Latest News:  
Beijing   Light rain/Overcast    15 / 8   City Forecast

Home>>Read more

Foreign venture capital institutions keep hopes up despite softness of China concept stocks (2)

(Xinhua)

09:35, November 01, 2011

Another foreign venture capital institution, GGV Capital, has expanded its yuan fund scale from 300 million yuan to 1 billion yuan, said Zhuo Fumin, a partner with the company.

"There are plenty of investment opportunities in China, as the country is undergoing a major financial transformation," said Zhuo.

ICAN Capital has shown interest in the mining, green energy and health sectors in particular, Kang said.

"We are going to launch two more investment projects focusing on mining and consumption," said Kang. "Since the Chinese green energy market has promising prospects, our company will consider increasing investment in the area," she said.

Venture capital institutions are likely to invest money under poor market conditions so that they can make more profits when the market improves, said Tu Hongchuan, managing director of Highland Capital.

The rising financing needs of enterprises amid global economic uncertainties and the decline of investment costs in the Chinese market have created tremendous investment opportunities for foreign venture capital institutions, Tu said.

Crocker Coulson, president of CCG Investor Relations and Strategic Communications, said that the gloomy global economy is partially to blame for the decline of China concept stocks.

Observers believe that as long as related economic indicators see positive performance during several consecutive weeks, will the pipeline for Chinese companies preparing for IPOs in the U.S. become stronger.

"At least 50 companies are prepping for U.S. IPOs and about a dozen or so have already started the U.S. Securities and Exchange Commission (SEC) registration process," he said.


【1】 【2】


 
 
     
 
 
 
     
 
 
 
  We Recommend  
 
 
 
     
 
 

Email|Print|Comments(Editor:陈乐乐)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Shenzhou-8 takes off for crucial space mission

  2. China’s first space docking mission

  3. Longjiang Shadow play resurrected

  4. Taste tea culture in S. China

Most Popular

Opinions

  1. Effective measures stabilize Wenzhou economy
  2. US gearing up for trade war with China?
  3. How can China raise credibility of public hearings?
  4. Chinese influence on Toronto growing
  5. China's development no threat to Japan
  6. Can Internet accurately gauge public opinion?
  7. How to view public, government opinion realms?
  8. China's development no threat to Japan
  9. Chinese officials need to speak cautiously
  10. Why Taoism can change the world

What's happening in China

Obese boy trying back to normal life

  1. Taiwan to outlaw teacher-student romance
  2. 'Population crisis' looms in Taiwan
  3. SW China explosion kills 4, injures at least 100
  4. Walmart wholesaling deadbeat behavior: landlord
  5. 6.0-magnitude quake hits NW China's Xinjiang

PD Online Data

  1. Tangerines and oranges
  2. Dried persimmon cake
  3. Guangdong candy
  4. Tangyuan
  5. What do Chinese eat during the Spring Festival?