NEW YORK, April 28 /PRNewswire-Asia/ -- 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 did not slowdown at the end of 2008. At the beginning of 2009, the world economic situation continued its free-fall as seen in 2008, but China's steady monetary policy, and the 4,000 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 IPOs on China's 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's VC&PE market. In addition, with the supply system of domestic venture capital gradually improving, China's VC market is expected to make a rapid recovery.
Gavin Ni, Founder, CEO & President of Zero2IPO Group, released the latest data of China Q1, 2009 Venture Capital and Private Equity markets at 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 the 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. The Chinese PE market recorded its lowest quarterly level in both fundraising and investment by PE institutions. Only two PE funds available for investment in Asia and the Chinese mainland completed fundraising of USM500.00M, the lowest quarterly level since Q1'06. Also, PE funds were generally inactive in investing in the 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 play 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's 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 resources 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 the Sheraton Miyako Hotel Tokyo.
About Zero2IPO Group
Founded in 1999, Zero2IPO is a leading integrated service provider in the China venture capital and private equity industry. Over the past nine years, Zero2IPO has become an unbeatable deal flow and networking source in China.
Zero2IPO's mission is to be the preferred service provider to businesses in the venture capital and private equity industry by offering an unparalleled knowledge and expertise to our clients and partners. To ensure this, Zero2IPO provides a broad and deep array of services enabling entrepreneurs and investors to reach the next level of success.
Zero2IPO Group is headquartered in Beijing with offices in Shanghai, Shenzhen, Hong Kong, and Silicon Valley.
For more information, please contact:
Stanly Shen
Tel: +86-10-8458-0476 x8223
Mobile: +86-1381 084 3836
Email: stanlyshen@zero2ipo.com.cn