Debate on the relative advantages and use of dollar and RMB funds in China as latter overtakes former in fundraising.
Local currency venture capital funds in China now surpass those raised in dollars for the first time.
Gavin Ni, president of conference organizer Zero2IPO, said at its 10th China Venture Capital and Private Equity Annual Forum that in the past few years there had been a shift to RMB-denominated onshore funds from foreign-currency and offshore funds.
However, there remains debate on the relative advantages and use of the different funds as some firms have both offshore or dollar…
