Yuan-based funds end up dominating capital raising, reveals PwC

Yuan-denominated private equity and venture capital funds accounted for over three quarters of the capital raised in the mainland PE and VC markets last year.

Investors actively looked for opportunities in tech industries, according to a new report issued by international accounting firm PricewaterhouseCoopers.

The report said that as China resumed initial public offerings in 2014, the Chinese PE and VC market had gradually recovered with fast-growing renminbi funds becoming a dominant force in 2015 and 2016.