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":"557c700d3080f6ee880f231ff4e45d07","s":"481a943e0887119e"}
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