Chinese PE/VC funds woo yuan investors at home as overseas listings dry up

Chinese PE/VC funds woo yuan investors at home as overseas listings dry up

Photo: Eric Prouzet/Unsplash

As Chinese companies’ overseas listings have almost dried up over the past two years, China’s private equity (PE) and venture capital (VC) firms have been forced to turn away from foreign investors with US dollar funding and start courting domestic investors with yuan funding. The transition has been, for many, a cultural shock.