China

Local government financing vehicles used to fund infrastructure projects face bond maturity payments of $530bn between 2019 and 2021.

Despite having lowered its target twice, the Chinese asset manager claims the vehicle has reached ‘the right size’.

The credit portfolio, which is targeting total returns of 5-7 percent, aims to boost awareness of environmental, social and governance issues in emerging Asian markets.

China is trailing behind its neighbour in infrastructure projects across the region by $66 billion, notwithstanding Beijing's Belt and Road Initiative.

The territory's recent protests pose a challenge to attempts by the financial centre to cement its status as a private equity hub.

Local governments will be able to use proceeds from special-purpose bonds as project capital, as the country tries to stimulate economic growth.

The outlook for renewables is bright, despite the shift towards more market-based systems. But although governments might no longer need to provide subsidies, they still need to offer leadership.

For the first time in nearly two decades, growth in new capacity has stalled. We examine why and look at whether the freeze is expected to last.

Once fundraising kicks off, CGN’s private equity arm and the infra-focused investment firm will look to divest the portfolio of their first renewables vehicle, the 2015-vintage CGN Capital Partners Infrastructure Fund III.

China’s recent efforts to reduce its economy’s addiction to debt have brought more infrastructure assets to market and slowed down domestic competition, several analysts and investors say.