The 9th HKVCA China Private Equity Summit was held at the Grand Hyatt Hong Kong on June 7, 2010 with a record turnout of over 300 participants. Attendees included private equity practitioners, leading global and local corporates, entrepreneurs and policy makers around the region. During the Summit, speakers noted that for the first time, RMB-denominated fund pool exceeded those denominated in foreign currencies. China is to become one of the main sources of private equity capital with Shanghai, Tianjin, Beijing as the major private equity centers. Speakers cited criteria in selecting GP for Government Fund of Funds as strong management, operating track record in high tech business investment as well as stable teams and organizational structure. During the discussions, it was also noted that the top 5 sectors that attracted the most PE investments were industrial, healthcare, consumer, oil and energy and real estate.