Actively participate in global allocation, 87 mainland private equity companies obtained Hong Kong's No. 9 license.

It is becoming a trend for private equity funds to go offshore. Data from the Private Equity Ranking Network shows that as of August 1st, a total of 87 mainland private equity funds have obtained the 9th license issued by the Hong Kong Securities and Futures Commission, and the license is still valid. Among them, private equity funds with assets under management exceeding 5 billion RMB account for more than 40%. It is reported that private equity funds that have obtained the Hong Kong 9th license can establish a Hong Kong asset management subsidiary or affiliate company to directly manage US dollar funds, achieving comprehensive offshore investment and fundraising. Industry insiders say that with the increasing demand for global allocation of Chinese assets, the private equity industry is moving towards standardized development, and the overseas expansion of fund managers will become a medium to long-term trend. In this process, top private equity firms with long-term performance accumulation and sound compliance and risk control systems have greater advantages in going offshore, while small and medium-sized private equity firms need to further enhance their institutionalization and professionalism.