The Fourth China Venture Capital & Private Equity Forum, New York, hosted by Zero2IPO Group (http://www.zero2ipo.com.cn) has been successfully held on Apr. 28, 2009 at the Westin Hotel New York. The forum provided a good opportunity of exchanging ideas and experiences and seeking for cooperation for about 200 top investors, entrepreneurs, LPs and professionals at home and abroad.
The impact on the world economy caused by the international financial crisis, has not been slowdown because the end of 2008. At the beginning of 2009, the world economic situation continued the free-fall -down-like posture in 2008. But China's steady monetary policy, and the 4000 billion RMB economic stimulus plan introduced by the Government in good time, makes China remain the most attractive market for VC&PE in the world even under the current financial crisis. Norms for IPO on China GEB was rolled out on Mar. 31, 2009. The release of the Interim Methods is a first step to break the ice and warm up IPO exits of VC investment in 2009, which injects a booster into China VC&PE market. In addition, with the supply system of domestic venture capital gradually improving, China VC market is expected to be a rapid recovery.
Gavin Ni, Founder, CEO& President of Zero2IPO Group released the latest data of China Q1, 2009 Venture Capital and Private Equity market on the opening ceremony. According to statistics from Zero2IPO Research Center, ten funds were established by nine VC institutions at home and abroad in the quarter, among which newly-raised funds available for investment in Chinese mainland amounted to US$888.85M. The number of newly-raised funds decreased by 19 and newly added capital accordingly dwindled by 36.9%, compared with the previous quarter. It was also the case in VC investment. In the quarter, VC firms invested in 53 enterprises with a disclosed amount of US$319.68M, while the number of VC investees decreased by 79 and VC investment value shrank by 61.0% in comparison to the previous quarter. Chinese PE market recorded lowest quarterly level in both fundraising and investment by PE institutions. Only two PE funds available for investment in Asia and Chinese mainland completed fundraising of USM500.00M, the lowest quarterly level since Q1’06. In the meanwhile, PE funds were generally inactive in investing in Chinese mainland, with a total of 19 investment deals involving a combined US$470.31M, representing the lowest levels in recent years in both the number of investment deals and amount. All these facts stood as testimony to a deeply influenced VC&PE market by global financial crisis where institutional investors were poised to take more cautious investment strategies.
“RMB finds will plan a significant role in PE going forward” said Mr. Drew J. Guff, Managing Director & Founding Principal of Siguler Guff & Company, in his speech. Kathy Xu, Founder & Managing Partner of Capital Today Group, carried out a brilliant exposition to China opportunities from three aspects of China consumers, small and medium enterprises and local home-grown entrepreneurs on the Forum. Dixon Doll, the co-founder & General Partner of DCM and Chairman of NVCA, Hugo Shong, Founding General Partner of IDG VC, Andrew Y. Yan, Managing Partner of SAIF Partners, Jim Breyer, Partner of Accel Partners, Roger S. Leeds, Chairman of EMPEA, Maximillian C. Justicz, Managing Director of Goldman, Sachs & Co., and many other senior management from JP Morgan ,Capricorn Investment Group, LLC, Legend Capital, DFJ China, and other international famous institutions, also addressed wonderful speeches.
The CVCF was launched by Zero2IPO Group in 2000, which has been held successfully over 20 times around the world. As the most effective viewpoint and experience sharing platform in China, it provides attendees with authoritative data resource and broad network. According to the Zero2IPO Group, the third China Venture Capital and Private Equity Forum, Tokyo will be held on Sep. 10, 2009 at Sheraton Miyako Hotel Tokyo.
Zero2IPO Group Holds the Fourth China Venture Capital & Private Equity Forum, New York
By ()Updated:2009-4-28 Print
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