CVCA电子月刊 2013年2月
  February, 2013
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New Publication CVCA Releases China VC/PE Industry Survey Report 2012-2013 (3rd Annual Edition) China Venture Capital and Private Equity Association ("CVCA") officially releases China VC/PE Industry Survey Report 2012-2013 (3rd Annual Edition). The CVCA annual survey aims to summarize the development status of China's VC/PE industry in 2012, evaluate the development environment, and foresee the industry development in the coming 2013. Besides, this report compares the key findings with that of 2010 and 2011 to offer insights and references for VC/PE professionals.
For more detailed information, please refer to the survey results.
Key Findings: Review in 2012 Overview of the Industry Development Status of LPs Development Status of GPs Outlook for 2013
Should you have any question or suggestion, please feel free to contact us.
Vincent GUO, Director of Public Policy & Research, E-mail: Vincent@cvca.org.cn Allen CHEN, Analyst, E-mail: Allen@cvca.org.cn Esther GONG, Analyst, E-mail: Esther@cvca.org.cn
Policy Update The Pilot Program of Foreign-invested PE Funds Launched in Qianhai, Shenzhen Shenzhen Municipal Government Financial Office has recently released the Tentative Measures on the Pilot Program of Foreign-invested PE Funds in Shenzhen (hereinafter referred as the Tentative Measures) and Standard of Operation for the Pilot Program of Foreign-invested PE Funds in Shenzhen (hereinafter referred to as the Standard of Operation). Qianhai Shenzhen- HongKong Modern Service Industry Cooperation Zone will become the first region to try out the Tentative Measures.
According to the Shenzhen Municipal Government Financial Office, after the release of the Tentative Measures and the Standard of Operation, nearly 20 large foreign investors have shown strong interest in entering Qianhai in the form of PE funds. Foreign capital is allowed to apply to set up PE funds and qualified applicants will be granted within 30 working days.
In the last two years, Shanghai, Beijing and Tianjin have all promulgated tentative measures on setting up foreign-invested PE funds. Though these policies have partially streamlined the procedures and formalities of the foreign exchange settlement for foreign investors, the issues regarding the nature and national treatment of the RMB funds set up by foreign VC/PE remain unresolved. In addition, according to the statistics from SAFE, the amount of foreign exchange settlement in the pilot programs is very small, falling short of the expectations of the pilot programs.
Since Qianhai will become the first region to try out a series of new policies, whether the pilot program launched by Shenzhen government can make certain breakthroughs in foreign settlement and in the nature of the foreign invested RMB funds still remains to observe.
Supported Events · AVCJ Private Equity and Venture Forum – China 2013 - May 30-31, Park Hyatt, Beijing · AVPN Annual Conference 2013 - 9-10 May 2013, Singapore Copyright © 2008-2014 China Venture Capital and Private Equity Association. All rights reserved. |
China Private Equity Matters February Edition Now On-line
Please read moreabout this month's issue. Past Events WU Xiaoling communicated with CVCA representatives on the newly passed Securities Investment Fund Law On 30 December 2012, Ms. WU Xiaoling, Vice Chairman of the Financial and Economic Affairs Committee of the National People's Congress (NPC), communicated with around ten representatives from CVCA member firms on the newly passed Securities Investment Fund Law.
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