Word: finkelston
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...trick for China now is "to regulate private capital without cutting off funding sources for healthy private companies," says Karin Finkelston, China representative of the International Finance Corporation, the World Bank's private-finance arm. And increasingly, Beijing has been welcoming private capital that it barred in the past. In June, regulators approved the country's first two private-investment funds. Both plan to invest several hundred million dollars raised from private firms in Wenzhou. Such funds are still barred from lending, but managers expect approval in the future...
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