Currently, private enterprises are subject to many discriminatory practices, including poor access to bank loans and lack of legal protection.

CNN: A New, Slimmer Government

Up to now, financing of China outbound deals have been dominated by cash-rich players, including private equity and sovereign wealth giants in addition to state-owned Enterprises.

FORBES: Where China Goes, Banks Will Follow

While the majority of his fortune comes from Xiaomi, he also owns minority stakes in a number of Chinese online enterprises, including Hong Kong-listed anti-virus firm Kingsoft, private e-commerce companies Vancl and Lakala, mobile browser provider UC Web, and YY, which hit the Nasdaq exchange last Wednesday.

FORBES: Chinese Billionaire Lei Jun Sees Hundred-fold Return After YY IPO