China Universal eyes more primary market assets

The head of Shanghai-based China Universal is optimistic about the opportunities available from primary markets, but stresses that mainland investors must be more realistic about risk and return. Primary market investments – that is, unlisted projects, such as initial public offerings – offer more opportunities than the secondary market, says Andy Lin, chief executive of China Universal. The firm, with Rmb170 billion in AUM, of which Rmb80 billion is in mutual funds, set up an seg…