reported, citing people familiar with the matter. […]

SoftBank Leads Way as Asia Tech Investors Sell Shares

Some of the world’s most influential institutions are selling shares of Asia’s technology giants after owning them for years, a troubling sign for investors after what has already been a painful market selloff. In recent months, Japan’s SoftBank Group Corp. has pared its stakes in the Chinese e-commerce company Alibaba Group Holding Ltd. and the […]

Nicole Zhang-Backed LIF Fund Secures $20M For Web3.0

A new venture capital fund known as Lingfeng Innovation Fund (LIF) has secured $20 million in a fundraiser targeted at equipping crypto startups. The LIP fund which is backed by Nicole Zhang, a former executive at Binance Labs, is related to Beijing-based financial technology investment firm Lingfeng Capital. Markedly, Zhang also sits as a founding partner of […]

Kamet Capital Partners strengthens Singapore bench

The multi-family office has hired Cheam Tze Shen to boost its Southeast Asia presence. Kamet Capital Partners continues to build its team to expand its coverage of high net-worth families in the region. It has hired Cheam Tze Shen (pictured) as a client adviser to bolster the firm’s ‘outreach to Southeast Asian families and investors,’ […]

Singapore lures new wave of Chinese investors eyeing good schools, stability

The city has tightened its Global Investor Programme rules over the years, such as requiring applicants to manage firms with revenues of S$200 million, but interest continues to be strong. China’s Covid-19 situation and instability in Hong Kong have influenced their decisions, while asset manager Blackrock’s impending expansion in Singapore has further buoyed confidence. Luxury […]

Kamet Capital makes first close of debut closed-end fund at $50m

Singapore-based multi-family office Kamet Capital Partners has raised $50 million — half the target corpus — in the first close of its debut closed-end fund. Officially launched in March, Kamet Capital was targeting to raise $100 million for Kamet Founders Fund 1 from existing family office clients and, in a first, external limited partners. The […]

SG family office Kamet Capital to seek $100m for first closed-end fund

Singapore-based multi-family office Kamet Capital Partners, which has previously allocated the bulk of its assets under management to public markets, is launching its first closed-end fund. The firm targets to raise $100 million for Founders Fund 1. Besides its existing family office clients, it plans to seek capital from external limited partners for the first […]