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Zhang Yichen, the chairman and CEO of CITIC Capital Holdings Ltd and a member of the 14th Chinese People’s Political Consultative Conference National Committee, has highlighted the crucial role of private equity investment in supporting China’s real economy.
“China’s primary goal for the financial sector is to bolster the real economy,” Zhang said. “Private equity investment is essential for directing funds straight into tangible economic activities.”
According to Zhang, private equity serves as a bridge between capital and enterprises that drive economic growth. By investing in companies across various industries, private equity firms can stimulate innovation, create jobs, and enhance competitiveness.
“Investing directly in businesses not only fuels their development but also contributes to the broader economic landscape,” he explained.
Zhang’s comments come at a time when China is emphasizing the importance of financial mechanisms that support sustainable growth. As the nation seeks to balance economic expansion with stability, private equity is viewed as a vital tool for channeling investments where they are needed most.
He also noted that engaging the private sector is key to unlocking new opportunities, especially in emerging industries and technologies. “Private equity investment can identify and nurture future leaders in innovation,” Zhang added.
His insights underscore the government’s focus on leveraging financial strategies to reinforce the real economy, ensuring that financial resources promote tangible economic benefits for society.
