Private equity welcomes China reform plan

Promises of less bureaucracy, land reform and free trade zones in China got a thumbs up from private equity professionals at a conference in Hong Kong.

Private equity welcomes China reform plan

Private equity professionals said on Wednesday that the Chinese government's plans for reforms will help smooth the way for more deal-making in China.

Fred Hu, chairman and founder of Primavera Capital Group, said he had grown worried over the past few years about China’s state-capitalist economic model, where the government remained the main driving force, dictating how and where resources were allocated.

“If that model had continued then I think it would...

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