In February, China’s central government unveiled the "No. 1 Document" for 2021, emphasizing industrial investments via rural revitalization funds (RRF) in an effort to modernize its countryside. Close on the document’s heels, China updated its poverty alleviation office to the rural vitalization body, taking a firm step further than poverty reduction to reduce the urban-rural divide.

Although it is a concept imported to China from the rest of the world, ESG investing has proven a huge success, particularly against the pandemic background. But now, a more proactive investment philosophy is taking hold: impact investing. We speak to several key market players to reveal how Chinese funds are implementing it, the problems it can lead to and the benefits it can have both for financial returns and achieving ESG goals.

To maintain a competitive stance and a track record of outperformance, general partners (GPs) must find their own winning strategy in the market. LPs can ask the following 6 questions to figure out a GP’s investment strategy.

As the minimum unit of society, individuals often see their thoughts and behavior become the research topic of economists. If we generalize, the process of venture investment is actually an investor’s social science experiment in the real world.

Chinese VC/PE funds saw the exit door wide open in 2020. But achieving expected returns has proven tricky. And new regulations from the China Securities Regulatory Commission (CSRC) are making matters worse. So, what does it take to exit successfully in this new policy-driven market?

2020 is a year of global uncertainty. But for the Chinese capital market, it is also a year of exceptional heat waves. Publicly placed funds in China have never gained so much attention before – to a degree that they are driving privately placed funds into the corner.

Limited partners (LPs) are literally 'limited' because of information asymmetry. Despite thinking they've kept a close eye on return on investment, LPs can still fall into the following 3 traps that devastate their yields.

Ever since the 2018 liquidity crisis hit the primary market, secondaries transactions – the only liquidity solution then – have remained a hot topic in the private equity (PE) market. Rushan Capital, a secondary investment veteran, processed over 50 secondary deals in 2020 alone, but ultimately only 2 of them landed safely. In this article, we explore some valuable lessons from Rushan Capital, focusing on 4 of the failed cases to illustrate the main difficulties in secondary trading.

The synergy between the two sides, with public companies building the industry ecosystem and VC firms sourcing appealing investment targets, makes the model more than the sum of its parts.

From the single-family to multi-family office, the species is maturing and diversifying rapidly.