BEIJING -- Uncertainty in the Chinese property market has sent prices falling, but Fang Fenglei, popularly known as China's "first investment banker," believes the market is turning a corner and starting to stabilize.
Fang, chairman of private equity group Hopu Investment Management, has long played a role in large acquisitions and the listings of big Chinese companies. For more than 20 years, he worked with Goldman Sachs to build its business and win deals in China, but following the lifting of limits on foreign investment, the bank bought out Fang's stake in their joint venture in October.
