Credit crunch seen creating openings for PE, VC firms

China's credit crunch may create opportunities for private equity firms, while fundraising activities will see some challenges, according to PE industry insiders.

China's central bank has indicated that its credit-tightening policy will continue, reflecting the top policymakers' increasing tolerance for slower growth.

Frankie Fang, China managing director of LGT Capital Partner, told China Daily that in the near term a lot of companies will be revalued due to China's slowing economy and reduced access to bank loans.