Investors

Mixed signals, hopes high

Chinese regulators appear to be toying with the emotions of private equity firms through a mixture of pronouncements - some interpreted as good, some bad, others virtually impossible to interpret in the first place. On the whole, though, things seem to be moving in the right direction for general partners. Andy Thomson reports.

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“Managers will start to think ‘I can prosper on stock options if I do a good job’. Even if nothing else is added to the regulatory petri dish, this alone greatly increases the likelihood that over the next five years there will evolve a vast new class of management entrepreneurs in China that is private equity-ready.”