China, every mention
96 scenes (2022) · ← back to China
tap a year for its mentions
every year 2022 anyone Ted Seides 346Louis-Vincent Gave 79James Aitken 79Marko Papic 33Richard Lawrence 32Raphael Arndt 31Seth Masters 28Kathy Xu 23Rob Citrone 17Steve Rattner 15
Verbatim, from the transcripts: the passages where China comes up
Ana Marshall – Preparing for the New Environment at Hewlett (Capital Allocators, EP. 288)
- ▶ 4:33 Ted Seides We cover inflation, private equity secondaries, liquidity management, China, emerging markets, and ESG.
- ▶ 24:36 Ted Seides It does feel like it's become a tale of two, China and the rest of the world. 7 times in the scene
- ▶ 29:02 Ted Seides What are you seeing in emerging markets outside of China? 3 times in the scene
Charles Van Vleet – Thinking Differently with Pensions at Textron (Capital Allocators, EP. 283)
- ▶ 23:30 Charles Van Vleet Not to be harsh about this, but I, when I hear somebody once say it, they said, you know, we really have two economies and two markets, Ted, we have, you know, the U S here and we have China over here. 6 times in the scene
Colin Smith and Farouk Miah - Empty Rooms: Investing in Africa (Capital Allocators, EP. 279)
- ▶ 21:32 Colin Smith You know, China is up at 80, 90%.
- ▶ 57:41 Farouk Miah Because India looks more attractive, or Russia comes back into the norm, and China is fine again, and therefore why should I go to Africa when I can get better risk-adjusted reward elsewhere?
Louis-Vincent Gave – The Case for Emerging Markets (Capital Allocators, EP.275)
- ▶ 4:40 Ted Seides We discuss emerging markets, the U.S. dollar, age of weaponization, deglobalization, China, and where to invest to weather the storm.
- ▶ 9:14 Louis-Vincent Gave I've spent 25 years in China. 4 times in the scene
- ▶ 15:20 Louis-Vincent Gave Like I mentioned, you look at Chinese bonds, 3 times in the scene
- ▶ 16:59 Louis-Vincent Gave China is now the world's second largest bond market, and it's all local currency stuff.
- ▶ 18:34 Louis-Vincent Gave So for example, trying to sell China to US institution or even a European institution today, forget it. 2 times in the scene
- ▶ 21:22 Louis-Vincent Gave China's uninvestable because they might invade Taiwan tomorrow, and I don't believe that for a second, by the way, but who wants to take that political risk? 4 times in the scene
- ▶ 26:07 Louis-Vincent Gave You look at the monetary aggregates of Brazil or China or Indonesia, they didn't grow to the same extent as we saw in the Western world. 3 times in the scene
- ▶ 28:26 Louis-Vincent Gave China turns to them and says, hey, I like your iron ore. 3 times in the scene
- ▶ 29:39 Louis-Vincent Gave The first book I wrote was basically following the weaponization of the semiconductor industry against China. 4 times in the scene
- ▶ 32:06 Louis-Vincent Gave So we're going to say, okay, let's reshore everything from China. 2 times in the scene
- ▶ 33:41 Ted Seides I'd love to turn to some more of your thoughts on China. 6 times in the scene
- ▶ 36:51 Louis-Vincent Gave The main thing on my mind is the perception of the market is China's about to hit the wall big time because of its real estate problems and political problems and slowdown, et cetera, all of which are very real. 6 times in the scene
Friends Reunion 2 – Five Allocators Riff on Investing with Meredith Jenkins, Casey Whalen, Brett Barth, Jon Harris, and Ted Seides (Capital Allocators, EP.271)
- ▶ 12:07 Brett Barth A lot of private equity funds that we invested in 1015 years ago where they had offices in China and part of what they were doing was helping companies either sell into China or source into China.
- ▶ 31:56 Meredith Jenkins One thing I've gone back and forth on, whether it's a positive or a negative, is China's really struggling. 2 times in the scene
Ted Seides – Insights on investing and podcasting (Capital Allocators, EP.269)
- ▶ 33:08 Ted Seides Uh, less so these days in, in the private markets, but people have a very different view, say, in US private equity than in China.
Howard Smith – Japanese Equities at Indus Capital (Manager Meetings, EP.35)
- ▶ 22:56 Howard Smith They invest in China, they invest in the ASEAN region, they invest in Australia.
