The fund would play on the aspirations of local companies to emulate Chinese corporate success stories such as Lenovo and Haier.

[4] In June 2012, Liu resigned from his position of chairman at CITIC Private Equity although he would still remain as CEO of the firm.

[5] In September 2023, CPE was mentioned in an opinion piece by Marc Thiessen in The Washington Post that concerned Vivek Ramaswamy.

During his 2024 presidential campaign, Ramaswamy portrayed himself as tough on China, promising to bar American companies from doing business there.

In 2023, a Roivant Sciences spokesperson told The New Republic that both companies never generated sales or profits and were no longer operating.