Yuan funds 'to dominate' China's PE, VC markets

Yuan-denominated funds will continue to be the dominant players in China's private equity and venture capital markets, while finding new ways to profit from their investments, accounting firm PricewaterhouseCoopers LLP said on Wednesday.

There were 252 VC funds launched last year in China, of which 93.7 percent were yuan-denominated with financing equivalent to $9.3 billion.

Of the 369 PE funds established last year, 95.9 percent were yuan-denominated with financing equivalent to $25.3 billion, according to a PwC report.