China state investor, wealthy family-backed firm look for 'self reliance' bets

A Chinese state-backed investor and a private equity firm backed by one of Hong Kong's wealthy families said they will either avoid or adopt a cautious attitude towards investing in private companies that are net export-oriented or are highly dependent on overseas markets. Executives from Greater Bay Area Homeland Investments and Hong Kong tycoon Adrian Cheng's C Capital told the Asian Financial Forum on Wednesday that their strategy aimed to mitigate risks arising from China-US t…