日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Private equity looks to the yuan

By Chen Jia | China Daily | Updated: 2011-07-14 07:56

BEIJING - China's fast growing private equity (PE) market has attracted global partners to use the Chinese currency in investments. This has heated up the competition between yuan-denominated and dollar funds in the world's second-largest economy.

The nation's strict foreign exchange control policies and the appreciation of the yuan are driving an increasing number of foreign PE firms to launch yuan-denominated funds jointly with local investors, in the search for higher returns.

Li Wanshou, president of Shenzhen Capital Group Co Ltd, said that the growth rate of yuan funds in China has exceeded that of dollar funds because the latter cannot be invested into pre-float financing and the central government still limits the conversion of foreign currencies in order to contain inflows of hot money.

"In China's fast growing capital market, there is much more demand for yuan funds than dollar funds," said Li.

Morgan Stanley and Hangzhou Industrial & Commercial Trust Co jointly launched a yuan-denominated fund to raise 1.5 billion yuan ($231 million) in mid-May. The foreign financial institution plans to set up more yuan funds in the coming years.

According to research by Zero2IPO Group, an integrated service provider in the China venture capital (VC) and PE industry, foreign PE firms launched seven yuan funds in the first quarter of this year, raising about $3.2 billion.

Before that, Goldman Sachs Group Inc signed an agreement with Beijing Municipal Government to launch a yuan-denominated fund of 5 billion yuan. Carlyle Group, The Blackstone Group LP and TPG Capital have also set up funds in yuan.

However, it will take five to 10 years for the yuan-denominated funds to meet the management standards of mature international VC and PE firms and compete with dollar funds in the global markets, analysts said.

Frank Tang, chief executive officer of Chinese PE firm FountainVest Partners, doesn't think there will be a slowdown in the expansion of China's PE market over the next five years. "The PE industry in China is not overheated. New opportunities may come from investments in small-scale enterprises," he said.

Tang also mentioned some industries that the PE firms in the future may be interested in, including consumer goods, new media and financial services.

China Daily

(China Daily 07/14/2011 page16)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美我不卡 | 欧美一区二区在线视频 | 欧美aaa视频 | 欧美视频 | 中文字幕在线观看的网站 | 日本免费黄色小视频 | 日本片网址 | 国产激情视频在线播放 | 亚洲经典在线观看 | 亚洲看片网站 | 韩日精品视频 | 美女天堂网 | 久久精品国产成人av | 欧美一级片在线观看 | 欧美精品福利 | 欧美一级片免费 | 97视频在线免费观看 | 色视频在线播放 | 欧洲黄色网址 | 婷婷在线看 | 日韩视频专区 | 美女网站视频色 | 色图av| 亚洲一区二区精品在线观看 | 香蕉综合网 | 成人免费毛片果冻 | 亚洲天堂欧美 | 欧美性大战久久久 | 日本欧美国产在线 | 国产免费一区二区三区最新不卡 | 永久免费看片视频教学 | 思思久久久 | 免费成人在线观看视频 | 精品国产专区 | 黄色a免费 | 日韩一级片在线免费观看 | 国产精品成人久久久久 | www久久com | 免费天堂av| 69色综合 | 色女孩综合 |