(Yicai Global) Oct. 18 -- Leading global investment firm Bain Capital Private Equity is confident about long-term investments in China, according to the co-head of its Asia PE business.

“We believe the Chinese market will become more vibrant and competitive in the years to come,” Jonathan Zhu told Yicai Global in an interview.

Zhu pointed out that the political report to the 20th National Congress of the Communist Party of China determined that “China must bring the decisive resource allocation role of the market into full play” and “unswervingly encourage, support, and guide the development of the non-public sector of the economy.”

That is an encouraging message for foreign investment institutions and engenders confidence about long-term investments in the country, he said.

“China remains a great power with the highest-quality growth worldwide, so Bain Capital will stick to its investment strategy and use its professional competence to help Chinese companies grow stronger and go international with high-level development,” Zhu said.

Boston-based Bain Capital invests widely in many sectors of the Chinese economy, including industry, advanced manufacturing, health care and life sciences, consumption and retail, digital infrastructure in the new economy, and financial business services, according to Zhu.

“All investors are happy to see high-quality development,” he said. “I hope that in the new progress pattern, each and every Chinese firm that we invest in will find a path which suits them best for high-quality development.

“We were able to find some promising investment projects despite high valuations in the past several years and have helped the companies we invest in improve their operating capacity and seize opportunities to grow and greatly enhance their value,” Zhu added.

Editors: Tang Shihua, Futura Costaglione