Fang Xinghai: U.S. Capital Restrictions Boost China's Private Equity, Markets to Attract Global Capital

On June 24, Fang Xinghai, vice chairman of the China Financial Association, stated at the Summer Davos Forum that U.S. restrictions on capital inflows into China have paradoxically stimulated China's private equity and venture capital investments. As a high-savings-rate nation, China possesses enormous potential in these sectors, he noted.
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