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: 美女扒开腿让男人桶尿口 | 女人张开腿让男人桶视频 | 不卡国产视频 | 日本精品99| 国产精品毛片 | 久久国产精品亚洲 | 欧美5g影院天天爽天天看 | 97免费视频观看 | 成人欧美精品久久久久影院 | 欧美在线视频精品 | 国产乱纶 | 成人在线免费看 | 国产免费爱在线观看视频 | 一级特黄aaa大片 | 国产精品久久久久久久久免费观看 | 九九热视频在线免费观看 | 中文字幕精品一区二区三区视频 | 久久久网久久久久合久久久久 | 91大神大战丝袜美女在线观看 | 俄罗斯美女在线观看一区 | 久久精品一区二区三区中文字幕 | 亚洲欧美日韩在线精品一区二区 | 成人免费福利网站在线看 | 国产精品手机视频一区二区 | 一级毛片免费视频网站 | 免费在线观看毛片 | 日本免费一区二区三区看片 | 撸久久| 福利社在线 | 亚洲欧美日本人成在线观看 | 精品日韩欧美一区二区三区 | 日韩99精品 | 女人张腿让男桶免费视频网站 | 99久久免费午夜国产精品 | 国产在线观看高清精品 | 亚洲一区二区三区免费视频 | 精品久久久久久久九九九精品 | 美日韩黄色片 | 亚洲 欧美 国产 日韩 制服 bt | 国产日韩在线播放 | 美女张开腿黄网站免费 |