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Sunday, June 26, 2022

WARBURG PINCUS + CHINA #274

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Graham Perry
Experienced Arbitration Lawyer | China & Chinese Business Affairs | Public Speaker/Lecturer.

GOOD MORNING FROM LONDON

This daily column has highlighted the Big Divide between Washington + Wall Street. Biden follows Trump + maintains a De-Coupling policy on China just as Wall Street increases Investment in China.

Today – another business development. Warburg Pincus is launching an asset management company in China to target commercial opportunities in China’s property market – the latest example of Big US Banks + investors strengthening financial ties with China’s Financial Industry despite a tense geopolitical backdrop.
The CEO of Warburg Pincus, Qiqi Zhang, notes that “real estate special situations sector is entering an accelerated growth trajectory – hence a $600m investment that expects to create $5bn of assets in the next five years.

While Washington focuses on “Reds Under the Beds” + “Spies On Every Corner”, Wall St, including JP Morgan, Black Rock and Goldman Sachs, wants more, not less of China. In June Blackstone announced a $3bn deal for Soho China for office development following a purchase of an urban logistics park in S China.

How? Why? It is a remarkable phenomenon. Tomorrow – the explanations.

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