Private Equity In China

Author : Kwek Ping Yong
Publisher : John Wiley & Sons
Page : 326 pages
File Size : 41,6 Mb
Release : 2012-01-12
Category : Business & Economics
ISBN : 9780470826546

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Private Equity in China by Kwek Ping Yong Pdf

Learn valuable lessons from the newly successful private equity players in China and explore the challenges and opportunities offered in Chinese markets The first book to deal with private equity finance in China, Private Equity in China: Challenges and Opportunities provides much-needed guidance on an investment concept that has so far proved elusive in Asia. Focusing on the opportunities that the Chinese finance market offers to private equity firms, the book shows how these firms can strategically position themselves in order to maximize success in this new marketplace. Private Equity in China includes in-depth case studies illustrating both successful and failed ventures by private equity firms operating in China, outlining the challenges faced by private equity firms in setting up new funds. It contains a collection of valuable experience and insights about acquiring companies and turning them around essential for any firm currently operating in, or considering entering, the Chinese market. Discusses the challenges faced by private equity firms in China including setting up the initial fund, fund raising, deal sourcing, deal execution, and monitoring and exit strategies Provides key insights drawn from keen observations and knowledge of the more mature private equity market in Western countries, analyzing the way forward for the Chinese private equity industry Discusses the role of renminbi-denominated funds in the development of the private equity industry in China Breaking new ground in exploring and explaining the private equity market in China, the book offers incredible new insight into how equity companies can thrive in the Chinese marketplace.

Author : Johannes Gmeiner
Publisher : GRIN Verlag
Page : 30 pages
File Size : 49,7 Mb
Release : 2018-09-04
Category : Business & Economics
ISBN : 9783668790193

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Private Equity in China. The struggle for China's private equity market supremacy between foreign and domestic market participants by Johannes Gmeiner Pdf

Seminar paper from the year 2016 in the subject Economics - International Economic Relations, grade: 1,3, University of Würzburg, language: English, abstract: 2014 has been a year for the record books concerning private equity. Global investment exits through initial public offerings accumulated two trillion US dollar and about 500 billion US dollar have been collected in private equity funds for future investments. These impressive numbers show how important private equity has become in the international financial sector and China has evolved to one of the biggest private equity markets in the world. This raises the question of who is in power in the Chinese market? Giants like Goldman Sachs, Blackstone or Carlyle dominate the international market. So how are the domestic Chinese private equity firms doing? When China first heard of private equity in the early-1990s, it was already one of the biggest investment markets in the West, mainly in America. Hence, American companies had nearly no competitors in China and made fortunes in this recently opened market. Nevertheless, domestic firms developed quickly and challenged foreign companies to a duel. This paper will be divided into two parts, firstly it will show the development of Chinese and foreign private equity companies and their shares on the Chinese market. The second part then will try to give an impression on possible reasons for the mentioned development. There won’t be any further explanations about private equity given in this paper, only if they are needed for deeper understanding of the context. However specific knowledge about private equity will not be needed since it won’t discuss specific features of it in detail. The aim of this paper is to answer the questions about how the market developed and the possible reasons for this.

Author : Bin Xia,Changyun Wang,Ye'an Zhou,Vivien Lee,Glenn Griffith
Publisher : Enrich Professional Publishing
Page : 0 pages
File Size : 40,9 Mb
Release : 2014
Category : China
ISBN : 1623200075

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Private Equity Funds in China by Bin Xia,Changyun Wang,Ye'an Zhou,Vivien Lee,Glenn Griffith Pdf

Private Equity Funds in China serves as the definitive resource on understanding and navigating China's private funds market, explains the ups-and-downs of China's private funds market, and reveals; The inner workings of China's private securities and non-securities investment funds. The intricacies of China's "sunshine" private funds. The progression of China's venture capital funds. With comprehensive data and statistics, as well as inside information, Chief Editor Xia Bin, the Counselor of the State Council, presents policy recommendations which could potentially change China's equity funds sector, and even the asset management market.

Author : J. Robertson
Publisher : Springer
Page : 105 pages
File Size : 53,9 Mb
Release : 2015-04-21
Category : Political Science
ISBN : 9781137514028

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Localizing Global Finance: The Rise of Western-Style Private Equity in China by J. Robertson Pdf

Localizing Global Finance illustrates that private equity has become a more significant component of China's economy based on a pattern of new domestic elites importing and implementing a largely Western financial model.