- ▶ 43:18 Howard Smith There is tremendous mispricing in the Japanese market that stems from years of neglect and misunderstanding and focus, I think, on other places, you know, specifically, I think, the US and China over the last six or seven years in an era… 2 times in the scene
Sarah Samuels – Framework and Rigor at NEPC (Capital Allocators, EP.264)
- ▶ 15:06 Sarah Samuels Even if you knew your exposure to Chinese venture to the 10th point, you can't really trade on it because it's illiquid unless you do a secondary sale.
- ▶ 16:41 Sarah Samuels One is that there was a tremendous amount of travel, and we were going all over the place into China, and I had a very young family, little babies.
- ▶ 42:54 Sarah Samuels We think that healthcare is for sure a theme in healthcare in China. 4 times in the scene
Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
- ▶ 47:15 Josh Friedman Obviously China, the property sector has had more than its share of significant stress. 2 times in the scene
- ▶ 50:22 Josh Friedman Since then, a lot of other things have happened, including what's gone on with Russia and the Ukraine, including what's happened with additional shutdowns in China, which prevent the supply chain from reacting the right way.
Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262)
- ▶ 51:21 Mario Giannini People are not sure what China and the US relationships will be. 2 times in the scene
Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
- ▶ 11:17 Rob Citrone I did 33 years of this now in EM, and I've been to Argentina, Brazil over 52 times each, for instance, and China 12 times, and even Russia six times, Turkey 12 times. 2 times in the scene
- ▶ 18:55 Rob Citrone I can remember we were shorting the red chips in China in 97, 98. 3 times in the scene
- ▶ 24:45 Rob Citrone China rivaled it for a little while. 10 times in the scene
- ▶ 26:17 Ted Seides If your views on China play out over the next period of time, what does that mean for the rest of the world markets? 3 times in the scene
- ▶ 31:19 Rob Citrone I mean, maybe China, if we get an okay outcome at the People's Congress, and China will recover some next year from an economic perspective because of what they've had with the COVID.
- ▶ 36:13 Rob Citrone The amount of contacts and insight and things that I have, whether it be Ukraine, Russia, or China, or the US even, Argentina, Brazil, Turkey, it's pretty phenomenal.
Sam Zell – Common Sense and Uncommon Profits (Capital Allocators, EP.253)
- ▶ 44:27 Ted Seides In addition to this period of inflation that's coming, there's a lot of questions around emerging markets, given what's happened recently in Ukraine and Russia and China, and we love your view on how to think about investing in emerging…
Chris Voss – Listening, Human Nature, and Negotiations (Capital Allocators, EP.252)
- ▶ 44:48 Chris Voss Any sort of adventure travel, I don't got to whitewater some rapids in China or in the Himalayas.
Larry Kochard – From Endowment Professor to OCIO Chief at Makena Capital (Capital Allocators, EP.250)
- ▶ 25:00 Larry Kochard You know, when you have what's happening with the tightening cycle that's starting, what's happening with Russia, you know, what has happened with China, there's always a issue du jour that gets people worried, gets people excited, and…
- ▶ 35:19 Larry Kochard I mean, some of us that are, you know, from the ENF world share a lot of the same managers, whether it's in China or India, and those managers have generated substantial alpha. 2 times in the scene
- ▶ 43:11 Ted Seides What economic sanctions mean, how this affects China, and would love to hear in the context of your whole portfolio, what do you do about these new risks?
Steve Drobny – Where the World is Going at Clocktower Group (Manager Meeting, 30)
- ▶ 4:55 Ted Seides whose activities include seeding and investing in global macro hedge funds, fintech venture capital, China-focused seeding, climate change venture capital, and macro research. 2 times in the scene
- ▶ 6:58 Steve Drobny And so we work very closely with our clients in a very collaborative, consultative, in the tent type of approach and work in very weird areas like global macro, seeding, onshore China, early stage venture capital investing and fintech and…
- ▶ 16:46 Paula Volent I want to talk to another one of your very smart hires, Wei Lu, who is probably one of the most in the forefront of identifying opportunities in China, and you have an office in Shanghai, and I love reading his insights because I think… 10 times in the scene
- ▶ 31:52 Steve Drobny I don't want to see life caught in fishing nets to government level concerns like China, US, Europe have to focus on being self-sustaining from an energy standpoint.
- ▶ 38:20 Steve Drobny We've got a lot going on with seeding, with China, with FinTech, with climate, and so we're running pretty hard right now.
