Private equity in china: challenges and opportunities (hardback)
Challenges and Opportunities
Wiley Finance Series

Praise for Private Equity in China

"During my thirty years of involvement with Asia, I have come to know and admire Yong Kwek Ping for his extraordinary knowledge about the Chinese financial world. This book provides unique insights on what is going on in the world of private equity in the second largest economy on the planet. Yong Kwek Ping is giving us an elegant new book, well balanced, judicious, and brilliantly clear in his judgment. His unique combination of practical experience and academic insights bring us a new level of understanding of the nature of private equity in China. Tautly written, this book is a new landmark, a work of great lucidity. An absolute must-read."*Dr. Dominique Turpin, President and The Nestl?e Professor, IMD

"Attracted by the strong growth of the Chinese economy and superlative returns of the private equity investments in China made in the last decade, many businesses and people (both foreign and local) are rushing into private equity in China without a deep understanding of the sector. This book, written by a veteran practitioner, provides a thorough overview of the private equity landscape, market trends, challenges, and opportunities. With numerous real-life cases in each chapter, Kwek Ping also succeeds in demystifying private equity in China. A must-read for anyone interested to learn about private equity or doing business in China!"*Chee-Yann Wong, Investment Principal, Actis"s Beijing office

"An important compendium, demonstrating the author"s deep and adequate knowledge within the intricacies of perhaps this century"s most important arena for investments and disinvestments. The research base is outstanding-a remarkable and indispensible resource for anyone already involved, and anyone who wants to become involved, with the future world champion in economic activity."
*Tom Preststulen, Managing Partner, Elkem, a China National BlueStar company

"The Chinese private equity industry is in some respects similar to its Western counterparts, but, in others, more complex and quite different. This timely book takes a detailed view of the Chinese market and how it does, and does not, resemble private equity elsewhere."*Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School

"The China private equity industry is at its nascent stage and it is evolving so quickly with huge potential untapped. This is the first book to give insights into the industry from a practitioner"s point of views with concrete examples and illustrations. It is also a pioneering book which covers Chinese RMB funds, and explains in detail the major differences of private equity investment in China to how private equity is done by its western counterparts."*David Schmittlein, John C Head II Dean, MIT Sloan School of Management

II. China: An Overview of the Political and Business Environment
1. China&rsquo,s Political Environment
2. China&rsquo,s Macroeconomic Trends
3. China&rsquo,s Financial Markets

III. China Private Equity Market
1. Overview of China Private Equity Industry Landscape
2. Key Milestones of Private Equity Industry in China
3. Key Market Trends and Development
4. Regulatory Framework in China
5. Private Equity Funds in China
6. Private Equity Investment Structure in China
7. Leveraged Buyouts
8. Valuation Adjustment Matrix
9. Exit Strategies for Private Equity Investment in China
10. Challenges of Doing Private Equity in China
11. Benefits of Private Equity for China

IV. The Renminbi Private Equity Fund
1. Introduction and Overview
2. Drivers of the RMB Fund
3. Challenges and Opportunities for FOPE &ndash, RMB Funds
4. Full Convertibility of RMB &ndash,
5. PE Professionals for RMB Fund

V. The Opportunities and Future of PE in China
1. The Opportunities
2. China&rsquo,s Energy Security and Opportunities
3. Trends in the Oil and Gas Sector
4. The Future

YONG KWEK PING has more than ten years of private equity investment experience in China. Kwek Ping started his first USD private equity China-focused growth fund in 2001 and has since made more than thirty investments in different cities in China across various industries, including manufacturing, mining, energy, food and beverage, and the retail sector. Kwek Ping has also planned and executed many successful exits through trade sales and pre-IPO transactions. Kwek Ping launched his first Chinese RMB private equity growth fund in 2010 with a total of USD and RMB fund size of more than US$3.0 billion under management. Kwek Ping's track record is well recognized, and he is frequently invited to speak at many international conferences and summits. Kwek Ping also teaches private equity courses at the Singapore Management University and is a Senior Fellow of the Wharton School, University of Pennsylvania, USA.