24.03.2011 - Chinese private equity firms take market share, McKinsey says
The $300 billion CIC, the nationís sovereign wealth fund, will seek more money from the government to expand investments, Executive Vice President Jesse Wang said Jan. 15. The 856.8 billion yuan ($131 billion) National Social Security Fund, whose assets grew 10 percent last year, will expand private equity investments that currently total 12.7 billion yuan, it said on Mar. 16. With the exceptions of the State Administration of Foreign Exchange and China Investment Corp., other Chinese investors in private equity will likely focus on domestic funds in the next few years, making them the main beneficiaries of capital inflows, Roy said. .............................................Full Article: Source
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