Louis-Vincent Gave – Macro Consequences of Government Sanctions (Capital Allocators, EP.247)
- ▶ 4:21 Ted Seides Louis launched GovCall alongside his father in 2000 and has become a go-to source for creative research on global economics and asset allocation, particularly in China. 2 times in the scene
- ▶ 5:37 Louis-Vincent Gave I've spent really the better part of my past 25 years looking at China and China's sort of major impact on economies and on global financial markets. 3 times in the scene
- ▶ 15:31 Louis-Vincent Gave But what if you're China? 8 times in the scene
- ▶ 23:50 Louis-Vincent Gave You know, it's in countries like China, and the big current account deficits are in places like France, like Britain, like the US, and those work. 3 times in the scene
- ▶ 30:48 Louis-Vincent Gave And you saw this very clearly this past summer, when China had to shut down steel mills, shut down naval shipyards, ban Bitcoin, all of which because it was too energy intensive and China didn't have enough energy. 10 times in the scene
- ▶ 44:12 Ted Seides So one last question, which is if we turn this lens to your wheelhouse of China, right? 6 times in the scene
- ▶ 46:45 Louis-Vincent Gave 15 years is people applying things that work in a country and looking at China and saying, because it happened this way in the U S it will happen this way in China and sort of not taking into account all, all frankly, all the differences… 6 times in the scene
Tom Lenehan – Taking the Helm at the Wallace Foundation (Capital Allocators, EP.246)
- ▶ 5:00 Ted Seides We discuss his key priorities for the portfolio and his perspectives on China, venture capital, private equity, hedge funds, inflation, cash, and crypto.
- ▶ 24:46 Ted Seides So China has certainly come up in people's minds, maybe in a slightly different way these days, but a lot of these pools of capital have had, call it relative overweights in emerging markets for a long time. 10 times in the scene
- ▶ 27:46 Ted Seides How do you think about the, whether it's the re-underwriting or certainly with any new manager, you're not traveling to China these days, haven't in a while. 2 times in the scene
Sebastian Mallaby – The Making of the New Future in Venture, Venture is Eating the Investment World 14 (Capital Allocators, EP.245)
- ▶ 2:04 Ted Seides I've seen the platform and the coverage is incredible, ranging from mature mega caps to leading edge innovators like Stripe and SpaceX to thematic topics like crypto exchanges and alternative energy in China to just about everything in…
- ▶ 39:23 Ted Seides One of the trends over the last decade or so has been this expansion of U.S.-based venture capital internationally, and some of that's been through these franchise venture capitalists, and I know you wrote a chapter in the book about…
- ▶ 44:57 Sebastian Mallaby And it's interesting to me that ecosystems that got started later, for example, China, are more gender diverse than the US one has been.
- ▶ 47:32 Sebastian Mallaby And I think the third thing I would mention is geopolitics, that money has flown across borders fairly easily, but particularly when it comes to US-China today, it's not clear that future will continue. 2 times in the scene
Kathy Xu – Venture in China at Capital Today, Venture is Eating the Investment World 12 (Capital Allocators, EP.243)
- ▶ 5:18 Ted Seides My guest in the 12th episode of Venture is Eating the Investment World is Kathy Hsu, the founding partner of Capital Today, a two and a half billion dollar firm that's one of the top venture capitalists in China. 4 times in the scene
- ▶ 7:25 Ted Seides I would love to have you take me all the way back to what it was like growing up in China.
- ▶ 16:47 Kathy Xu That was 1995, very early stage of venture capital investment in China. 4 times in the scene
- ▶ 19:14 Kathy Xu At Bering, I worked there for seven years, and during that seven years, I invested a number of companies who become the richest man in China. 2 times in the scene
- ▶ 23:03 Ted Seides And what was the venture capital market like in China at the time? 6 times in the scene
- ▶ 25:54 Ted Seides So I'd love to hear a little bit about what is the environment like for finding opportunities in China? 3 times in the scene
- ▶ 28:56 Kathy Xu I think in China, we still have a lot of category opportunity, i.e. you have, like, a really disruptive companies. 4 times in the scene
- ▶ 34:28 Kathy Xu I feel, oh, this is Walgreens of China. 2 times in the scene
- ▶ 44:00 Ted Seides So some of the big U S venture capital firms have started China initiatives in the last decade.
- ▶ 46:39 Kathy Xu Zhong Wahaha, he went to Paris, he saw bottled water, and he immediately feel, oh, this is it, he will bring this to China. 2 times in the scene
- ▶ 48:57 Ted Seides What's different about investing in China venture capital than say the United States?
