According to the “Annual China VC/PE Report in 2008” by EZCapital, witch is one of the most authoritative VC/PE analyzing institution in China, 91 funds have been raised in 2008, 56.89% higher compared to the figure in 2007. The total amount funded has reached 37.7billion dollars (around 263.94 billion RMB), which is over 3 times more than that of the previous year. The report shows that 58 out of 91 new raised funds are RMB funds, worth a total of 5.57 billion dollars (38.99billion RMB), 403.52% up from 2007. The foreign funds also have made a 366% growth to 32.14billion dollars (224.91billion RMB). Although the world economy is in a gloom, the VC/PE market in China shows fast growth in 2008. However, things could be different this year.
Being in the 2nd year of the global financial crisis, start-up enterprises in China are facing more difficulties in both business operation and financing. Global contracting consumption and investment have severely impacted China market. Export-oriented industries are going to be adjusted in all aspects. Governments’ finance stimulus package improves macro economy while at the same time causes worries of new economy bubble. Unemployment rate keeps increasing which results in the further contraction of predictive consumption. Global financial meltdown has also influenced the high tech development. Under this situation, small to medium-sized enterprises are struggling to survive. Take Beijing as an example, at the 1st quarter of 2009, there was a big decline in the number of new opening national tax account and an increase of 20% in the number of enterprises closing the accounts.
China VC/PE Report data from Jan to Jun in 2009:
The China VC and Financing Development Summit have been held for 4 times, and the China Most Valuable Venture Enterprises Awards Ceremony will cheer for its 3rd presence this year. With those successful experiences, the summit is of the highest level in the China VC investment industry and an annual festival in the area.
This year we will invite over 100 government experts, scholars, capitalists and entrepreneurs as our honored guests to discuss many popular topics:
-The opportunities and challenges faced by China VC/PE under current global economy;
-Establish diversified enterprises financing and capital withdrawing channels including property transactions, three main boards, OTC and Growth Enterprises Market;
-The opportunities and challenges faced by foreign and local LP in China Market under financial crisis;
-The investment hotpots and the contributions that VC can make at new economy era.
The summit is committed to create a chance that entrepreneurs and investors can communicate and share their views via dialogues focusing on different topics. The policy trend related to VC investment will be explored, the hotpot and development trend of PE and VC investment will be unveiled, and the communication and cooperation between PE and VC will be facilitated.
Now, we are more than happy to invite you to join us at the 5th (2009) China VC and Financing Development Summit. Our success depends on your support.
Theme:
-how to grow against financial crisis;
-analyze the hotpots in industry upgrade
-find the right way to invest in infrastructures.
The exclusive 2 days summit will feature:
-Over 100 speakers including pioneers in PE and VC industry, related policy makers, entrepreneurs, and scholars;
-Over 100 government officers, experts and professionals (CPA, Attorney, Management Consultant etc)
-Over 100 oversea and local investors. (LP, PE/VC investors, Institutional Investors, investment bankers, etc)
-Over 200 entrepreneurs and managers of enterprises at the stage of start-up, expanding and pre-IPO.
-Over 100 managers and reporters from finance and industry Medias;
-Over 10 high level forums relating to popular topics in PE and VC industry.
Amount of Participants: 500 |