Marking to market at 26x 

• Recent data give global managers a new benchmark to revalue their onshore interests.
• Among those in the higher tiers, China investments have increased in value at a significant clip.
• Multiples for future deals are likely to vary, but the sheer scale of the opportunity will remain constant.

Please note that full versions of our China Alerts are for clients only, if you would like more information about a subscription please contact us:

Tel: (+86 21) 6075 – 8163 Email: [email protected]

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