China PE firms eye mutual fund market

  Private equity firms in China have welcomed new rules that will allow them to launch mutual funds, but say it will take time – likely three to five years – and careful consideration before they do so, a recent conference heard in Shenzhen. “Is it feasible for private equity to start a mutual fund business? I think it takes time,” says Wang Qiwen, president of Shenzhen Co-stone Venture Investment Management, speaking at the Private Fund Forum. “Mutual funds and private funds ar…