Anchor: China's private-equity industry is seeing a fund-raising bonanza while elsewhere in the world has found fund raising for private-equity funds down considerably from three years ago.

The latest incentive introduced into the industry are new rules set out by China's insurance regulator, which allow insurers to allocate as much as 5% of their assets to private-equity investments. That is equivalent to nearly 30 billion US dollars at the end of June.

So what has bolstered the growing market of private equity in China for the past few years? And what opportunities does the booming market offer to both investors and private-equity players? We are now joined by Andrew Peaple, Columnist of Heard on the Street with Wall Street Journal in Beijing.

1 What has fueled the growth of China's private equity market in recent years? And what is the performance of the industry?

2 What opportunities does the booming private equity market offer to both investors and private-equity players? And what are needed to build up a mature private equity market in China?

3 How will development of private equity contribute shape the overall economy?