Blackstone Group LP and TPG Capital are among global firms losing their position as preferred investors in China, the world's second-biggest private-equity market.
Investments by Chinese companies rose to $7.8 billion last year, exceeding for the first time the $7.4 billion poured in by US and other foreign funds, according to the Asian Venture Capital Journal.
China is stepping up efforts to develop home-grown firms, and individuals and institutions are pumping money into a market that favors the yuan over the dollar.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
