GPs eye carve-outs from Chinese SOEs
Private equity investors expect divestments of domestic and overseas businesses by Chinese state-owned enterprises (SOEs) to become more prevalent as result of the government's sweeping efforts to reduce corporate debt levels, the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia Forum heard.
SOEs, which account for roughly one-third of the economy and dominate key industrial sectors, have long received preferential support from central and local governments, including favorable financing...
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