- Xu Qing, Managing Partner, Oriza FOFs
- Stephanie Li, Reporter, DealStreetAsia (Moderator)
The pullback of US dollar investors, alongside high interest rates and macro uncertainties, have created a dynamic shift in the 21-trillion-yuan (almost $3 trillion) private fund industry in China that has seen the rising participation of RMB-denominated government capital in tech innovations and startup incubation. As state capital rises to prominence, how are they going to reshape the Chinese PE/VC market and GP-LP dynamics?