SVB’s fall creates some ripples in China, but investors see “limited impact”SVB may have to transfer its 50% stake in its China JV, suggest experts.

Depositors and fund managers in Greater China are currently making efforts to calm a startled market saying the implosion of the Silicon Valley Bank (SVB) in the US will only have a limited impact on the local market.

“Most China-based fund managers and portfolio companies do not bank with SVB,” said Chibo Tang, a managing partner at pan-Asian venture capital (VC) firm Gobi Partners. “The risks in China should be lower given the government’s role and backing of the local banking system.”

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