日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

TPG gives positive outlook on investment in China

By Cai Xiao in Hong Kong (China Daily) Updated: 2012-09-27 10:01

As the price of Chinese companies drops, the global private equity firm TPG Capital has grown increasingly positive about investment opportunities in the country.

According to David Bonderman, founding partner of TPG, economic conditions in Asia are stronger than in the rest of the world and the valuations of Chinese companies before IPO have become increasingly attractive compared with 2010 and 2011.

The company is interested in investment opportunities in Sichuan province, he said on Wednesday.

This follows a first close in February of its two China funds, the TPG Shanghai RMB Fund, backed by the Shanghai municipal government and the Pudong New Area government and the TPG Western China Growth Partners I fund, supported by the Chongqing municipal financial services office and Chongqing Lianjiang New Area Development and Investment Group.

Both funds launched in August 2010 and are joint ventures with local governments, but of the 4 billion ($635 million) raised in the funds, 90 percent came from private investors rather than government-linked entities.

TPG, which manages about $51.5 billion in assets, has investments in a number of Chinese companies, including China International Capital Corp, Li Ning Co Ltd and Shenzhen Development Bank.

While Bonderman is optimistic about investment opportunities in China and has considerable experience of investing in the country, he remains cautious. "Investing in emerging markets today demands that you are ready to deal with the unexpected," he said.

His caution may be reflected in a slowdown in Chinese companies going public. Weak economic conditions and accounting scandals among some US-listed Chinese companies have meant that just 24 Chinese companies went public overseas in the first half of this year, down almost 50 percent year-on-year, according to data from the Beijing-based Zero2IPO Research Center

In total, 104 Chinese enterprises listed on Chinese mainland stock exchanges in the first half of the year, compared with 167 that held IPOs at home in the same period last year.

Hong Hao, managing director and chief strategist at BOCOM International Holdings Co Ltd, wrote in his July report that market sentiment was cautious.

"With banks continuing to be de-rated it is difficult to see a recovery in market valuations, especially at a time when liquidity remains tight," he said.

caixiao@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产三区视频 | 日韩大片在线 | 超碰2021 | 国产在线观看av | 岛国av免费 | 国产精品第九页 | 日韩在线三区 | 国产亚洲精品精品精品 | 天堂成人国产精品一区 | 欧美亚洲视频在线观看 | 国产自产在线 | 激情丁香婷婷 | 神马午夜嘿嘿 | 五月婷婷激情在线 | 视频在线一区二区 | 99精品国产一区二区 | 四虎网站最新网址 | 国产一区二区三区在线免费观看 | 夜夜爽影院 | 国产日韩在线播放 | 在线观看亚洲专区 | 色综合视频网 | 精品美女久久 | 日日插日日操 | 亚洲精品视频观看 | 国产极品在线播放 | 在线看污片 | 欧美亚洲高清 | 日本在线播放一区 | 国产视频二 | 久久午夜片 | www.四虎在线 | 国产成人av一区二区三区 | 中文字幕永久在线 | 欧美五十路 | 91视频精品 | 自拍偷拍亚洲天堂 | 久久精品99国产国产精 | 最新日韩在线 | 六月婷婷久久 | 91亚洲视频在线观看 |