Story perspectives

China's Private Equity Sees Record $11 Billion Surge

8/21/2025

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Summary

Story summary

Secondary trades of private equity assets in China are rising, with major divestments anticipated from Canada's CDPQ and CDH Investments.
In H1 2025, secondary trades hit a record 77.3 billion yuan ($11 billion), an 89% increase year-on-year.
Investors are drawn to discounts of 40%-50% on quality Chinese assets, versus 10%-20% for U.S. assets.
Enhanced market sentiment and lower geopolitical tensions are boosting private equity investments in China.

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Story summary

Secondary trades of private equity assets in China are rising, with major divestments anticipated from Canada's CDPQ and CDH Investments.
In H1 2025, secondary trades hit a record 77.3 billion yuan ($11 billion), an 89% increase year-on-year.
Investors are drawn to discounts of 40%-50% on quality Chinese assets, versus 10%-20% for U.S. assets.
Enhanced market sentiment and lower geopolitical tensions are boosting private equity investments in China.