Sun Zheng, Head of Private Equity Business for KKR Greater China Region: Long-term capital is optimistic about China, and the exit mechanism is key.

In the view of Sun Zheng, partner and head of private equity business in Greater China at KKR, the core of China's high-level opening to the outside world is the absorption of long-term value capital, and stable, predictable, and institutionalized investment exit channels are the key to retaining overseas long-term funds. Sun Zheng judges that the Chinese market will enter a phase of moderate and steady growth, with consumer services, artificial intelligence, and green economy being high-quality tracks with both resilience and policy alignment; at the same time, he predicts that the domestic private equity industry will usher in two major opportunities for new economic growth and industrial consolidation M&A, with the proportion of controlling transactions continuing to increase, and he recommends that small and medium private equity institutions focus on niche tracks and abandon following hot trends. Sun Zheng revealed that KKR will continue to increase its investment and team layout in China, leveraging its fifty years of global M&A experience to continuously explore long-term investment opportunities in the Chinese market.