RMB private equity funds seen luring Western investors

Foreign asset owners are increasingly looking to allocate money to renminbi-denominated private equity and venture capital funds as they seek to access Chinese assets via locally managed investment vehicles. This appetite is leading foreign fund managers operating in China to request larger quotas under the qualified foreign limited partnership (QFLP) scheme, currently the only investment channel by which foreign investors can access the country's onshore private equity market.  …