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
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
