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Private Equity in China: Differences and Similarities With the Western Model
Garry D. Bruton, Maneksh Dattani, Michael Fung, Clement Chow and David Ahlstrom
The Journal of Private Equity
Vol. 2, No. 2 (Winter 1999), pp. 7-13
Published by: Euromoney Institutional Investor PLC
Stable URL: http://www.jstor.org/stable/43503208
Page Count: 7
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Private equity in the U.S. and Europe has been studied widely, but the industry has been largely ignored in Asia despite the fact that last year alone over $8 billion in new capital was raised for investment in the region. The absence of prior examination is perhaps most surprising in that the Chinese market has one of the world's fastest growing economies and holds approximately onequarter of the world's population. Private equity in China has some similarities yet many differences from that in mature markets such as the U.S. This article details the historical development of private equity in the Chinese market, explores the differences between private equity investments in China versus mature markets, and suggests the future direction of private equity in China.
The Journal of Private Equity © 1999 Euromoney Institutional Investor PLC