Mainland remains popular with PE, VC firms

BEIJING - Though the Chinese venture capital (VC) and private equity (PE) industries are undergoing adjustments after a phase of rapid development, many global investment institutions are choosing China as a major investment destination for their new funds.

Last month, six Chinese and foreign funds finished new rounds of financing. Five of them announced plans to invest almost $4.3 billion in the Chinese mainland market, up 91.2 percent month-on-month, according to market researcher Zero2IPO Group.

In January, 10 funds were set up, aiming to raise $7 billion, the report said.