Held in Beijing in December, the event brought together over 500 delegates including leading private equity industry players, government officials and regulators under the theme of the ‘New Normal’ which translates to a Chinese government policy of lower but sustainable growth.
Private Equity in China is in its relative infancy compared to the US and Europe. Speakers at the Forum were frank about the need for reforms to allow innovation and promote competition in a financial services sector currently dominated by State Owned Enterprises (SOEs).
Mark Huntley, who was also interviewed on the national CCTV television channel said: “Having been involved in investment in China over a number of years this is a particularly interesting phase in China’s private equity industry. Guernsey has recently entered into a number of agreements and Memoranda of Understanding with various bodies in China and is ideally placed to forge a long standing relationship with the private equity industry in China. Our business in Malta is also well placed to service Chinese business as Malta has key approvals in place with the Chinese regulatory authorities.”
“We can provide an important role as a trusted and well regulated platform for Chinese managers diversifying their investments. We can also provide and share our experience to develop opportunities in China as the financing models develop in a changing economic model, the so-called ‘New Normal’.”
Heritage is currently actively engaged on new Guernsey domiciled investment funds investing into China with private equity and real estate funds and is also working with Chinese fund managers developing fund and investment projects to tap into opportunities in Europe.
To view Mark on the CCTV video report, please click on this link.