China's private fund industry in 2023: RMB funds fared better than USD; exit challenges fuelled secondary growth

China's private fund industry in 2023: RMB funds fared better than USD; exit challenges fuelled secondary growth

Photo by Eric Prouzet on Unsplash

2023 was a challenging year as tightened liquidity and increased macro risks clouded the 21-trillion-yuan (almost $3 trillion) private fund industry in China. 

Edited by: Joymitra Rai