Jun
24

In China Debt Crackdown, Morgan Stanley-Backed Fund Sees Opening

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  • Abax Global aims to raise funds focused on China lending
  •  Shadow banking crackdown has led to rising demand for funding

China’s crackdown on shadow banking is leaving otherwise-healthy companies starved of funding, says Abax Global Capital, which is looking to plug the gap.

The manager of debt and private equity funds, which counts Morgan Stanley as a shareholder, aims to raise money from investors later this year and lend more in China, according to Michael Wang, managing partner and president. Any such fundraising would likely exceed $235 million, the size of Abax’s last U.S. dollar fund, he says…

In China Debt Crackdown, Morgan Stanley-Backed Fund Sees Opening

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