By Zhang Ran (China Daily)
Updated: 2007-07-24 11:47

A: 3i's own transparency and corporate governance levels are enhanced due to it being listed as a public company. The greatest advantage from an investee's point of view is that 3i's capital is largely perpetual (3i's own money) and therefore stable, flexible and in no hurry to exit. On the other hand, the vast majority of large funds in Europe and the United States are raised through limited partnerships with a limited life span.

Q: As the traditional red chip-plus-overseas-listing model through which most foreign private equity firms exit has become difficult, many private equity firms are trying an exit model on the A-share market. Does 3i have any plans to do this?

A: Yes we are helping one of our investments to explore this and are looking to invest in joint venture companies which could go for an A-share listing in the future. We strongly support the development of China's local capital markets as this provides greater choice for businesses.

Q: How many people cover 3i's investment projects in China?

A: Currently there are 15 professionals based in Beijing, Shanghai and Hong Kong who source and execute investment opportunities in China, three of which focus on cross-border promotion, value-adding and developing our People network.

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