www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Slowdown chill equity investment firms

By Cai Xiao | China Daily | Updated: 2013-07-26 08:22

Slowdown chill equity investment firms

The Chinese private equity and venture capital markets have faltered amid a weakening economy and a freeze on initial public offerings.

In the first half of 2013, only $7.83 billion was raised by equity investment funds related to China, marking the first decline in investable funds into the mainland market from this sector, according to a report from Zero2IPO Research Center.

The report said 516 deals were made in the first half of the year, down 45.2 percent year-on-year. value of the deals fell 20.9 percent to $9.9 billion.

Although activity by PE and VC investment firms has shown signs of a revival since the second quarter, the slowing economy and difficulties in exiting investments are keeping the overall condition from improving.

"Another important reason for the decline was the fierce competition among PE and VC firms, which made deals much more expensive," said Luo Yu, an analyst at Zero2IPO Research Center.

Luo said firms are proceeding more slowly and paying closer attention to their distinct advantages.

Only 73 exits were made in the first half, including 27 through mergers and acquisitions, 15 by equity transfers and 13 via initial public offerings. It was the first time that M&A deals were more popular exit strategies than IPOs.

Wang Chaoyong, chairman and chief executive officer of ChinaEquity Group, said exit strategies are still the key issue for PE investors, and the resumption of IPOs will be important in the second half.

Shan Xiangshuang, chairman of CSM Group, a major Chinese PE company, welcomed the coming IPO restart and said that the Chinese PE and VC market is undergoing a transformation.

"When the macroeconomy and market are changing, many PE and VC firms are trying M&As to exit and participating in the securities and insurance markets," said Shan.

IPOs are "still the main way to exit. Without exits, we could not have investment returns, and then not be able to raise new funds", said an investment manager at a large Beijing-based PE firm, who declined to be identified.

According to the China Securities Regulatory Commission, 83 companies have passed the examination of the agency's IPO committee and are waiting for the market to give an indication of their valuations.

Of this group, 50 are backed by 101 PE and VC firms, according to China Securities Journal.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 欧美aaaa在线观看视频免费 | 女人夜色黄网在线观看 | 亚洲风情第一页 | 台湾三级 | 国产精品日韩欧美在线 | 欧美一区二区三区gg高清影视 | 久久精品国产亚洲网站 | 久久久亚洲天堂 | 国产网站免费在线观看 | 99精品视频在线播放2 | 亚洲日本欧美产综合在线 | 日本欧美片 | 女人张开腿给人桶免费视频 | 久久九九色 | 国产黄色一级网站 | 欧美一区二区三区久久综合 | 成年人福利视频 | 国产在线精品一区二区 | 国产精品久久久久久福利 | 国产欧美日韩亚洲 | 国产操操 | 香蕉成人在线视频 | 国产精品美乳免费看 | 欧美精品国产一区二区三区 | 日本免费的一级绿象 | 色一情 | 特级片视频 | 日韩在线 中文字幕 | 2021国产精品系列一区二区 | 在线精品亚洲欧洲第一页 | 在线综合+亚洲+欧美中文字幕 | 国产一起色一起爱 | 99视频在线永久免费观看 | 久久中文字幕综合不卡一二区 | 免费午夜不卡毛片 | 好湿好紧好痛a级是免费视频 | 日韩亚 | 欧美精品一区二区三区免费 | 朝鲜一级毛片 | 亚洲欧美日韩国产精品久久 | 草久在线视频 |