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Greater China
Local governments already owe more than $9 trillion in offshore debt.
World
Over the past year, Affirm has more than doubled the elective medical merchants on its network.
Lu will be responsible for the overall management of the company.
Many Chinese funds want to get exposure to European and US investors and also need to build offshore structures.
India
The financing also saw participation from BII, Aavishkaar Capital, and Amicus Capital.
Mixi and Gemba Capital also participated in LightFury’s funding round.
Fairfax India had said it would provide up to $200m in liquidity to support the lender.
The firm posted a 36% jump in profit.
The resignation would be effective from June 26.