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 be very hard for any private investor, be it private equity or multinational or private entrepreneur, to thrive in China in the long term,” said Hu, speaking at the AVCJ Asian Private Equity Venture Forum....
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