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China VC, PE market capacity expected to top RMB2 trillion by 2020

China’s venture capital (VC) and private equity (PE) market is expected to have a total capacity in excess of 2 trillion yuan by 2020, according to  Xu Xiaolin, general manager of CCB International Wealth Management.

Private equity investment fared well in China in the past decade, however, most of the VC and PE firms are foreign funded.

As China gradually opens the PE sector to more institutions such as state-owned enterprises, pension funds and commercial banks, the PE sector will have more sources of funding and RMB-denominated funds will take up a dominant position, Xu noted.

Fundraising by RMB funds exceeded that of foreign-currency funds for the first time last year. CCB International Wealth Management – a subsidiary of CCB International, a wholly owned investment bank of the China Construction Bank in Hong Kong has launched six RMB funds – Xu said.

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