Private equity firms in Greater China are exploiting the valuation differentials between China and markets such as the US, as well as between private and public markets.
Chinese asset managers are tipped for 20 new mandates under the national public pension fund reform which is set to be announced soon, while 30% of the investments are expected to be in equity assets.
China Investment Corporation CEO Ding Xuedong has taken on an additional role as head of investment bank CICC. The sovereign wealth fund says he will retain his current function.
China''s premier investment bank has just celebrated its 10th anniversary. CICC has come a long way in its short history but now faces huge competitive challenges.