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"Global institutional investors are currently underweighted in Chinese assets. As the importance of China's economy and the yuan increases, adding positions on these assets will become the norm for foreign funds," said Fang Xinghai, vice chairman of the China Securities Regulatory Commission.

"Further escalation would be counterproductive. It would simply ensure an economic cold war between the US and China, at least until January 2021 and perhaps much longer," he said. "This would be a 'lose, lose, lose' proposition."

"For me, PE investing is meaningful and joyful. It is about sticking by my partners－from both the target company and JG－through thick and thin to reach the joint goal of creating value."

"From this point of view, the XRL surely will greatly boost the development of the Bay Area," said Zhang, adding that the commissioning of Hong Kong-Zhuhai-Macao Bridge in the near future and the construction of other infrastructure, including airports and shipping ports, will also add new development impetus to the area.

"Global governance is totally unfit for 21st-century purpose and not least for fighting this pandemic. This thing is developing, not least within the southern hemisphere in places like Africa. These countries are going to need massive support. We are not seeing any of that," he said.