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China private equity industry sees strong growth with $1.6 trillion in assets

Staff Writer | February 14, 2017
China's private equity industry posted strong growth momentum last month, with total assets nearly touching 11 trillion yuan ($1.6 trillion).
Business in China   10.98 trillion yuan under management
Chinese private equity firms have assets totaling 10.98 trillion yuan under management at the end of January, a soar of 740 billion yuan from the end of 2016.

There were around 18,000 officially-registered private equity firms at the end of January, employing more than 280,000 people and managing over 47,500 fund products.

The number of private equity firms with assets of at least 10 billion yuan reached 147 at the end of last month.

The rapid development of private capital industry bodes well for China's small and medium-sized enterprises (SMEs) which often have financing difficulty.