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Michelle Phillips

A case involving a portfolio company's records and PRC state secrets should make private equity more cautious with accounting practices in China.
Asia is the most attractive market for LPs worldwide, and a majority of LPs believe fund terms will continue moving in their favour, according to a CEPRES survey.
Shanghai intends to launch an RMB reincarnation of the misunderstood QFLP program, aiming to bring offshore RMB back into China.
Business corruption has been increasing in Asia since the economic downturn, but private equity may act as a catalyst for changing attitudes.
The Chinese regulator will allow mutual funds to invest in RMB-denominated private equity vehicles from as early as next week.
A draft law from the China Securities Regulatory Commission proposes to place private equity and private funds in similar regulatory categories.
LPs independently co-investing alongside GPs is increasingly common in China.
As private equity in Asia matures, more country-specific funds are expected to emerge as part of a larger trend of localisation and specialisation.
The People’s Bank of China has taken steps to allow domestic private equity greater access to social financing.
An IPO scandal has pressured China regulators to tighten rules on IPOs, pushing PE and VC to consider other exit strategies.
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