The performance of China's private equity (PE) funds remained stable by the end of October, and more than 80 percent of nearly 8,000 fund products achieved profits during the period. According to the statistics released by Howbuy, a total of 271 new PE funds were established in China in October, to 33,063.
However, the number of PE funds established in the third quarter witnessed a sharp decline compared over that of the second quarter. Meanwhile, many PE managers have added their positions in medicines and biology industry, followed by property industry. By the end of October, Husen 300 Index surged 10.34 percent compared over that at the end of September to reach 3,534.08 points.
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