HKMA Exchange Fund upbeat on China, Asia PE

Hong Kong Monetary Authority’s (HKMA) Exchange Fund is positive on the long-term potential of China's private equity market, given the economy’s huge size and importance in the global economic landscape, a senior executive from the fund said. The mega government fund said the Asia private equity market is a key market for it to generate decent returns and diversify the portfolio. It will continue to deploy capital to high-quality general partners (GPs) and maintain its private e…