China's credit crunch may create opportunities for private equity firms, while fundraising activities will see some challenges, according to PE industry insiders.

China's central bank has indicated that its credit-tightening policy will continue, reflecting the top policymakers' increasing tolerance for slower growth.

Frankie Fang, China managing director of LGT Capital Partner, told China Daily that in the near term a lot of companies will be revalued due to China's slowing economy and reduced access to bank loans.