China’s capital markets set for ‘renewed growth for many years to come’ after Beijing’s rescue actions: investors

Consumer sentiment and business confidence will pick up now that China has introduced a series of “pragmatic” measures to revive the property and capital markets with a view to aiding its economic recovery, according to private-equity investors.

“As the Chinese government introduced more pragmatic measures to deal with the housing crisis and also the ongoing efforts to improve the regulatory policy framework, consumer sentiment, especially business entrepreneurial confidence, will likely continue to pick up from this point,” Fred Hu, founder of private-equity firm Primavera Capital Group, said on Monday at the Greater China Private Equity Summit in Hong Kong.

Source: TRADE FINANCE