Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Hans Tung, a managing partner at GGV Capital, unveiled GGV's 'Embedded Fintech 50', a list highlighting the rising stars in fintech innovation, at the Nasdaq exchange, February 3, 2023. Credit: Hans Tung via Twitter The Biden administration is currently mulling plans for a new system to monitor U.S. investment into China, as our News Analysis this week explains, amid fears that American money is fueling its rival’s technological advances. The reality is that U.S. fundraising for China-focused investment funds is already in steep decline. In 2022, American venture capital (VC) and private equity (PE) firms did not raise any new China-focused funds at all, according to data from Preqin, a financial data provider. And it’s not just the U.S. — capital raised globally for China-focused VC and PE funds also declined precipitously in 2022. The source of U.S. venture capital investment in Chinese startups has historically been concentrated among a small group of firms. They include companies such as Sequoia Capital, GGV Capital, SOSV and GSR Ventures.Sequoia Capital is an investor in The Wire Digital Inc., The Wire’s parent company. But working out how much these firms invest, and whosSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.