Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
VC and PE firms wary of mainland
By Winny Wang |
May 14, 2009, Thursday
|
Print Edition
Print Edition
VENTURE capital and private equity firms remained cautious due to the financial crisis as their investments dropped to US$156 million in April on a monthly basis, Zero2IPO Research Center said in a report yesterday.
Investment in the Chinese market fell about 58 percent from a month earlier, according to figures compiled by Shanghai Daily as the research center didn't provide a comparison.
A total of 17 firms invested in 14 cases on the Chinese mainland in the period, with no single investment exceeding US$100 million.
"The government attached more importance to venture capital and private equity firms with the announcement of a stimulus package to support 10 key industries," the report said.
However, time is needed for the equity market to heat up as it is unclear when new share sales will resume and a growth enterprise board is launched, it said.
The government suspended new share sales after the stock market plunged nearly 70 percent last year, which narrowed exit channels for venture capital and private equity firms.
Investments in the energy and retail industries accounted for 90 percent of the total in the period. Clean technology absorbed 3 percent of total investments, the report said.
Venture capital and private equity firms set up eight funds - five of which are government backed - last month that plan to collect US$1.47 billion from the mainland.
Investment in the Chinese market fell about 58 percent from a month earlier, according to figures compiled by Shanghai Daily as the research center didn't provide a comparison.
A total of 17 firms invested in 14 cases on the Chinese mainland in the period, with no single investment exceeding US$100 million.
"The government attached more importance to venture capital and private equity firms with the announcement of a stimulus package to support 10 key industries," the report said.
However, time is needed for the equity market to heat up as it is unclear when new share sales will resume and a growth enterprise board is launched, it said.
The government suspended new share sales after the stock market plunged nearly 70 percent last year, which narrowed exit channels for venture capital and private equity firms.
Investments in the energy and retail industries accounted for 90 percent of the total in the period. Clean technology absorbed 3 percent of total investments, the report said.
Venture capital and private equity firms set up eight funds - five of which are government backed - last month that plan to collect US$1.47 billion from the mainland.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
