THE WALL STREET JOURNAL

China's homegrown private equity firms are looking for money overseas, in part to diversify their investor base and expand their brands abroad. Moreover, raising money domestically has become tougher amid a slowing economy.

For all but the biggest names, however, winning over Western investors hasn't been easy.

Hao Wu, chief executive of Sino-Century China Private Equity Partners, said the process for Chinese money managers to get overseas money can be "very long" because Western investors aren't familiar with local names.

"We're not like KKR, Carlyle, TPG, Blackstone, who are household names," he said. Shanghai-based Sino-Century started raising a $350 million fund last year, and expects to close it in the first quarter next year.

Domestic-based private equity fund managers raised about $12 billion in dollar-denominated funds in 2011 aimed at Chinese investments, according to data by research firm Preqin.

THE GUARDIAN

Demand for Jaguar Land Rover (JLR) cars in China remains strong after the UK manufacturer posted a 58 percent increase in second-quarter sales in the world's largest car market.

China's interest in luxury British brands has been the subject of investor disquiet in recent months, with shares in retailers Mulberry and Burberry bearing the brunt, but Asian appetite for JLR products appears undimmed.

JLR's chief executive, Ralf Speth, said the company had seen "strong sales across all our key markets." China is JLR's third largest market, behind the US and the UK, with the latter also posting a strong performance. JLR's Chinese sales growth was slower than the previous quarter, however, when it posted an increase of 86 percent for the three months to the end of June - a sales spurt that JLR attributed in part to the launch of the Evoque in China.