Author : Pengcheng Song
Publisher : Springer Science & Business
Page : 80 pages
File Size : 42,9 Mb
Release : 2014-04-21
Category : Business & Economics
ISBN : 9783642550935

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Private Placement of Public Equity in China by Pengcheng Song Pdf

By retrieving entries from the financial-data vendor Wind and collecting relevant data from private placement statements, the author builds a proprietary database and studies five aspects of private placement in China. He examines which listed firms are more likely to choose private placement over SEO in refinancing; he looks into the controlling shareholder’s decision on whether or not to purchase privately placed shares; he investigates how the offer discount is determined; he calculates announcement periods for abnormal returns on private placements. Where the abnormal return is significantly positive, he documents positive long-run abnormal return on private offerings and evidence supporting the under-reaction hypothesis. Finally, he concludes that the largest shareholders tunnel by means of excess discounts from which they benefit but which is harmful to other shareholders.

Author : Zhou Ye'an,Xia Bin,Yunwang Zhang
Publisher : Unknown
Page : 200 pages
File Size : 43,9 Mb
Release : 2014
Category : Private equity funds
ISBN : 146194824X

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Private Equity Funds in China by Zhou Ye'an,Xia Bin,Yunwang Zhang Pdf

Author : Chi Zhang
Publisher : Routledge
Page : 141 pages
File Size : 46,8 Mb
Release : 2019-03-19
Category : Law
ISBN : 9780429603242

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Legal Protection of Private Equity Investors in China by Chi Zhang Pdf

This monograph aims to provide an in-depth analysis of the legal protection of the private equity (PE) investors in China. In an academic sense, this research mainly focuses on the agency problems in the life cycle of PE investment under the business organization law system in China. Briefly speaking, the agency problems of PE investment derive from the two-level separation of ownership and control, one of which is the principal–agent relationship between the PE investors and the fund manager, and the other is the principal–agent relationship between the PE shareholders and the management of investee companies. It is the first research to provide an in-depth examination on the investor protection in the PE investment under the business organization law system in China.

Author : Ruihui Xu,Dawei Zhao
Publisher : Springer Nature
Page : 196 pages
File Size : 55,7 Mb
Release : 2023-12-29
Category : Business & Economics
ISBN : 9789819984824

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Digital Transformation of Private Equity in China by Ruihui Xu,Dawei Zhao Pdf

This book studies and discusses the current situation and development trend of technology application in the private equity industry of China. This book provides answers to the following questions that are critical concerns of the industry. For applications of technologies in enhancing financial service quality and efficiency, how to introduce digital technologies into the business innovation and operation management process of the private equity industry? How can digital technology be used to promote the comprehensive digital transformation of the private equity industry? For regulation of the private equity industry, how to utilize digital technology to improve the regulatory means and tools of the private equity industry. How to use digital technology to prevent the risk of the private equity industry? The answers to the questions have theoretical significance and practical value for healthy development and supervision of private equity industry in China. China’s private equity industry has made significant progress and attained remarkable achievements after more than 30 years of development, especially with the advancement of China’s capital market reform. This book provides an overview of the private equity industry and a study of digital technology applications such as the Internet, big data, artificial intelligence, and blockchain. It is a valuable reference for researchers and practitioners in related fields, and it also sheds light on technology applications for practitioners and financial regulators in the private equity industry in China.

Author : Jeffrey L. J. Sheng
Publisher : Unknown
Page : 312 pages
File Size : 45,5 Mb
Release : 2003
Category : Investment, Foreign
ISBN : UCSD:31822033692872

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Investment in China by Jeffrey L. J. Sheng Pdf

责任者中文名为:盛立军、李宝春、缪家文。

Author : Lin Lin
Publisher : Springer
Page : 200 pages
File Size : 40,7 Mb
Release : 2016-03-08
Category : Law
ISBN : 3642342590

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The Limited Partnership in China by Lin Lin Pdf

