private equity

CDT Money: Waiting For The Bottom

The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut...

Of Blind Men and Elephants – Grasping China’s Economy

China Real Time Report presents a range of perspectives on the state of the Chinese economy, and boldly eschews scalebare dragon imagery: How healthy – or otherwise – is China’s economy? Like the proverbial...

China: To the Money Born

The Financial Times has an in-depth look at the connections between China’s princelings and private equity: The company has no nameplate in the lobby of the Golden Treasure Tower, a nondescript building near the Forbidden...

Chinese Premier’s Son Eyes $1 Billion Fund for China Deals

Reuters reports on the latest initiative by Wen Yunsong, also known as Winston Wen, Premier Wen Jiabao’s son, though details are scarce: New Horizon Capital, whose co-founders include Wen Yunsong, son of Chinese Premier...

China-backed US Financial Firm Launched – Jeremy Grant

From Financial Times: A group of US and Chinese business people on Wednesday unveiled the first US financial services firm to be co-owned by Chinese interests. HuaMei Capital Company , as the joint venture firm is known, will be based in Chicago and Beijing, highlighting the growing links between Chinese business and the US Midwest. […]

China Eyes Investing In Private Equity, Hedge Funds – Reuters

From Reuters via The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according to a senior official. Shares in Blackstone closed on Friday at $24.08, down 22.3 percent from […]

China Faces Public Backlash as Blackstone Investment Backfires – Keith Bradsher

The International Herald Tribune gives an update on the Blackstone deal: The first purchase by the Chinese government’s new overseas investment fund, a $3 billion stake in the Blackstone Group, has backfired badly and produced an unusual public backlash within China. Blackstone shares have fallen steeply since the company went public June 22, pushing down […]

China’s Unique Cash Pool for Building Africa – Zhang Yuzhe

From China’s recent US$ 3 billion injection into the U.S. private equity firm Blackstone Group may have attracted more media attention, but the Beijing government also turned heads by creating a huge, PE hybrid designed to accelerate development in Africa. The China-Africa Development Fund was launched in June with an initial US$ 1 billion […]

Private Equity Firms Make China Home – Raphael Minder

From Financial Times: Fundraising for private equity in China bucked the overall trend in Asia by more than doubling in the first half, at a time when private equity managers are struggling to put their Chinese money to work, figures on Tuesday revealed. Private equity firms raised $5.26bn to invest in China, a 239 per […]

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 […]



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