Boost for Chinese Private Equity – Jamil Anderlini and Sundeep Tucker

From Financial Times:

China’s leaders often lament the fact that up to 90 per cent of corporate financing in the country still comes from bank loans – pointing to the need for more efficient capital markets and a domestic private equity industry.

But with a change in regulations introduced quietly last week, Beijing has moved to address the source of at least some of its angst.

It has established a legal framework that is expected to boost the development of China’s nascent domestic private equity players – with significant consequences for their foreign competitors. Private equity’s profile in China has risen in recent years. Investments in mainland companies in 2006 doubled to $7.3bn (‚Ǩ5.4bn, ¬£3.7bn) from a year earlier, says the Centre for Asia Private Equity Research. Unfortunately – from Beijing’s perspective – the sector has been dominated by foreign giants such as Carlyle Group and Texas Pacific Group. [Full text]

Categories :

Tags :

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.