中国PE梦想者

China’s emerging Private Equity Fund sector

私人股权投资(PE)正在成为中国这一代企业家们的新舞台,他们能在中国创造第一流的PE品牌吗?他们的变化将给中国的产业经济和金融服务市场带来怎样的冲击?他们中间是否隐藏着中国未来的投资领袖?

As the global private equity funds flood into China for merger and acquisition opportunities, a number of domestic entrepreneurs are becoming the pioneering founders of China's private equity funds. The list for these entrepreneurs include Wu Shangzhi (Dinghui Fund), Zhao Linghuan (Hongyi Fund), Li Shan (San Shan Fund), Edward Tian (China Broadband Capital) and Liu Chuanzhi, Chairman of Legend Holding Company. In the private equity fund sector, these entrepreneurs, or former CEOs are not only awarded with hefty salaries and bonus, but also more freedom to realize their own ambitions. These private equity funds have stepped into various areas such as private enterprises, the restructuring of the State-owned enterprises, the reform of State owned banks and the broadband industry. However, the local private equity funds are also facing some China-typical problems like limited financing sources and the lack of investment-exit channels. Statistics show that private equity funds flowing into China reached 2 billion US dollar in 2005, and according to Bloomberg, this figure could rise further to 6 billion this year, boosted by China's robust economic growth and the recent rebound of the stock markets.