I recently returned from the Milken Institute Global Conference in Los Angeles, where senior executives of global asset allocators gathered to discuss a range of issues — from geopolitics to the global financial system, philanthropy to venture capital, and China-U.S. relations to the future of democracy. For three days, the Beverly Hilton became a beehive of discussion for some of the world’s most challenging, provocative and consequential questions.
As a Chinese person donning a speaker’s badge, the bulk of my chats with people began and ended with questions about China and its investability. I found many U.S. limited partners were concerned about U.S. President Joe Biden’s proposed executive order to prohibit U.S. capital from investing in certain technology sectors in China, better known as “reverse CFIUS.” This topic dominated discussions about China-U.S. relations throughout the conference.
