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: 亚洲国产欧美精品 | 国产一二区在线观看 | 日韩在线视频一区 | 一区二区在线视频播放 | 草草国产 | 麻豆国产在线播放 | 色婷婷一区二区 | 中文字幕av一区二区三区谷原希美 | 免费的三级网站 | 一级成人黄色片 | 午夜爱爱爱 | 国产精品成人自拍 | 国产精品秘 | 天天做天天操 | 亚洲第一黄色 | 国产激情视频一区 | 第一福利在线视频 | 国产日韩欧美视频 | 日本黄色录象 | 欧美黄色大片视频 | 欧美日韩v | 香蕉成人av| 岛国av网 | 理论片国产 | 午夜视频在线观看一区二区 | 操欧美女人 | 国产大学生自拍 | caoprom在线| 欧美一区在线视频 | 亚洲天堂8| 精品欧美黑人一区二区三区 | 夫妻自拍偷拍 | 欧美字幕 | 综合天堂 | 国产精品久久久久久久久免费看 | 影音先锋av资源 | 欧美成人免费观看 | 免费能看的黄色网址 | 国产自产21区 | 女人裸体性做爰全过 | 在线欧美亚洲 |