Financial services
December 13, 2021
Cathay Capital announced the launch of a fund in partnership with Kering, L’Oréal and Pernod Ricard. Will luxury be taking the Chinese investment market seriously in 2022? Image credit: Chen Peng
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","iv":"b36071058fac2efeb8eca8ab9e3d864c","s":"4f2cd099ea42ab44"}
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