Utilize the input text as a context reference, choose the right relationship between resume and private from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

If and when IPOs resume in China, debutants could get better treatment on the domestic market then they do overseas, said Mingchen Xia, a principal in Hong Kong for private equity asset management firm Hamilton Lane Advisors LLC.

Answer: owned_by