Uncertainties surrounding China dented private equity confidence in 2016, resulting in a 25.8 percent fall in value of PE deals in Asia Pacific, according to a report by Bain & Company. Despite the fall, 2016 was still the second-best year for Asia Pacific, the firm noted.

Kiki Yang, a partner with Bain, said 2017 started on a strong note and would likely continue despite still-existing macro uncertainties.