This book provides an in-depth legal examination of limited partnership in the context of China’s venture capital and private equity market. It aims to provide an authoritative and timely evaluation of the Chinese partnership law and limited partnership regime and will be a valuable tool for practitioners who need a readily available source of information on Chinese partnership law and those who wish to understand how the Chinese partnership regime operates and functions. The book explains the essential characteristics of Chinese partnership law and Chinese limited partnership, highlighting difficult and developing areas by examining relevant legislation and recent cases. In addition to Chinese authorities, it also covers legislation and cases from overseas jurisdictions, such as the UK and the US. New developments such as the amendments to the PRC Partnership Enterprise Law 2007, new legislation and regulations on foreign partnerships and private equity funds are also covered. The book explains the essential areas of Chinese limited partnership such as management and control, duties and liabilities of partners, remedies for limited partners, dissolution, liquidation and taxation. Based on thorough comparative and empirical studies, the book examines existing and potential legal problems under the current law and offers key proposals for practitioners and lawmakers. The empirical problems identified in the book may also guide subsequent discussion and legislation on the limited partnership model and the ongoing debate on new business vehicles. ​

Author : Simon Luk
Publisher : Unknown
Page : 376 pages
File Size : 51,8 Mb
Release : 2019
Category : Private equity
ISBN : 9888600931

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Private Equity in Hong Kong and China by Simon Luk Pdf

Author : Kwek Ping Yong
Publisher : John Wiley & Sons
Page : 266 pages
File Size : 52,5 Mb
Release : 2013-08-22
Category : Business & Economics
ISBN : 9781118469057

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Due Diligence in China by Kwek Ping Yong Pdf

A plain-English guide that demystifies the business landscape in China from a due diligence point of view Due diligence is crucial to any business deal, and, thankfully, due diligence research has come a long way over the years. What used to be a cumbersome, time-consuming process has been standardized and systemized with generally accepted auditing frameworks and tools, such as the all-important auditing "checklists." But when it comes to doing due diligence in China, with its opaque regulatory system and byzantine accounting standards, all bets are off. In this book an acknowledged expert in the field takes you beyond the checklists to arm you with China-specific due diligence strategies, tools and techniques that go beyond what is typically part of the process. Gives a detailed account of why conventional frameworks used in the west simply don't work in China Provides first-hand accounts based on the author's years of experience as a private equity professional doing deals in China Reviews, in-depth, the unique differences between corporations and businesses in China and those in the West and their implications for the due diligence process Uses numerous case studies to guide the reader through an entire due diligence process for a firm in China

Author : Executive Director Bin Xia
Publisher : Unknown
Page : 389 pages
File Size : 50,5 Mb
Release : 2014-05-14
Category : China
ISBN : 1623200555

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The Private Equity Funds in China: A 20-Year Overview by Executive Director Bin Xia Pdf

Vol.1 studies the diversification of China's asset management industry; and analyzes the private securities funds and private equity funds in China; finally, the book covers the development of China's private funds and the exploration of "Sunshine" private funds. Vol.2 explains the regulatory systems of China's private funds; and also China's private equity investment enterprises; additionally, the book presents the structure and performance of China's private equity funds and its non-securities private investment funds

Author : Neil F. Gregory,Stoyan Tenev,Dileep M. Wagle
Publisher : World Bank Publications
Page : 94 pages
File Size : 45,8 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 0821348493

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China's Emerging Private Enterprises by Neil F. Gregory,Stoyan Tenev,Dileep M. Wagle Pdf

This report aims to take stock of the domestic private sector in China which has emerged over the past twenty years. It is based on surveys and interviews carried out in four locations in China where private sector development is relatively advanced. These studies were supplemented by discussions with entrepreneurs, industry associations, and government officials. The report focuses on three main themes: the structure of private enterprises, the enabling environment for their development and, access to financing. For each of these areas, the report presents an analysis of constraints on private sector development and outlines an agenda for addressing these constraints. The report recommends that, in order to encourage continuing private sector growth, the government should create a level playing field for all enterprises by intervening less and focusing on improved commercial legislation and more open markets. Financial institutions must develop to serve the private sector, and private enterprises need to mature and improve their corporate governance, in order to derive the most benefit from improvements in the business environment.

Author : Weijian Shan
Publisher : John Wiley & Sons
Page : 343 pages
File Size : 46,9 Mb
Release : 2023-02-07
Category : Business & Economics
ISBN : 9781394161201

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Money Machine by Weijian Shan Pdf

An extraordinary tale of an American firm’s astounding success in China In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated. Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China’s capital system and how private equity firms can add real value to companies. Readers will also find: A peek behind the curtain of a process usually shrouded in secrecy: private equity dealmaking and moneymaking The complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes The riveting details of the challenges that had to be overcome to return the bank to growth and profitability An exceptional firsthand account of truly singular deal-making and money-making, Money Machine will be of interest to investment bankers, investors, financial analysts and anyone who appreciates a suspenseful, true-life story.