China sounds out foreign buyout groups over boosting inward investment

The Beijing symposium was the first of its kind between financial authorities and groups that manage US dollar funds. Their appetite for China deals has fallen as Washington works on plans to step up its screening of US investment in the country and after Beijing cracked down on its fast-growing internet sector and took greater control over foreign listings. Capital raised by Greater China-based private equity and venture capital funds fell to $US36.8 billion ($54.7 billion) in 2022, significantly lower than the average of $US148.9 billion between 2019 and 2021 and a peak of above $US300 billion raised in 2017,…