Disadvantaged

Funds have four stages: fundraising, investment, management, and withdrawal. Four things fall on the same balance sheet. Overseas long-term capital began to screen Chinese managers, and a sum of money came to China with goals to look for investment opportunities. Investors want to withdraw the money invested many years ago, and move production lines overseas to avoid the front line. The money raised has to come across the ocean. What is made has to be shipped across the ocean. Some people come in and some people go out. Some people have priority and some have inferiority.