China state investor, wealthy family-backed firm look for 'self reliance' bets
Geopolitical risks and a slowing global economy prompt Greater Bay Area Homeland Investments and Hong Kong tycoon Adrian Cheng's C Capital to look for private companies that are not reliant on overseas markets.
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A Chinese state-backed investor and a private equity firm backed by one of Hong Kong's wealthy families said they will either avoid or adopt a cautious attitude towards investing in private companies that are net export-oriented or are highly dependent on overseas markets.
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