TPG exits a more diversified UT Capital
Property prices in China are inextricably linked to government policy. Vigilant to the emergence of bubbles in different geographies and segments, the authorities are ready with measures to curb price growth, but they must also ensure a sector that contributes so much to GDP doesn’t go into freefall.
It is a difficult balance to strike, confirmed by intermittent market volatility. TPG Capital's priorities on acquiring financial leasing business UT Capital Group in 2008 included improvements to processes...
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