China: Venturing off the radar

While the global credit squeeze makes large-scale private equity investments tough, China’s burgeoning corporate sector offers rich pickings for smaller funds with local know-how.

Eastern promise Duncan TK Chui, chairman of venture capital fund Sino Katalytics Investment Corporation (SKIC), is a 38-year-old, Cornell-educated former consultant now running a fund from his office in Hong Kong’s raucous Wan Chai district. Although the office sits above a Lexus showroom, his claim that it is “not flashy” is accurate enough: there’s a down-to-earth sensibility on display as Euromoney is led through to his glass-walled office, and when friend and fellow fund manager Hanson Cheah pops in from the adjoining office to join the interview, he’s dressed in jeans, slippers and lime-green shirt.

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