- ▶ 49:26 Kathy Xu But in China, we have more like, oh, we learn from the US, but we kind of have this improvement 7 times in the scene
- ▶ 54:09 Kathy Xu He said, oh, you said that China is going to change the world because of technology, a lot of investment. 2 times in the scene
Arjun Sethi – A Technology Company that Deploys Capital at Tribe, Venture is Eating the Investment World 10 (Capital Allocators, EP. 240)
- ▶ 1:08:30 Arjun Sethi He went to the medical industry and started building out ultrasound devices, and he started selling it in India and China.
James Aitken – Market Implications of the Situation in Ukraine (Capital Allocators, EP.239)
- ▶ 18:21 James Aitken And then how do we think about all those payment chains that are starting to open up between Russia and China?
- ▶ 32:35 James Aitken And as much as various active and passive investors have increased their renminbi exposure over the past couple of years, I wouldn't fancy going into a Chinese court under Chinese law looking to recover full value of my renminbi assets.
- ▶ 36:18 James Aitken Not only that, but what's the extrapolation read across to China? 6 times in the scene
Marko Papic – Geopolitical Shock in a Multi-Polar World (Capital Allocators, EP.237)
- ▶ 4:42 Ted Seides We cover Russia, the US, oil, China, and answers to the most pressing questions his clients are asking in response to last week's event.
- ▶ 5:32 Marko Papic It's a world where we all sit around and talk about China, US, and then suddenly it's not China, US.
- ▶ 18:39 Marko Papic And most of it is found in the Congo and China has really good reach in the Congo. 2 times in the scene
- ▶ 23:14 Ted Seides A little bit, before this happened, a lot of the questions internationally have been about the Chinese government and crackdowns on certain industries and what that means for long-term investment in China, and would love to get your views… 22 times in the scene
- ▶ 28:33 Ted Seides What does that imply about where you see the most interesting investment opportunities in China? 10 times in the scene
- ▶ 30:34 Ted Seides How does China's relationship with Taiwan look in the semiconductor sector? 6 times in the scene
- ▶ 32:16 Marko Papic As I said, I think China is going to be very cautious. 2 times in the scene
- ▶ 36:44 Ted Seides If we go back to your original framework from your book and thinking about constraints, you talked about that in Russia, maybe touch on what you see as the major constraints in what would otherwise be a logical action, perhaps for the U.S.… 12 times in the scene
Josh Wolfe – Caution and Innovation at Lux Capital, Venture is Eating the Investment World 8 (Capital Allocators, EP.236)
- ▶ 32:12 Josh Wolfe And so we are in a new race on a variety of different domains, air, land, sea, space, cyber, informational, with two main great powers, one that is actually truly a great power, which is China, and it is mostly politically driven, and one… 5 times in the scene
- ▶ 55:45 Josh Wolfe I'm very rarely commenting about the thing that everybody is talking about, trending or whatever, and so it's what led me probably six years ago or seven years ago to get very interested in the African continent on both geopolitical, rise…
- ▶ 1:03:20 Josh Wolfe That is compounded by China and US in this great game over the continent. 2 times in the scene
Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)
- ▶ 28:40 Florian Bartunek I tell our analysts here, oh, if you want to have a look at the future, jump on a plane, go to the United States or China, go see the future and come back from the future.
- ▶ 39:18 Florian Bartunek And the high growers, let's say the really high growers, they're trading at half of the price to revenues compared to their peers in the U.S. or China.
- ▶ 39:58 Florian Bartunek There is a question mark on China in terms of what are they doing with some sectors? 2 times in the scene
Sean O'Sullivan – Start-up Development at SOSV, Venture is Eating the Investment World 3 (Capital Allocators, EP.231)
- ▶ 5:18 Ted Seides My guest on the third episode of Venture is Eating the Investment World is Sean O'Sullivan, the founder of SOSV, a billion dollar global venture capital firm that seeds a 150 companies a year through startup development programs that…
- ▶ 19:49 Sean O'Sullivan When I saw that, I said, okay, well, let me do this in a place that's never been done before, which was China.
- ▶ 20:11 Sean O'Sullivan Well, from China Accelerator, which was differentiated just by its geography, we really always wanted to invest very deeply into a set where we would be the world leader in, and so from China Accelerator, which was started in Dalian and…
- ▶ 38:07 Ted Seides I'd love to hear more about your experience investing in China.
- ▶ 38:27 Sean O'Sullivan In China, there's a more laissez-faire attitude about a lot of things, which is good, because the government doesn't get in the way. 5 times in the scene
David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
- ▶ 27:22 David Rosenthal They went to China.