Echo Wong @echowonghk

Asset allocation and investment management reporter @Bloomberg Hong Kong Joined January 2014

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Lulu Yilun Chen @luluyilun

a month ago

IDG Capital, which has backed Tencent and Coinbase, has kicked off fundraising for $2 billion, according to sources It joins other CHN-focused fund managers raising dollars from sovereign wealth funds, family offices bloomberg.com/news/articles/… @echowonghk

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Lulu Yilun Chen @luluyilun

a month ago

Boyu Capital Investment Management, fresh off its deal for a majority stake in Starbucks’ China business, plans to raise $3 billion for a new fund, sources say bloomberg.com/news/articles/… @echowonghk

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Lulu Yilun Chen @luluyilun

2 months ago

Chinese early stage funds are increasingly offering a fundraising structure that appeals to US investors wary of American compliance restrictions but keen to grow exposure to non-sensitive sectors in China bloomberg.com/news/articles/… @echowonghk

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Joel Chan @kjoules

3 months ago

Are you an investment advisor? The English Schools Foundation has been contacting firms to see if anyone is interested to managing its roughly US$400 million endowment @echowonghk bloomberg.com/news/articles/…

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Bloomberg @business

3 months ago

Chinese officials are intensifying efforts to tax offshore trusts that hold shares in some Hong Kong-listed companies, clamping down on a structure that the country’s mega-rich have used to invest billions of dollars overseas. bloomberg.com/news/articles/…

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Lulu Yilun Chen @luluyilun

3 months ago

China’s biggest private insurer taps AI to unlock $174 billion value bloomberg.com/news/articles/… @echowonghk Dingmin

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Umesh Desai ウメシュデサイ @Umesh_Desai

6 months ago

Scoop from @echowonghk @principal exits $800 million Hong Kong pension business. A key reason for exiting the ORSO operation is to cut costs of providing such customized services in an area of business where assets are shrinking blinks.bloomberg.com/news/stories/T…

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Echo Wong @echowonghk

7 months ago

China Investment Corp., the nation’s $1.3 trillion sovereign wealth fund, is close to finalizing the sale of about $1 billion in US private equity stakes following a temporary pause in the deal, according to people familiar with the matter bloomberg.com/news/articles/…

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Echo Wong @echowonghk

8 months ago

The National University of Singapore is divesting at least $500 million in private equity and real estate funds to manage liquidity and rebalance its China exposure, according to sources bloomberg.com/news/articles/…

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Echo Wong @echowonghk

8 months ago

Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension fund’s private equity unit as it reassesses its strategy bloomberg.com/news/articles/…

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Echo Wong @echowonghk

8 months ago

The Hong Kong Jockey Club has sold $1 billion worth of assets from its fund portfolio at a discount to Toronto-based Dawson Partners, according to sources, marking one of the biggest disposals by an asset allocator in Asia bloomberg.com/news/articles/…

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Echo Wong @echowonghk

8 months ago

Singapore sovereign wealth fund GIC is looking to offload some of its private equity fund stakes, continuing to utilize the booming secondaries market to manage its portfolio bloomberg.com/news/articles/…

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Lulu Yilun Chen @luluyilun

9 months ago

As global investors gathered in Singapore’s bars and ballrooms for a series of conferences and annual general meetings this month, Northstar was raised as an exemplar of Asia’s steep challenges bloomberg.com/news/articles/… @Davidramli @oliviapohtech @DextLow @echowonghk

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Lulu Yilun Chen @luluyilun

10 months ago

One of Taiwan’s largest pension funds has guided outside firms against using Hong Kong-registered entities to manage its money, underscoring the challenges facing the financial hub as it deepens ties with mainland China bloomberg.com/news/articles/… @echowonghk

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Lulu Yilun Chen @luluyilun

11 months ago

Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital bloomberg.com/news/articles/… @echowonghk

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Lulu Yilun Chen @luluyilun

11 months ago

China’s largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country’s startups in a signal of renewed global investor interest in areas from AI to toys. bloomberg.com/news/articles/… @pingroma @echowonghk

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Lulu Yilun Chen @luluyilun

12 months ago

The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone and other buyout firms bloomberg.com/news/articles/… @echowonghk

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Echo Wong @echowonghk

a year ago

Hong Kong’s pension fund managers have formed a preliminary plan to sell down their Treasury holdings within as soon as three months if the US loses its last recognized top credit rating, according to people familiar with the matter. bloomberg.com/news/articles/…

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Lulu Yilun Chen @luluyilun

a year ago

A venture capital fund backed by Fidelity Investments’ billionaire Johnson family plans to unload its Chinese technology holdings amid heightened tensions between Beijing and Washington bloomberg.com/news/articles/… scoop by @echowonghk

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Lulu Yilun Chen @luluyilun

a year ago

Some Hong Kong user migrating to eMPF for the $166 billion pension system have experienced glitches, raising concerns over the platform’s reliability as the service enters a key phase of adding users bloomberg.com/news/articles/… @ShawnaKwan @echowonghk