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":"d51ee6ae543410bb2b02e8cea08df8fc","s":"8d6cd962c689680b"}
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