PE China

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 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....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222