The amount of renminbi denominated funds being raised by private equity firms has jumped by over half this year, following a change in China’s investment laws in March aimed at stimulating foreign investment in the country.

So far this year 18 funds have been marketed to investors with an aggregated value of RMB 85.3bn (€10.2bn), a 67.9% increase on the 12 funds out in the market at the start of 2010 valued at RMB50.8bn, according to data provided by Preqin.