China's private equity (PE) and venture capital (VC) market continued to slump in the third quarter of 2016, according to a report released by ChinaVenture.
A total of 195 private equity and venture capital funds were established in China in the third quarter, aiming to raise as much as 71.266 billion U.S. dollars in total, registering a quarter-on-quarter decrease of 45.83 percent and 52.12 percent respectively.
Of the total, 189 batches of funds belonged to RMB-denominated ones and the rest 6 were U.S. dollar-denominated. Meanwhile, 126 private equity and venture capital funds have finished fundraising and altogether raised 30.005 billion U.S. dollars.
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