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Bull run drives PE assets
ASSETS under management by private equity funds in China soared 105.3 percent last year amid a bull run in the domestic stock market, according to an industry report yesterday.
At the end of last year, there were 4,153 PE firms which launched 5,300 products during the year, according to a report released by Private Equity Ranking, a web portal that tracks the sector.
Assets under management surged to about 657 billion yuan (US$105 billion) last year, benefiting from the boom in the Shanghai stock market — the world’s best performer, the report said.
The Shanghai Composite Index surged more than 50 percent to 3,234.68 points by the end of 2014. The index ended at a five-year high.
The Chinese mainland remained Asia’s largest spot for PE investment for a seventh straight year in 2014.
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