VC Funds Pour into Middle Kingdom
Filed in archive Venture Capital on January 7, 2006
This week's edition of BusinessWeek, boldly confirms why this portal exists. For China funds, the money keeps pouring in. In 2005, they raised some $1.17 billion, up from just $325 million in 2002, according to Hong Kong-based Asian Venture Capital Journal.
In April, the China Venture Capital Forum will draw scores of VCs together to review and examine the substantial development of venture growth in the past decade. As of July 2005, over 40 companies with venture capital were listed on the SME board of the Shenzhen Stock exchange, the GEM of the Hong Kong Exchange, and the NASDAQ, with a capitalization of over 20 billion
yuan, which has rocketed the development of China�s innovative economy.
For sure, China's powerful National Development and Reform Commission (NDRC) appears set on creating domestic venture capital champions by offering them preferential treatment over their foreign rivals.
Keep reading this blog for more news about the rise of the Middle Kingdom VCs.
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